Nuclear Energy Archives - TVA Economic Development

Master Machine, LLC, a system design and manufacturer of products primarily for nuclear-focused industries, announced plans to expand operations in Hamilton County. Plans for the project include creating 44 new jobs and investing $12 million in the company’s Chattanooga operations. Economic development partners include EPB, Chattanooga Area Chamber of Commerce, Hamilton County, the city of Chattanooga, and the Tennessee Department of Economic and Community Development. This project furthers TVA’s mission of service to help improve the quality of life for the people of the Valley.

The Tennessee Valley Authority Board of Directors, on Thursday, approved $150 million in additional advanced nuclear funding to support continued design work and TVA’s development of potential small modular reactors (SMRs) at its Clinch River site near Oak Ridge, Tenn. The Board, which approved an initial $200 million at its February 2022 board meeting, has now approved $350 million in total for the project. At nearly 60% carbon-free, this investment to build clean generation accelerates TVA’s transition to clean energy to power the region’s growing population and economy.