The U.S. Department of Energy has announced a $400 million grant to the Tennessee Valley Authority $(TVA)$ and a coalition of utility and industry partners, including GE Vernova Hitachi, to accelerate deployment of the BWRX-300 small modular reactor $(SMR)$ technology. This funding aims to support the construction of the nation's first commercial SMR at TVA's Clinch River site in Oak Ridge, Tennessee, with commercial operation targeted for the early 2030s. In May, TVA submitted a construction permit application to the U.S. Nuclear Regulatory Commission $(NRC)$, which is currently under review. The grant underscores the DOE's commitment to advancing next-generation nuclear technology and strengthening the U.S. nuclear supply chain.