AEP Seeking Grants To Assist With Advanced Nuclear Site Exploration in Indiana and Virginia
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American Electric Power (AEP) is seeking grants from the US Department of Energy to support the Early Site Permit process for potential Small Modular Reactor sites in Indiana and Virginia. The Rockport Plant in Indiana and the Joshua Falls site in Virginia are identified as potential locations.
January 17, 2025 | 3:15 pm
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American Electric Power is pursuing grants to support the development of Small Modular Reactor sites in Indiana and Virginia, indicating a strategic move towards advanced nuclear energy solutions.
AEP's initiative to secure grants for SMR sites suggests a commitment to expanding its nuclear energy capabilities, which could positively impact its stock by aligning with clean energy trends and potential future revenue streams.
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