Duke Energy Corporation announced its participation in a U.S. Department of Energy (DOE) cost-share project supporting the deployment of small modular reactor $(SMR)$ technology. The DOE has awarded a $400 million grant to the Tennessee Valley Authority to advance the GE Vernova Hitachi BWRX-300 SMR. Duke Energy's involvement in the project is part of its strategy to collaborate with other utilities and technology providers to develop standard technology designs and leverage industry experience. The company is also evaluating potential SMR deployment at its Belews Creek site in North Carolina, with plans to submit an early site permit application to the Nuclear Regulatory Commission by the end of the year.
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