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Duke Energy's Commitment to Nuclear Innovation

Duke Energy recently voiced its support for the U.S. Department of Energy (DOE) as it embarks on a groundbreaking initiative to advance nuclear technology through significant financial investments. This move is particularly pivotal given the rising emphasis on clean energy and the need for sustainable electricity generation.

On December 4, 2025, the DOE disclosed a $400 million grant allocated to the Tennessee Valley Authority (TVA) to fast-track the deployment of GE Vernova Hitachi's small modular reactor (SMR) technology known as the BWRX-300. Duke Energy's involvement in this cost-share project reflects its dedication to enhancing nuclear development, aligning perfectly with its broader commitment to delivering reliable and affordable energy while promoting economic growth in the U.S.

Harry Sideris, president and CEO of Duke Energy, underscored the importance of public-private partnerships in accelerating technology advancements. He articulated how this initiative not just reduces costs for consumers but also mitigates risks associated with energy investments. As part of the collaboration, Duke Energy plans to leverage lessons learned from existing nuclear technology to streamline efficiency and effectiveness.

The Role of SMRs

Small Modular Reactors represent a significant advancement in nuclear technology, emphasizing compactness and adaptability within the energy grid. SMRs can be deployed more rapidly than traditional nuclear facilities and are designed to provide a further step toward a cleaner energy future. Their use can ensure grid reliability and enhance the overall economic resilience of the regions they serve.

Duke Energy's strategic direction includes potentially deploying SMRs at its Belews Creek site in North Carolina. Plans are underway to submit an early site permit application to the Nuclear Regulatory Commission by the end of the year, illustrating a proactive approach to nuclear innovation. This forward-thinking strategy aims to foster partnerships within the industry, particularly focusing on evaluating and advancing new nuclear generation technologies.

Through collaborations and knowledge-sharing with TVA and GE Vernova Hitachi, Duke Energy is positioning itself at the forefront of the energy transition. The collective expertise and resources will allow all parties involved to rigorously assess SMR deployment, focusing on safety and cost-reduction while maintaining a commitment to environmental responsibility.

Looking Ahead

Duke Energy is not just an industry player; it is an architect of the future energy landscape. The company's substantial investment in various energy sources—natural gas, renewables, and nuclear—underpins its mission to provide customers with a reliable, affordable, and carbon-free energy portfolio. Duke Energy operates one of the largest energy holding companies in the United States, serving millions across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.

Duke Energy's proactive initiatives demonstrate a commitment to embracing innovative technology, ensuring energy security, and addressing climate change concerns. As the company embarks on these crucial projects, it invites stakeholders and consumers alike to join in its journey toward a sustainable energy future. With continued focus and investment in advanced nuclear technologies, Duke Energy is set to play an integral role in the evolution of energy production in the United States.

To follow Duke Energy's efforts and stay updated on their projects and innovations, visit duke-energy.com or connect with them on various social media platforms, including X, LinkedIn, Instagram, and Facebook.

For more details, refer to the Department of Energy's official announcements regarding the grant and associated projects.