From the World Nuclear News, reprinted here with permission:
A formal agreement with the US Department of Energy (DoE) means that Babcock & Wilcox (B&W) mPower can access the first $79 million of federal funding under a government program to accelerate commercialization of small modular reactors (SMRs).
The mPower America team of B&W, the Tennessee Valley Authority (TVA) and B&W subsidiary Generation mPower was selected in a competitive process to receive DoE funding to commercially demonstrate the mPower SMR by 2022. Now that the cooperation agreement has been signed, the $79 million allocated for the first year of the program will be available immediately to the B&W mPower program.