Tennessee Governor Bill Lee gives the State of the State address
Tennessee's Governor Bill Lee has announced new support for nuclear energy initiatives, allocating funds for various projects in his state. A summary of the key points from the announcement is as follows:
Support for Small Modular Reactor Project: The governor has pledged USD50 million to create a fund supporting the Tennessee Valley Authority's (TVA) Clinch River Nuclear SMR project. This demonstrates the state's commitment to the project, and a TVA-led coalition has already applied for USD800 million in federal funding for its development.
Attraction of Advanced Nuclear Technology Companies: An additional USD10 million will be invested in Tennessee's Nuclear Energy Fund, established in fiscal 2023-2024. This fund aims to attract advanced nuclear technology companies to the state. It has already garnered attention from leading energy companies, and East Tennessee has become home to global industry leaders like Kairos, X Energy, and Orano.
Regulatory Framework for Commercial Nuclear Fusion: The budget includes USD2.6 million to develop a regulatory framework for commercial nuclear fusion power.
Vocational Education for Nuclear Workforce: A USD10 million investment has been made in vocational education to support the development of the nuclear workforce.
Federal Grant Matching Fund: USD20 million has been allocated to the Federal Grant Matching Fund, which supports proposals from Tennessee universities and businesses applying for research funding from federal agencies such as the National Science Foundation and Department of Energy.
Governor Lee emphasized that the state's ambition to lead in nuclear innovation is not just about competing with other states but about securing the future of America. He also mentioned that Tennessee is a top contributor to the nation's economy due to its willingness to adapt and welcome emerging industries.
Overall, the governor's announcement highlights Tennessee's commitment to supporting nuclear energy initiatives, which aim to attract advanced technology companies, develop the nuclear workforce, and establish a regulatory framework for commercial nuclear fusion power.
