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The U.S. Department of Energy has awarded $800 million in grants, split between Holtec and the Tennessee Valley Authority (TVA), to develop light-water small modular reactors (SMRs). Holtec plans to construct two SMR-300 reactors in Michigan, while TVA will focus on early site work and design for a GE Vernova Hitachi BWRX-300 reactor in Tennessee, both expected to advance nuclear technology with fewer regulatory hurdles. TVA is also prioritizing supply chain development and workforce readiness in collaboration with industry partners.