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NuScale Power Hosts Advisory Board Meeting In Charlotte

Highlights DCA Status And Manufacturing Updates

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Wednesday, August 3, 2016 5:00 am PDT
"These tri-annual meetings with our advisory board members are extremely important"

PORTLAND, Ore.--(BUSINESS WIRE)--16 representatives from 13 utilities met with NuScale Power in Charlotte, N.C. last week for the small modular reactor developer’s tri-annual NuScale Advisory Board (NuAB) meeting.

NuAB is currently comprised of 26 member companies including the owners and operators of nearly two-thirds of the U.S. operating fleet of commercial nuclear power plants. Highlights of the meeting included updates on the Design Certification Application (DCA) Project, the Utah Associated Municipal Power Systems (UAMPS) Carbon-Free Power Project (CFPP) 12-month plan, and the NuScale Power Module (NPM) manufacturability activities.

“These tri-annual meetings with our advisory board members are extremely important,” stated Mike McGough, NuScale’s Chief Commercial Officer. “They have allowed participating utilities to provide guidance regarding their expectations and needs for the NuScale offering from a technical, licensing and commercial perspective. They also receive status updates on the design, development, testing and licensing plans. This meeting was particularly important as we finalize our DCA for submittal to the Nuclear Regulatory Commission by year’s end.”

About NuScale Power, LLC

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; a technology initially developed and tested at Oregon State University. 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 is the only SMR developer currently receiving DOE financial support. NuScale's design offers the benefits of carbon-free nuclear power and reduces the financial commitments and risks associated with 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 system uses simple properties of physics: convection, conduction and gravity, to drive the flow of coolant in the reactor. In the case of a loss of all off-site power to the plant, the NuScale Power Module shuts itself down and self‐cools for an unlimited period of time, with no operator action required, no need for additional water, and no AC nor DC power. 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; Charlotte, NC; and Richland, WA. For more information visit: www.nuscalepower.com or follow us on Twitter: @NuScale_Power.

Contact:

NuScale Power, LLC
Mike McGough, 971-371-1608
Chief Commercial Officer
mmcgough@nuscalepower.com

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