Department of Energy Announces up to $40 Million in Available Funding for Next Generation Nuclear Plants

U.S. Energy Secretary Steven Chu announced today that up to $40 million in funding will be available from the Department of Energy to support design and planning work for the Next Generation Nuclear Plant (NGNP). Next Generation Nuclear Plants will use new, high temperature, gas-cooled reactor technologies to integrate multiple industrial applications in one plant or facility, such as generating electricity while refining petroleum.