11:07 AM EST, 01/17/2025 (MT Newswires) -- American Electric Power ( AEP ) said Friday it is seeking grants from the US Department of Energy to support the Early Site Permit process for two potential Small Modular Reactor sites in Indiana and Virginia.

The company said it is seeking $50 million through a grant funding collaboration with the Tennessee Valley Authority and GE Hitachi Nuclear Energy to initiate the early stages of small modular reactor development at its Rockport Plant site.

The applications were submitted under the Department of Energy's Generation III+ Small Modular Reactor Program that is offering up to $900 million in grants.

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