Gen4 Energy withdraws its pursuit of the DOE SMR Funding Opportunity Announcement

Gen4 Energy withdraws its pursuit of the DOE SMR Funding Opportunity Announcement: http://www.gen4energy.com/news_item/gen4-energy-decides-to-withdraw-its-pursuit-of-the-doe-smr-funding-opportunity-announcement/ "Gen4 Energy announced that it has decided not to pursue the recently released DOE Funding Opportunity Announcement (FOA) for Small Modular Reactor Licensing Support Program. The purpose of the FOA was to enter into cost sharing arrangements with companies that have designs that can be “expeditiously licensed and achieve a U.S. Commercial Operation Date (COD) on a domestic site by 2022.” While the FOA was open to any SMR technology, Gen4 Energy concluded that use of well-known Light Water Reactor (LWR) technology of 45 to 300 MW intended for deployment in the USA had a much higher probability of success given the FOA’s stated maximum of two awards.
“We have a unique, next generation product for a very specific market” said Bob Prince, CEO of Gen4 Energy. “We have targeted and will continue to target small, remote or off-the-grid markets that tend to rely on diesel power. Gen4 Energy applauds the efforts of the DOE to move domestic SMR technology forward, but our focus will remain on regions and applications most in need of next generation technology.” Prince also said, “The DOE FOA will help move the current LWR SMR market forward which can provide an economic energy alternative for the United States. We also look forward to DOE’s efforts on additional domestic support for Generation IV nuclear power technologies.”
“While we will not pursue the Licensing FOA, we are excited to continue our work under our Memorandum of Agreement with DOE to deploy our advanced reactor at Savannah River”, said David Carlson, COO and Chief Nuclear Officer at Gen4 Energy, “In addition, we have responded to the DOE’s recent RFI (DE-SOL-0003674) for advanced reactors which is directly applicable to our initiatives.”"