NuScale

Agreement could spur new improvements in core design, performance, and levelized electricity cost of NuScale’s small modular reactor PORTLAND, Ore.—Today, NuScale Power and Enfission, LLC, a joint venture of Lightbridge Corporation (NASDAQ: LTBR) and Framatome, announced a memorandum of understanding to explore the use of next generation nuclear fuel technology in NuScale’s small modular reactors. […]

NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing.  On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction […]

The Department of Energy (DOE) is funding a project that would prepare Westinghouse’s 25-MWe eVinci micro-reactor for nuclear demonstration readiness by 2022.  The agency on March 27 said it will provide $12.9 million of the estimated $28.6 million Westinghouse needs for a project to prepare the micro-reactor for a demonstration, including for design, analysis, licensing […]

PORTLAND, Ore. (Jan. 15, 2019) — NuScale Power announced that it has signed a memorandum of understanding (MOU) with the Jordan Atomic Energy Commission (JAEC), to evaluate NuScale’s small module reactor (SMR) nuclear power plant for use in Jordan. The agreement continues to showcase the immense international interest in NuScale’s innovative nuclear technology. JAEC is […]

The U.S. Department of Energy (DOE) wants to use two of 12 modules at the NuScale small modular reactor (SMR) plant that Utah Associated Municipal Power Systems intends to build at the Idaho National Laboratory (INL).  One module will be used strictly for research, development, and demonstration activities under the newly launched Joint Use Modular […]

Nuclear power provides carbon-free electricity for a warming world. But is its use still practical, can it still be economic, is its promise still achievable, and is nuclear a key to combating climate change

WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) Office of Nuclear Energy (NE) today announced a Memorandum of Understanding (MOU) between DOE, Utah Associated Municipal Power Systems (UAMPS), and Battelle Energy Alliance (BEA) to reflect the importance of resilient power generated from small modular reactors (SMRs). Specifically, this MOU highlights the Department’s intent to […]

PORTLAND, Ore. (November 27, 2018) — NuScale Power announced today that it has signed a memorandum of understanding (MOU) with Bruce Power L.P., Canada’s first private nuclear generator, to develop a business case to introduce NuScale’s small modular reactor (SMR) technology to the Canadian market. This latest agreement demonstrates the growing enthusiasm in Canada for […]

PORTLAND, Ore. – NuScale Power is pleased to announce it has signed a memorandum of understanding (MOU) with Ontario Power Generation Inc. (OPG), Ontario’s public electricity generator, who has agreed to support NuScale in its vendor design review (VDR) with the Canadian Nuclear Safety Commission (CNSC), bringing NuScale closer to introducing its ground-breaking small modular […]

Interest in small modular reactors (SMRs) has ramped up of late owing to applications in niche electricity or energy markets where large reactors would not be viable—such as for cogeneration in countries with small grids, remote and off-grid areas, and for nuclear/renewable hybrid projects. Modular attributes may also enable SMRs to target the economics of […]