NuScale Power

NuScale Power

Company developing modular and scalable small nuclear power systems.

NuScale Power, LLC is a leader in small modular reactor (SMR) innovation. NuScales modular light water reactor aims to supply reliable and abundant carbon-free nuclear energy. It features a fully fabricated NuScale Power Module™ capable of generating 60 MW of electricity using a safer, smaller, scalable version of pressurized water reactor technology. A NuScale power plant houses up to 12 SMRs for a total facility output of up to 720 megawatts.

NuScale has spent more than $800 million on its design—$288 million from the Department of Energy (DOE) and the rest mainly from NuScale's backer, the global engineering and construction firm Fluor. The design is now working its way through licensing with the Nuclear Regulatory Commission (NRC), and the company has lined up a first customer, a utility association that wants to start construction on a plant in Idaho in 2023.

Company

NuScale Power, LLC was officially incorporated in 2007 by founders Jose N. Reyes (CTO) and Paul G. Lorenzini (Former CEO). However, the development of the original reactor concept began in 2000 as a collaborative project between Oregon State University (OSU), the Idaho National Engineering and Environmental Laboratory, and Nexant. The original concept, the “Multi-Application Small Light-Water Reactor” (MASLWR), was refined by OSU and upon conclusion of the 3-year project became the basis for the NuScale design.

Funding

Since October 2011 Fluor Corporation has been NuScale’s majority investor and a key strategic partner for the engineering, procurement and construction services. Several other key strategic partners also providing investment are:

  • Oregon State University (OSU)
  • ARES Corporation
  • Enercon Services (ENERCON)
  • Ultra Electronics
  • Doosan Heavy Industries and Construction Co., Ltd. (DHIC)
  • Sargent & Lundy

Timeline

March 31, 2008

NuScale Power raises a $2,649,900 venture round from CMEA Capital.

Funding rounds

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People

Name
Role
LinkedIn

Carl Britsch

Vice President - Human Resources

Dale Atkinson

Chief Operating Officer and

Chief Nuclear Officer

Diane Hughes

Vice President - Marketing and Communications

John “Jay” Surina

Chief Financial Officer

John L. Hopkins

Chairman & Chief Executive Officer

José N. Reyes, Ph.D.

CTO and Co-founder

Karin Feldman

Vice President - Program Management Office

Ken Langdon

Vice President - Operations and Plant Services

Robert Gamble, Ph.D.

Vice President - Engineering

Scott Bailey

Vice President - Supply Chain

Tom Bergman

Vice President - Regulatory Affairs

Tom Mundy

Chief Commercial Officer

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News

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Daniel Oberhaus
December 13, 2019
Wired
A new generation of reactors will start producing power in the next few years. They're comparatively tiny--and may be key to hitting our climate goals.

References

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