NuScale Power announced today that Rolls-Royce has invested in NuScale’s bid to commercialize small modular reactor (SMR) nuclear technology globally and are playing a key role in NuScale’s submission to the Department of Energy’s (DOE) funding opportunity to bring its scalable, SMR reactor to market by 2025. The deal makes Rolls-Royce a partner with NuScale’s primary investor, Fluor Corp (NYSE: FLR).
NuScale is the only U.S.-based company established solely for the deployment and commercialization of its SMR technology. Using light water reactor (LWR) technology with 45 MW capacity, the NuScale Power Module is cooled by natural circulation, is entirely self-contained and installed underwater and underground. A NuScale power plant can include as many as 12 NuScale Power Modules to produce as much as 540 MW.
NuScale was the first US-based SMR vendor to begin discussions with the U.S. Nuclear Regulatory Commission (NRC) when it was issued an NRC project number in April 2008. The company has been engaged in NRC pre-application discussions since that time. NuScale’s application in response to the DOE funding competition details its approach to achieve a U.S. NRC Certification in a timeframe that would support commercial operation by 2024.
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