In the U.S., the commitment to such
alternatives remains precarious — the budget for biofuel and hydrogen research has risen, but funding for
other renewable
energy sources has declined.
While we are disappointed with DOE's decision to exclude Holtec from the award, we
remain confident that our reactor, the SMR - 160, has the greatest potential to triumph in a global marketplace because it is designed to meet the highest expectations of safety and is uniquely engineered to compete economically with
other sources of
alternative energy in the evolving era of cheap fossil fuels.