Companies to pursue small modular nuclear reactor development

NuScale Power LLC, and NuHub, an economic development initiative in Columbia, S.C., said they will work together to pursue a small modular reactor project (SMR) at the Savannah River Site in South Carolina.

The team’s proposal will integrate one or more utilities to assist NuScale in its Design Certification process with the Nuclear Regulatory Commission (NRC) and development of the Reference Construction and Operating Licensing Application (R-COLA).

As part of this agreement, NuScale said it will support efforts by NuHub to use this opportunity as a vehicle for economic development in the Columbia region and throughout South Carolina. NuHub will participate in NuScale’s application for an award under the Department of Energy’s (DOE) $452 million cost sharing program for Small Modular Reactor Licensing Technical Support.

“South Carolina already receives much of its electricity from nuclear power plants. The state and the Savannah River Site are ideally suited for development of a NuScale SMR,” said Paul Lorenzini, chief executive officer and president of NuScale Power.

In March, NuScale, the Savannah River Site and Savannah River National Laboratory signed a Memorandum of Agreement to collaborate on the potential deployment of a nuclear power plant using NuScale’s technology at the site.

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