In early October 2019, the United States Department of Energy (DOE) and the United States Nuclear Regulatory Commission (NRC) executed a memorandum of understanding to share technical resources and expertise to accelerate the development and implementation of advanced nuclear technologies. Under the agreement, the DOE would run a National Reactor Innovation Center (NRIC) with a goal of funneling private sector funds to the testing and validation of reactor concepts, and would assist potential providers of advanced nuclear technology with guidance through relevant regulatory processes. The …
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