A top executive of NuScale, the first company to work with federal regulators on a new generation of nuclear power, recently talked with Axios about the technology's future.

Driving the news: Oregon-based NuScale is expecting a key technical review to be complete by year’s end and final design approval from the government by the second half of next year. If all goes as planned, it aims to be operating by 2026 a new kind of reactor that’s far smaller than today’s technology.

Read highlights of an interview with Thomas Mundy, NuScale’s chief commercial officer:

Axios: What’s the biggest challenge your company faces?

“Right now it’s going head to head internationally against state-supported technology companies, basically Russia and China. We’re a small commercial enterprise, we’re not a state-owned entity. We don’t have financial backing like what those companies have and going head to head and being able to offer competitive financing package presents a challenge for us.”

Axios: NuScale’s first customer for its electricity is set to be the Utah Associated Municipal Power Systems, which is part of the Utah state government that provides energy to the Intermountain West. Are you worried the group may opt for natural gas, which is plentiful and often cheaper?

"That’s always a possibility. … We have been able to demonstrate we can be competitive with natural gas generation and therefore they [the Utah municipal power systems] are moving down that path, siting examination, preparing their license applications, doing all the things and moving toward construction.”

Axios: NuScale, which adapts current reactor technology to a smaller and more advanced degree, has received around $300 million in funding from the federal government. How important is government support to your technology?

"It’s very significant. Not just for our program, but all [advanced reactor] technology. It’s the infusion of financial support through those [government] awards that enables us to get to the market a whole lot sooner had we not received that financial support.”

Go deeper: Bill Gates faces ‘daunting’ nuclear energy future

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Senate to vote on Amy Coney Barrett's confirmation on Oct. 26

Senate Majority Leader Mitch McConnell in the Capitol on Oct. 20. Photo: Stefani Reynolds/Getty Images

The Senate will vote to confirm Judge Amy Coney Barrett to the Supreme Court next Monday, Oct. 26, Majority Leader Mitch McConnell (R-Ky.) announced Tuesday.

The big picture: The Senate Judiciary Committee will vote this Thursday to advance Barrett's nomination to the full Senate floor. Democrats have acknowledged that there's nothing procedurally they can do to stop Barrett's confirmation, which will take place just one week out from Election Day.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Meadows confirms Trump's tweets "declassifying" Russia documents were false

Photo: Tom Williams-Pool/Getty Images

White House Chief of Staff Mark Meadows confirmed in court on Tuesday that President Trump's tweets authorizing the disclosure of documents related to the Russia investigation and Hillary Clinton's emails "were not self-executing declassification orders," after a federal judge demanded that Trump be asked about his intentions.

Why it matters: BuzzFeed News reporter Jason Leopold cited the tweets in an emergency motion seeking to gain access to special counsel Robert Mueller's unredacted report as part of a Freedom of Information Act request. This is the first time Trump himself has indicated, according to Meadows, that his tweets are not official directives.