1. Short title This Act may be cited as the Advanced Nuclear Energy Technologies Act . 2. Advanced nuclear reactor research and development goals (a) In general Subtitle B of title VI of the Energy Policy Act of 2005 ( Public Law 109–58 ; 119 Stat. 782) is amended by adding at the end the following: 640. Advanced nuclear reactor research and development goals (a) Definitions In this section: (1) Advanced Nuclear Reactor The term advanced nuclear reactor means a nuclear fission or fusion reactor, including a prototype plant (as defined in sections 50.2 and 52.1 of title 10, Code of Federal Regulations (or successor regulations)), with significant improvements compared to commercial nuclear reactors under construction as of the date of enactment of this section, including improvements such as— (A) additional inherent safety features; (B) a significantly lower levelized cost of electricity; (C) lower waste yields; (D) improved fuel performance; (E) increased tolerance to loss of fuel cooling; (F) enhanced reliability; (G) increased proliferation resistance; (H) increased thermal efficiency; (I) reduced consumption of cooling water; (J) the ability to integrate into electric applications and nonelectric applications; (K) modular sizes to allow for deployment that corresponds with the demand for electricity; or (L) operational flexibility to respond to changes in demand for electricity and to complement integration with intermittent renewable energy. (2) Demonstration project The term demonstration project means an advanced nuclear reactor operated— (A) as part of the power generation facilities of an electric utility system