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NuScale Power

NuScale Power

Company developing modular and scalable small nuclear power systems.

OverviewStructured DataIssuesContributors

Contents

nuscalepower.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Energy industry
Energy industry
Nuclear reactor
Nuclear reactor
Nuclear power
Nuclear power
Nuclear engineering
Nuclear engineering
Technology
Technology
Nuclear technology
Nuclear technology
Nuclear fission
Nuclear fission
Location
Corvallis, Oregon
Corvallis, Oregon
Rockville, Maryland
Rockville, Maryland
Portland, Oregon
Portland, Oregon
Arlington County, Virginia
Arlington County, Virginia
London
London
Charlotte, North Carolina
Charlotte, North Carolina
B2X
B2B
B2B
CEO
‌
John L. Hopkins
Founder
‌
Jose N. Reyes
‌
Paul G. Lorenzini
AngelList URL
angel.co/nuscale-power
Pitchbook URL
pitchbook.com/profiles.../51554-89
Legal Name
NuScale Power, LLC
Parent Organization
Fluor Corporation
Fluor Corporation
Legal classification
Limited liability company
Limited liability company
Number of Employees (Ranges)
201 – 500
Email Address
communications@nuscalepower.com
Phone Number
+19713711592
Full Address
6650 SW Redwood Lane Suite 210 Portland, OR 97224
Investors
Fluor Corporation
Fluor Corporation
CMEA Capital
CMEA Capital
Oregon State University
Oregon State University
Enercon
Enercon
Founded Date
2007
Total Funding Amount (USD)
234,649,900
Latest Funding Round Date
August 3, 2021
Competitors
X-Energy, LLC
X-Energy, LLC
Gen4 Energy
Gen4 Energy
TerraPower
TerraPower
Ultra Safe Nuclear Corporation
Ultra Safe Nuclear Corporation
Horizon Nuclear Power
Horizon Nuclear Power
Exchange
New York Stock Exchange
New York Stock Exchange
CTO
‌
Jose N. Reyes
Latest Funding Type
Private equity
Private equity
Patents Assigned (Count)
65
Wellfound ID
nuscale-power
Country
United States
United States
Headquarters
Portland, Oregon
Portland, Oregon

Other attributes

Company Operating Status
Active
Funding Round Investor
United States Department of Energy
United States Department of Energy
Latest Funding Round Amount (USD)
192,000,000
Ticker Symbol
SMR
Wikidata ID
Q7067710

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

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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Author
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No Further Resources data yet.

References

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