The US nuclear energy RD&D funding stood at $1.45 billion in 2023. Forecasted data from 2024 to 2028 shows a modest annual increase from $1.46 billion to $1.52 billion, reflecting an average compound annual growth rate (CAGR) of around 0.96%. The year-on-year growth is fairly steady, ranging from 0.68% to 1.34%, signifying stable investment trends in nuclear energy research and development.

Future trends to watch for include:

Potential shifts in government policy favoring renewable energy sources over nuclear development.
Technological advancements that could impact cost-efficiency and safety in nuclear energy.
Expansion of public-private partnerships to spur innovation in nuclear RD&D.
Global competitive pressures that might alter funding priorities within the US.