NuScale Selects U.S. Company for Design & Manufacturing of Key Power Plant Component

Contract for engineering work on Reactor Building Crane brings
NuScale closer to manufacturing the first U.S. SMR

PORTLAND, Ore.–(BUSINESS WIRE)–Today, NuScale Power announced that it has selected Minnesota-based PaR
Systems, LLC to begin engineering work for the manufacturing of its
Reactor Building Crane (RBC), an important element of NuScale’s
innovative nuclear plant design. The decision follows an intensive
selection process involving several major U.S. nuclear crane suppliers.
NuScale selected the best company to partner with for developing
technology capable of producing the precision movements necessary to
meet NuScale’s design requirements.

The RBC is a key component of the NuScale reactor building that houses
the NuScale Power Modules™. PaR Systems will perform the design,
engineering and subsequent precision movement testing for NuScale’s RBC.
This announcement continues to demonstrate NuScale’s preparation for its
first operational plant in Idaho by the mid-2020s.

“When making this important decision, NuScale knew it was necessary to
find both an experienced nuclear crane supplier and a true industry
leader in remote handling of critical equipment,” said Dale Atkinson,
Chief Operating Officer and Chief Nuclear Officer. “That’s why we’re
pleased to begin work with the experts at PaR Systems, who have over 57
years of experience in the field.”

PaR Systems will start work in 2018 and is expected to continue the
first phase of design work through 2019. NuScale intends to contract for
the remaining design phases, initial design and design for manufacturing
in 2019 and fabrication at a later date. PaR Systems is a leading
supplier of material handling systems to both the U.S. government and
commercial nuclear power industry. PaR’s headquarters and primary design
team are located in Shoreview, MN, and has manufacturing capabilities in
both Minnesota and Brunswick, GA.

“As an American company, we’re proud to support NuScale’s historic
efforts to introduce the first U.S. SMR power plant,” said Jon Sakry,
President for PaR Handling Solutions. “PaR Systems is a sophisticated
robotic automation company that knows how to build nuclear cranes. We
look forward to combining our decades of experience with NuScale’s
nuclear expertise to engineer a crane that matches the rigorous needs of
NuScale’s technology.”

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
scheduled to complete its review of NuScale’s design certification
application in September 2020.

About NuScale Power

NuScale Power is developing a new modular light water reactor nuclear
power plant to supply energy for electrical generation and process heat
applications including district heating and desalination. 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.

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About PaR Systems, LLC

PaR Systems, a portfolio company of the Pohlad family’s operating
companies (http://www.pohladcompanies.com/),
is a world leader in providing advanced intelligent solutions for
critical material handling, automation, and robotic applications that
drive customer quality, safety, and productivity. Since 1961, PaR has
created fully integrated systems, which are often first-of-a-kind
manufacturing solutions, for a broad range of industries including
aerospace, hazardous material/nuclear, life science and process
automation, marine/defense, heavy material handling, and industrial. PaR
Systems is headquartered in Minnesota, USA and has engineering and
manufacturing centres of excellence around the globe. For more
information on PaR Systems, please visit www.par.com.

Contacts

Diane Hughes, NuScale Vice President, Marketing & Communications
dhughes@nuscalepower.com
(C)
503-270-9329