NuScale

NuScale Power and Prodigy Clean Energy, a Canadian designer of small modular reactor (SMR) marine power stations, have completed the conceptual design and economic assessment phases of a potential “marine-deployed” NuScale Power module (NPM) nuclear power plant. Building on an August 2018 memorandum of understanding (MoU) in which the companies set out to investigate the […]

May 07, 2021 06:52 AM Eastern Daylight Time IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) announced today that NuScale Power, in which Fluor is the majority investor, has retained Guggenheim Securities, LLC, a leading financial advisory and capital markets firm, to explore financing options to accelerate the commercialization of NuScale’s groundbreaking small modular reactor (SMR) technology. Fluor […]

NuScale Power, Fluor Corp., and Utah Associated Municipal Power Systems (UAMPS) have executed a series of major agreements to prepare for licensing of the Carbon Free Power Project (CFPP) at Idaho National Laboratory (INL) in Idaho Falls, effectively driving forward the nation’s first small modular reactor (SMR) plant.  Fluor Corp., the majority investor in NuScale […]

Another small modular reactor (SMR) design is moving closer to commercial operation after achieving a licensing milestone. GE Hitachi Nuclear Energy (GEH), which is designing the BWRX-300 SMR, on Dec. 1 said the U.S. Nuclear Regulatory Commission (NRC) has issued a final safety evaluation report for the first of several licensing topical reports (LTRs) submitted […]

In a breakthrough that could improve the economics of NuScale Power’s small modular reactor (SMR) technology—and reshape a project under development by its first potential customer, the Utah Associated Municipal Power Systems (UAMPS)—the Portland, Oregon-based company on Nov. 10 said it has determined its NuScale Power Module (NPM) can generate 25% more power per module.  […]

At least eight cities have now dropped shares in the Carbon Free Power Project (CFPP), a 720-MWe NuScale Power small modular reactor (SMR) project proposed by Utah Associated Municipal Power Systems (UAMPS). Despite the Department of Energy’s (DOE’s) Oct.16–announced $1.4 billion, 10-year award to fund one-time costs for the first-of-a-kind project, four Utah cities withdrew […]

Buoyed by two major developments last week for prospective customers, NuScale Power is maintaining “strong program momentum” toward commercialization of its small modular reactor (SMR) technology, the company told POWER.  On Oct. 16, the Department of Energy (DOE) approved a $1.355 billion award to fund the Carbon Free Power Project (CFPP), a potential 720-MWe NuScale […]

The Department of Energy (DOE) on Oct. 7 notified Congress that it has chosen recipients for its Advanced Reactor Demonstration Program (ARDP) and will make its selections public “next week.” The ARDP program, which the DOE officially launched on May 14, will essentially focus DOE and non-federal resources (through cost-shared agreements with industry) to enable […]

NuScale Power said the U.S. Nuclear Regulatory Commission (NRC) has completed its Phase 6 review of the Design Certification Application (DCA) of the company’s small modular nuclear reactor (SMR), and said the company’s SMR is the first such reactor to receive NRC approval of its design. NuScale on August 28 announced that with the DCA […]

The Utah Taxpayers Association has urged cities and towns that have subscribed to the Utah Associated Municipal Power Systems (UAMPS) small modular reactor (SMR) project to withdraw from the venture before a Sept. 14 deadline that would lock them into a share of billions of dollars in costs associated with the undertaking. Rusty Cannon, vice […]