By Tim Devaney - 10/31/14 01:57 PM EDT
The Obama administration is looking to develop more efficient nuclear power facilities.
Next generation nuclear reactors would not only save energy, but they would also be safer to operate, the Department of Energy (DOE) said Friday as it announced new investments in the sector.
As part of the Obama administration's climate action plan, the Energy Department announced it will provide tens of millions of dollars to support companies involved in key nuclear energy research.
These companies will receive $13 million in cost-share agreements with the Energy Department that will help them address design, construction and operation issues associated with next generation nuclear reactors.
“This type of public-private research in advanced nuclear reactors will help accelerate American leadership in the next generation of nuclear energy technologies, and move the United States closer to a low carbon future,” Energy Secretary Ernest MonizErnest MonizBay Area energy meeting is where climate protection gets real The Trail 2016: Donald and the Supremes Overnight Energy: EPA wants higher ethanol mandate MORE said in a statement. “These types of investments are crucial to the continuing role of nuclear power as a significant contributor to the U.S. energy economy.”