US: GE Hitachi to lead nuclear tech development project

[ABX]

The U.S. Department of Energy (DOE) selected GE Hitachi Nuclear Energy (GEH) to lead a team of industry experts for an advanced nuclear technology development project, the company announced Monday.
The project will bring together a team consisting of clean energy producer Exelon Generation, Hitachi-GE Nuclear Energy (HGNE), global engineering, construction, and project management company Bechtel and the Massachusetts Institute of Technology (MIT) "to examine ways to simplify the reactor design, reduce plant construction costs, and lower operations and maintenance costs for the GEH BWRX-300, a 300 megawatt electric (MWe) small modular reactor," a press release read.
The project will receive more than $1.9 million in DOE funding, part of a nearly $20 million investment in advanced nuclear technology announced by the department....

https://www.marketscreener.com/HITACHI-LTD-6492458/news/US-GE-Hitachi-to-lead-nuclear-tech-development-project-26941724/