Energy Dept. Nuclear Program Fuels Small Business, National Lab Partnerships

An Energy Department program is leading the way for small businesses to partner with national laboratories, including facilities and expertise, to promote research into advanced nuclear reactor technologies.

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The Gateway for Accelerated Innovation in Nuclear Initiative has awarded up to $2 million in vouchers to eight start-up companies to partner with nine participating national labs for one year to overcome specific research and development hurdles for advanced-reactor technologies, writes Bloomberg BNA reporter Rebecca Kern.

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The nuclear industry and its advocates say said the U.S. must revamp how nuclear reactors are designed, financed and built in order to be competitive with other energy sources in the future, Kern says.

Get the full story in Start-Ups Gain Helping Hand in Advanced Nuclear Energy Program.