By Tim Devaney (The Hill) - 10/31/14 01:57 PM EDT
The Obama administration is looking to develop more efficient nuclear power facilities.
Next generation nuclear reactors would not only save energy, but they would also be safer to operate, the Department of Energy (DOE) said Friday as it announced new investments in the sector.
As part of the Obama administration's climate action plan, the Energy Department announced it will provide tens of millions of dollars to support companies involved in key nuclear energy research.
The companies, including AREVA Federal Services, GE Hitachi Nuclear Energy, General Atomics, NGNP Industry Alliance, and Westinghouse Electric Company, are looking to build advanced reactor technologies.
These companies will receive $13 million in cost-share agreements with the Energy Department that will help them address design, construction and operation issues associated with next generation nuclear reactors.
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