America’s First SMR Makes Pivotal Advancement with Selection of Manufacturer
Selection marks transition to manufacturing phase and represents
major progress in bringing NuScale’s advanced nuclear technology to
market
PORTLAND, Ore.–(BUSINESS WIRE)–NuScale Power selects Virginia-based BWX Technologies, Inc. (BWXT) to
start the engineering work to manufacture NuScale’s small modular
reactor (SMR). The decision follows a rigorous 18-month selection
process, with expressed interest from 83 companies based in 10
countries, to determine the best company to refine NuScale’s design for
manufacturability, assembly, and transportability – the first phase in
bringing NuScale’s pioneering design to life. NuScale’s technology is
the world’s first and only SMR to undergo Design Certification review by
the U.S. Nuclear Regulatory Commission and is the country’s frontrunner
to compete in the global SMR race, a market estimated by
the Nuclear Energy Agency to be more than $100 billion by 2035.
“BWXT’s established industry experience was important for us, and so was
choosing an American company,” said John Hopkins, NuScale Power
President and Chief Executive Officer. “Our technology will bring
immense economic prosperity for people here at home, while improving the
quality of life for those all across the world by providing resilient,
carbon-free electricity.”
BWXT will immediately start work on this first manufacturing phase of
NuScale’s SMR, which we expect will continue through June 2020. NuScale
will contract for the remaining two phases, preparation for fabrication
then fabrication, at a later date. BWXT is a leading supplier of nuclear
components and fuel to both the U.S. government and commercial nuclear
power industry. It expects to use Pennsylvania-based Precision Custom
Components as a component manufacturing contractor on this project.
“Innovation is a core value at BWXT, and that’s why we are incredibly
proud to be selected as a manufacturer for NuScale’s revolutionary
technology,” said Rex Geveden, BWXT President and Chief Executive
Officer. “NuScale’s unique SMR design can be factory-made and offers
scalable power based on need. We are excited to work with NuScale to
help make their groundbreaking design a reality.”
NuScale is competing with other countries, including Russia and China,
in the global commercialization of SMRs. According to the U.S.
Department of Commerce, every $1 billion of exports by U.S. companies
represents at least 5,000 jobs. The sale of NuScale SMRs would have a
significant impact to both the American economy and manufacturing jobs
market.
The U.S. Nuclear Regulatory Commission is scheduled to approve NuScale’s
Design Certification application in September 2020. NuScale’s first
customer, Utah Associated Municipal Power Systems, is on track to deploy
the country’s first SMR plant in the mid-2020s.
About NuScale Power
NuScale Power is developing a new modular light water reactor nuclear
power plant to supply energy for electrical generation, district
heating, desalination, and process heat applications. This
groundbreaking small modular reactor (SMR) design features a fully
factory-fabricated NuScale Power Module™ capable of generating 60 MW of
electricity using a safer, smaller, and scalable version of pressurized
water reactor technology. NuScale’s scalable design – a power plant can
house up to 12 individual power modules – offers the benefits of
carbon-free energy and reduces the financial commitments associated with
gigawatt-sized nuclear facilities.
The majority investor in NuScale is Fluor Corporation, a global
engineering, procurement, and construction company with a 60-year
history in commercial nuclear power.
NuScale is headquartered in Portland, Oregon and has offices in
Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.;
Arlington, Va.; and London, UK. Follow us on Twitter: @NuScale_Power,
Facebook: NuScale
Power, LLC, and Instagram: nuscale_power.
NuScale has a new logo, brand, and website.
Watch the short video.
Contacts
NuScale Power
Mariam Nabizad, 971-470-2791
Communications
Director
mnabizad@nuscalepower.com
