NuScale

DOE study finds hundreds of U.S. coal plants could convert to nuclear

A new U.S. Department of Energy (DOE) study found hundreds of coal power plant sites could convert to nuclear, dramatically increasing dispatchable, carbon-free energy as the country strives to meet its net-zero emissions goal by 2050.

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NuScale and private asset manager Habboush Group are forming a strategic alliance to advance the deployment of NuScale small modular reactor (SMR) projects.

The U.S. Nuclear Regulatory Commission (NRC) has told staff to issue a final rule certifying NuScale’s small modular reactor (SMR) design for use in the U.S.

New Projects – Nuclear

NuScale Power and Doosan have reached an agreement for Doosan to begin producing materials for NuScale’s small modular reactors (SMRs) in 2022.

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Steelmaker Nucor committed to a $15 million private investment in public equity (PIPE) that will aid NuScale Power’s efforts to commercialize its small modular nuclear reactor technology. The PIPE is targeted at the business combination between NuScale and Spring Valley Acquisition Corp., and increases the total PIPE commitment for the transaction to $236 million. Nucor is one of the largest

Japan NuScale Innovation, LLC (JNI) and Japan Bank for International Corporation (JBIC) purchased $110 million in NuScale Power equity from Fluor Corporation.

Xcel Energy could become operator of SMR plant

Xcel Energy and project developer Utah Associated Municipal Power Systems (UAMPS) agreed to terms outlining a process, roles and next steps to be taken if Xcel …

Wisconsin co-op to explore adding small modular nuclear reactor to generation mix

NuScale Power and Dairyland Power Cooperative signed a memorandum of understanding (MOU) to evaluate the potential deployment of NuScale’s small modular react…

New Projects – Nuclear

“Too late, too expensive, too risky and too uncertain” is how a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) described Nu…

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NuScale Power and Spring Valley Acquisition Corp., a publicly traded special purpose acquisition company, reached a merger agreement with an estimated enterpris…