Texas Officially Opens Applications for "Texas Advanced Nuclear Development Fund"
2026-04-02 17:32
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en.Wedoany.com Reported - On April 1st, Texas Governor Greg Abbott and the Texas Office of Advanced Nuclear Energy announced the official opening of applications for the "Texas Advanced Nuclear Development Fund."

This move aims to enhance the state's nuclear energy manufacturing capabilities and position Texas to play a leading role in the so-called U.S. nuclear energy renaissance.

Governor Abbott emphasized that to meet Texas's future energy needs, significant development of advanced nuclear energy is essential. He believes nuclear energy is an efficient and reliable energy solution that also creates high-paying advanced manufacturing jobs. Through the Office of Advanced Nuclear Energy and the Texas Advanced Nuclear Development Fund, the state is streamlining the nuclear regulatory environment and making investments to foster a thriving nuclear ecosystem.

The state passed House Bill 14 in June 2025, establishing the Office of Advanced Nuclear Energy and the $350 million "Texas Advanced Nuclear Development Fund," described as the largest nuclear investment in the United States. The fund aims to support the development and commercialization of the advanced nuclear energy industry in Texas, along with related supply chains and manufacturing capabilities.

Eligible projects include building advanced nuclear reactors, strengthening nuclear energy manufacturing, and rebuilding Texas's domestic fuel cycle supply chain. Applicants can choose between the "Project Development & Supply Chain Reimbursement Program" or the "Advanced Nuclear Construction Reimbursement Program."

Interested businesses must submit a Letter of Intent by 5:00 PM Central Time on April 23, 2026, and a formal application by 5:00 PM Central Time on May 14, 2026.

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