Tennessee is set to become a key player in the future of nuclear energy with a $5.4 billion project aimed at deploying small modular reactors (SMRs). Spearheaded by the Tennessee Valley Authority (TVA), this initiative brings together industry heavyweights Bechtel, Sargent & Lundy, and GE Hitachi Nuclear Energy to develop next-generation nuclear technology at the Clinch River site in Roane County.

Bechtel, a global leader in engineering and construction, will lead initial site preparation and construction planning, ensuring the groundwork is laid for this transformative energy project. Unlike traditional nuclear plants, SMRs are designed to be more cost-effective, scalable, and safer, making them a promising solution for clean energy expansion in the U.S.

The TVA has long explored nuclear as a stable, low-carbon energy source, and this project marks a significant step toward commercializing SMR technology. With the growing demand for reliable power and a push toward decarbonization, this effort could set the stage for the nationwide adoption of modular reactors.

“Today, tech companies are racing to deploy AI, but they need more power to unlock the next wave of innovation. At the same time, mounting public pressure to decarbonize is forcing them to seek cleaner energy sources. These twin pressures—soaring electricity demand and the push for sustainability—have breathed life into the nuclear industry,” said Bechtel President and COO Craig Albert.

Beyond its environmental and energy implications, the project is expected to drive economic growth in the region, creating construction and engineering jobs while reinforcing Tennessee’s role as a leader in nuclear innovation. This collaboration could provide a blueprint for future SMR deployments, offering a viable path to meet the country’s increasing energy needs with sustainable solutions.

“Bechtel is honored to be selected by TVA for this important work and is proud to be at the forefront of new nuclear power generation,” said Ahmet Tokpinar, general manager of Bechtel’s Nuclear Power business. “We are committed to leveraging our extensive experience and expertise, utilizing new tools and innovations, to construct this project. We look forward to continuing our partnership with TVA to deliver new, clean energy.”

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