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Nuclear SMR firm NuScale Power exploring coal to small reactor project in Poland

Nuclear SMR firm NuScale Power exploring coal to small reactor project in Poland

U.S. next-gen nuclear reactor developer NuScale Power has signed a memorandum of understanding with two Polish companies to explore converting coal-fired power plant sites to small modular reactor (SMR) generation facilities in that country. Oregon-based NuScale joined with KGHM Polska Miedź and Piela Business Engineering to plot a path forward on deploying the SMR technology as a coal repurposing solution […]
NuScale gains Ukraine MOU to partner on small nuclear reactor potential

NuScale gains Ukraine MOU to partner on small nuclear reactor potential

Small modular reactor designer NuScale Power has signed a memorandum of understanding with Ukraine’s nuclear operator to develop SMR plants in that nation. Energoatom and NuScale agreed to the MOU to explore deployment of the proposed reactor designs which offer smaller footprints and lower costs than conventional nuclear facilities. NuScale has gained approval for its design in the U.S. Under […]
Xcel Energy, NuScale considering utility to operate future SMR nuclear plants

Xcel Energy, NuScale considering utility to operate future SMR nuclear plants

A developer of the nation’s first small modular reactor (SMR) design approved by federal regulators plans to partner with a utility to operate its next-gen nuclear power plants once built. NuScale Power has signed a memorandum of understanding (MOU) with Xcel Energy to explore feasibility of Xcel serving as its SMR plant operator. Oregon-based NuScale has received U.S. Nuclear Regulatory […]
Feds seeking comment on certifying NuScale SMR design for U.S. next-gen nuclear

Feds seeking comment on certifying NuScale SMR design for U.S. next-gen nuclear

The U.S. Nuclear Regulatory Commission is seeking comments on a propose rule that would certify NuScale Power’s small modular reactor design for use in U.S. projects. The NRC already has given approval to the NuScale design, which focuses on smaller footprint and standardized design elements for nuclear reactors in the 600 MW range. The NuScale SMR would utilize “passive” processes […]
Japanese manufacturer commits $20M to NuScale small nuclear reactor plan

Japanese manufacturer commits $20M to NuScale small nuclear reactor plan

Small modular reactor (SMR) designer NuScale Power is receiving investment support from a second Japanese firm in the past two months. Engineering and construction firm Fluor Corp., which has been a primary investor with NuScale Power for several years, announced a $20 million investment from IHI Corp. of Japan. The initial funding may be followed by an equal amount later, […]
NuScale Power seeking capital as it plans commercialization of SMR nuclear

NuScale Power seeking capital as it plans commercialization of SMR nuclear

Small modular reactor developer NuScale Power is exploring the next level of financing needed to accelerate commercialization of its next-gen nuclear technology. Oregon-based NuScale has retained Guggenheim Securities as its advisor on attracting capital to help it commercialize deployment of its SMR offering. The U.S. Nuclear Regulatory Commission has approved the NuScale design. “We are incredibly excited by the opportunities […]
Japanese EPC firm takes $40M stake in nuclear SMR developer NuScale Power

Japanese EPC firm takes $40M stake in nuclear SMR developer NuScale Power

A Japanese energy project engineering, procurement and construction (EPC) contractor is the latest industry firm making a major investment in a nuclear small modular reactor (SMR) firm. Majority investor Fluor Corp. announced Monday that JGC Holdings Corp. invested $40 million in NuScale Power LLC. NuScale is a SMR developer which already is reachintg U.S. federal regulatory approval to move forward […]
Fluor, NuScale providing SMR nuclear services for Carbon-Free Power Project

Fluor, NuScale providing SMR nuclear services for Carbon-Free Power Project

U.S. engineering, procurement and construction firm Fluor will provide its services for Utah Associated Municipal Power Systems’ Carbon-Free Power Project. Texas-based Fluor was awarded a contract for estimating, development, design and engineering services on the project actually located in Idaho. The project includes plans for nuclear energy featuring NuScale’s small modular reactor design. Fluor and NuScale Power have been partners […]
Fluor joins with Sargent & Lundy on design for NuScale’s nuclear SMR plants

Fluor joins with Sargent & Lundy on design for NuScale’s nuclear SMR plants

Two major energy engineering, procurement and construction (EPC) firms will collaborate on marketing and design services for future nuclear small modular reactor (SMR) power plants in North America. Fluor Corp. and Sargent & Lundy reached an agreement on working together for execution of new NuScale Power projects. Oregon-based NuScale has already received federal approvals moving it closer to actual market […]
NuScale, Fluor nuclear SMR pilot project plan gains $1.3B boost from DOE

NuScale, Fluor nuclear SMR pilot project plan gains $1.3B boost from DOE

The U.S. Department of Energy has awarded up to $1.3 billion in funding to help move an Idaho small modular nuclear reactor (SMR) project closer to reality. DOE awarded the Carbon-Free Project, which will include wholesale energy provider Utah Associated Municipal Systems (UAMPS), to develop NuScale Power’s first prospective SMR site. NuScale recently received final U.S. Nuclear Regulatory Commission staff […]

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