NuScale

The Nuclear Regulatory Commission (NRC) has approved NuScale Power’s uprated 77-MWe (250-MWth) small modular reactor (SMR) design, clearing the nuclear technology firm’s second standard design approval (SDA). The development marks a boost for ENTRA1 Energy, NuScale’s exclusive commercialization partner, which is in “various stages of discussions with potential customers” in the U.S. and abroad, the […]

A nuclear power project developer said it has a deal with Google, with the technology company agreeing to commit funding for at least three projects that each would have 600 MW of generation capacity. Elementl Power, founded in 2022 and based in Greer, South Carolina, on May 7 said Google would help the company move toward its goal of bringing more than 10 GW of nuclear power capacity online by 2035.

NuScale Power, among the best-known companies developing small modular reactor (SMR) technology, said it would cut 28% of its workforce as the company looks to save $50 million to $60 million annually. Rumors of job cuts surfaced last week with online news service HuffPost reporting employees were told of the restructuring plan at a meeting […]

Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corp. (NuScale) have mutually agreed to terminate the Carbon Free Power Project (CFPP), a small modular reactor (SMR) project that was planned for construction on Idaho National Laboratory (INL) property near Idaho Falls, Idaho. “Despite significant efforts by both parties to advance the CFPP, it appears […]

PORTLAND, Ore. – NuScale Power Corporation (NuScale or the Company) (NYSE: SMR) today issued the following statement in response to a misleading short-seller report on October 19, 2023 (the Report). The inaccurate and deceptive “research” is riddled with speculative statements with no basis in fact and demonstrates a limited understanding of small modular nuclear reactors […]

The Nuclear Regulatory Commission (NRC) on July 31 accepted a standard design approval (SDA) application for NuScale Power’s VOYGR-6, a plant design that will be featured in the 462-MWe Carbon-Free Power Project (CFPP) proposed at an Idaho National Laboratory (INL) site. The milestone comes on the same day that CFPP submitted a limited work authorization […]

A project to deploy the first NuScale 462-MWe VOYGR-6 nuclear power plant in Romania by 2029 has garnered a $275 million public-private funding commitment from the U.S., Japan, South Korea, and the United Arab Emirates (UAE) as part of a global infrastructure partnership. The Romanian project may be bolstered by an additional $4 billion outlined […]

PORTLAND, Ore. – NuScale Power Corporation (NYSE: SMR) and Nucor Corporation (Nucor) today announced the two companies have signed a Memorandum of Understanding (MOU) to explore co-locating NuScale’s VOYGR™ small modular nuclear reactor (SMR) power plants to provide clean, reliable baseload electricity to Nucor’s scrap-based Electric Arc Furnace (EAF) steel mills. The companies will also […]

Days after Korea Hydro & Nuclear Power (KHNP) announced it would participate in a consortium to develop floating nuclear power plants, the owner and operator of South Korea’s 25 nuclear power plants joined forces with TerraPower to bolster the demonstration and commercialization of Natrium, TerraPower’s sodium-cooled fast reactor integrated energy system. The deals were announced […]

The term “nuclear renaissance” was very popular in the early 2000s. Nuclear power plant operators had substantially improved existing plant performance, and many new plants were being considered around the