Trump Administration Announces $60M 'Project Prometheus' for Nuclear Energy Research
The Trump administration announced a major investment in nuclear energy through the Department of Energy's Genesis Mission. Project Prometheus received a Phase II award totaling $60 million over three years and is focused on leveraging artificial intelligence to advance next-generation nuclear technologies. Key partners include four national laboratories—Idaho, Oak Ridge, Argonne, and Sandia—as well as major tech firms like Nvidia (NASDAQ:NVDA), Amazon Web Services (AWS), and Microsoft. Nuclear companies such as X-Energy (NASDAQ:XE) and Oklo (NYSE:OKLO) are also participating with specific reactor designs and strategic AI integration plans. The initiative aims to accelerate the development, licensing, and commercial deployment of advanced nuclear technologies like small modular reactors. The funding is seen as a significant boost for U.S.-based innovation in clean energy.
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