The Funding Opportunity Announcement (FOA) will fund up to two SMR designs, which will be used to construct and deploy reactors by 2022.

“America’s choice is clear – we can either develop the next generation of clean energy technologies, which will help create thousands of new jobs and export opportunities here in America, or we can wait for other countries to take the lead,” Energy Secretary Steven Chu said in the TES article. “The funding opportunity announced today is a significant step forward in designing, manufacturing, and exporting U.S. small modular reactors, advancing our competitive edge in the global clean energy race.”

  • PowerShares Global Nuclear Energy portfolio (NYSEArca: PKN): up 8.4% year-to-date
  • iShares S&P Global Nuclear Energy (NYSEArca: NUCL): up 4.5% year-to-date

Market Vectors Nuclear Energy

For more information on the nuclear industry, visit our nuclear category.

Max Chen contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.