NuScale competes for next round of DOE small modular reactor funding

Source:NuScale Power LLC

Continuing one of the most highly anticipated technology competitions in the nuclear power industry, NuScale Power, LLC,  has announced it is eager to compete for the Department of Energy’s (DOE) Funding Opportunity Announcement (FOA) which was announced March 11, 2013. The FOA outlines a plan to provide investments to private industry to support the design, licensing and manufacturing of Small Modular Reactors (SMRs).

NuScale has developed an innovative technology for building safer, smaller, scalable nuclear power plants. Using proven light water reactor technology, the NuScale Power Module is cooled by natural circulation, entirely self-contained and installed underwater and underground to maximize safety.

“Our design offers the DOE a plant with innovative new safety features and true scalability from 45MW to 540MW — making it adaptable to fit multiple potential applications,” said John Hopkins, NuScale’s chairman and CEO. “This FOA emphasizes the importance of an SMR technology’s ability to withstand severe natural phenomena, such as a Fukushima-type event. Our plant is designed to safely shut down and self-cool indefinitely in such an event, without AC or DC power or additional water requirements.”

The NuScale design was initially developed in 2000 under a DOE-funded research program and demonstrated in a one-third scale electrically heated test facility in Corvallis, OR, starting in 2003.

“Our design has been validated through an extensive testing program for more than a decade,” added Hopkins.

NuScale was the first US-based SMR vendor to begin discussions with the U.S. Nuclear Regulatory Commission and has been engaged in pre-application efforts since 2008.

NuScale Power has the backing and technical assistance of Fluor Corporation (NYSE:FLR), a multi-billion-dollar global engineering firm with more than 60 years in the nuclear new-build market. Fluor has designed, built or provided construction support for 20 nuclear units in the U.S., and provides a full range of procurement and other services to nuclear plant operators worldwide.

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