NuScale Power

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