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NuScale Power To Host “NuEx” Exposition

Showcase Development Status and Test Facilities, and Interface with Key Officials Planned

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Thursday, January 29, 2015 5:00 am PST

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power announced today that it will host the first NuScale Exposition (also known as NuEx) on August 20 and 21, 2015 in Corvallis, Oregon. NuEx will provide the opportunity to learn more about the US leader in small module reactor (SMR) development, tour its facilities, talk with senior executives and interface with suppliers, investors and state and federal legislators.

Tours will include the one-third-scale NuScale Integrated System Test (NIST) facility which has been in operation proving the features of the NuScale Power ModuleTM since 2003, the full-scale 12-module NuScale control room simulator, operational since May of 2012, a full-scale mockup of the upper assembly of the NuScale Power Module and a full-scale representation of the nuclear core of the NuScale reactor.

NuScale will also provide “poster session” displays staffed by members of its design, engineering and licensing organizations describing specific details of the NuScale design.

A gala dinner, hosted by NuScale, will be scheduled for the evening of August 20th and will feature some of the finest wines of Oregon.

These are interesting times in the energy market and this event could be oversubscribed. Should you wish to request an invitation to this unique event, email your Full Name, Company Affiliation and Address, and Phone Number to NuEX@nuscalepower.com. Formal invitations and a detailed agenda and schedule of events will be sent by the end of June.

About NuScale:

NuScale Power, LLC is developing a new kind of nuclear plant; a safer, smaller, scalable version of pressurized water reactor technology, designed with natural safety features. Fluor Corporation (NYSE: FLR), a global engineering, procurement and construction company with a 60-year history in commercial nuclear power, is the majority investor in NuScale. As the sole winner of the second round of the U.S. Department of Energy's (DOE) competitively-bid, cost-sharing program to develop nuclear small modular reactor (SMR) technology, NuScale's design offers the benefits of carbon-free nuclear power but takes away the issues presented by the cost of installing large capacity. A nuclear power plant using NuScale's technology is comprised of individual NuScale Power Modules™, each producing 50 megawatts of electricity (gross) with its own factory-built combined containment vessel and reactor vessel, and its own packaged turbine-generator set. A power plant can include as many as 12 NuScale Power Modules to produce as much as 600 MWe, gross (570 net, nominal, after house loads). The reactor coolant is driven by natural circulation and can be shut down safely with no operator action, no AC or DC power, and no external water. NuScale power plants are scalable - additional modules are added as customer demand for electricity increases. NuScale's technology also is ideally suited to supply energy for district heating, desalination and other applications. NuScale is headquartered in Portland, Oregon and has offices in Corvallis, OR; Rockville, MD; Atlanta, GA; Charlotte, NC; and Chattanooga, TN. For more information visit: www.nuscalepower.com.

Contact:

NuScale Power, LLC
Mike McGough, 503-715-2238
Chief Commercial Officer
mmcgough@nuscalepower.com

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