NuScale Power

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 […]

Maria Korsnick, president and CEO of the Nuclear Energy Institute (NEI), the policy organization of the nuclear technologies industry, suggested a bipartisan majority in Congress recognizes the importance of nuclear energy and has supported the industry with unprecedented levels of funding. As an example, Korsnick pointed to the Bipartisan Infrastructure Law, which provided a $6 […]

Standard Power, a provider of infrastructure as a service to advanced data processing companies, has chosen NuScale Power’s small modular reactor (SMR) technology to power two facilities it plans to develop—one in Ohio and the other in Pennsylvania. ENTRA1 Energy, an independent global energy development and production company, will support Standard Power’s two projects. “We […]

Six nuclear designs will advance to the next phase of the UK’s Small Modular Reactor (SMR) competition, a fast-track measure that could result in a government contract within the next 10 months as part of a strategy to deliver operational SMRs by the mid-2030s. EDF, GE-Hitachi Nuclear Energy (GEH), Holtec Britain, NuScale Power, Rolls Royce SMR, […]

Contracts include important design and future fabrication activities, critical to NuScale’s small modular reactor (SMR) technology delivery PORTLAND, Ore. – NuScale Power, LLC (NuScale) announced today it has awarded two new contracts to Framatome to design fuel handling equipment and fuel storage racks for NuScale’s VOYGR™ SMR power plant. This marks a critical supply chain […]

NuScale joins energy buyers, energy suppliers, governments, investors and other organizations in committing to decarbonizing global electricity systems PORTLAND, Ore.–(BUSINESS WIRE)– NuScale Power Corporation (NYSE: SMR) has joined the United Nations (UN) 24/7 Carbon-free Energy Compact (CEC) to advance the UN’s goal of accelerating the decarbonization of the world’s electricity systems to mitigate climate change and ensure access […]

Agreement to explore how NuScale’s innovative technology can benefit Estonia’s carbon-free energy goals PORTLAND, Ore. – NuScale Power (NuScale) announced today that it has signed a memorandum of understanding (MOU) with Fermi Energia, an Estonian energy company that is looking to adopt clean energy power sources to meet the country’s ambitious climate goals. Under the […]

Poland’s push for nuclear power could include repurposing of coal-fired power plants with small modular reactor (SMR) technology from NuScale Power. NuScale on Sept. 23 announced it had signed a memorandum of understanding (MOU) with two Polish companies, KGHM Polska Miedź S.A. (KGHM), and Piela Business Engineering (PBE), to explore how NuScale’s technology could be […]

Highly Integrated Protection System (HIPS) serves as a protection system architecture for NuScale Power plants, core to its safety instrumentation and control system. PORTLAND, Ore. – NuScale Power announced today that it has selected Rock Creek Innovations (RCI) to perform the final design work for its Highly Integrated Protection System (HIPS) platform. The HIPS platform […]

A British company announced it is joining with U.S.-based NuScale Power to develop a hybrid project using wind energy and small modular reactor (SMR) technology to produce power and green hydrogen. Shearwater Energy, a global energy services company, on Jan. 15 said it and NuScale have signed a memorandum of understanding (MOU) to collaborate on […]

The past year has been filled with firsts for the nuclear power industry. Three power plants sporting first-of-a-kind reactors entered commercial operation, while the first U.S. AP1000 nuclear project reached key milestones on its path to completion. Furthermore, the U.S. Nuclear Regulatory Commission (NRC) granted the first early site permit for a utility to construct […]

NuScale Power, Rolls-Royce, and China National Nuclear Corp. (CNNC)—three companies working on different small modular reactor (SMR) technology—recently announced positive developments for their respective designs. NRC Makes Progress on NuScale Design Review Portland, Oregon-based NuScale said on July 22 that the U.S. Nuclear Regulatory Commission (NRC) completed the second and third phases of its SMR […]

NuScale successfully demonstrates approach that allows its SMR to be safe without need for electrical power WASHINGTON, D.C. – The U.S. Nuclear Regulatory Commission (NRC) has concluded that application of NuScale Power’s novel safety design approach eliminates the need for class 1E power for its small modular reactor (SMR). Class 1E is the regulatory standard set […]

Advanced nuclear technology brought to fruition could produce electricity at an average levelized cost of electricity (LCOE) roughly 40% lower than conventional pressurized water reactors, according to a July 25 study by the Energy Innovation Reform Project and Energy Options Network (EON). “At these costs, nuclear would be effectively competitive with any other option for […]

Westinghouse Electric wants the UK to partner in the deployment of its small modular reactor (SMR) technology.  The Toshiba Corp. group on Oct. 20 submitted an unsolicited proposal that outlines a ““shared design and development model” under which Westinghouse would contribute its small modular reactor conceptual design and then partner with UK government and industry […]