Breaking news: Exciting investment opportunity for Missouri announced today
On Thursday, April 19, Missouri’s energy future took a giant leap forward as investor-owned, cooperative and municipal utilities announced that they are partnering with Westinghouse Electric Company to apply to the Department of Energy’s Small Modular Reactors (SMR) investment fund for up to $452 million. The funding will support engineering, design certification and licensing for SMRs in Missouri.
This historic partnership could make Missouri a world leader in the energy sector economy. Gov. Jay Nixon, Sen. Mike Kehoe, Rep. Jeanie Riddle, Chairman Pollock and the overwhelming majority of members of the General Assembly who support nuclear power and helped make this amazing opportunity a reality, should be applauded for their hard work and commitment to Missouri’s energy and economic future.
Over the last four years, MBEF’s supporters across the state educated the public to show that cleaner, alternative energy sources like nuclear are a path forward for Missouri. Today, we are another step closer to creating jobs, boosting our economy and securing our energy future.
This announcement could make Missouri home to an SMR component manufacturing center, engineering and design center, and training facility for engineers—establishing Missouri as a world leader and exporter in energy technology and manufacturing. In addition to the construction of new SMRs, thousands of Missourians will be put to work because of this project.
An economic impact study about the SMR project is in process and will be made available later this spring.
For more information about SMRs, please visit the below websites.
Missourians for a Balanced Energy Future
Learn More This information is provided by the Missourians for a Balanced Energy Future (MBEF), a nonprofit, nonpartisan organization comprised of small and large businesses, labor, farmers, associations and trade groups, and Missouri citizens, who understand that securing Missouri's reliable energy sources for tomorrow means making common sense decisions today.