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NuScale Power Launches Redesigned Corporate Website

Highlights SMR Carbon-Free Energy, Advanced Plant Safety, Economies of Scale, and Wide Range of Applications

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Thursday, May 28, 2015 9:00 am PDT

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power LLC announced today that it has launched a newly-redesigned corporate website that highlights the key features of its small modular reactor (SMR) technology. The site, www.nuscalepower.com, offers potential customers and key stakeholders a comprehensive overview of how NuScale is meeting the need for a safe, clean, and economically-viable nuclear solution to the United States’ and world's growing energy demands.

"Over the past two years, our SMR technology has matured to a state that required us to significantly update our website. We feel this new site provides our customers, regulatory officials, employees and investors with an accurate snapshot of where the company stands as of today in the development and commercialization of our design," said Mike McGough, NuScale’s chief commercial officer.

The new website highlights the benefits of NuScale’s SMR design, which is safe, reliable, scalable, carbon-free, and economical, and compares its SMR technology to other current generating technologies such as coal, wind, and solar. The website educates visitors with an easy-to-understand technology overview highlighting the NuScale test programs, the basics of modularized plant construction, and NuScale’s current status with the United States Nuclear Regulatory Commission (NRC).

One of the important features of the new website is an informative section on the design advances of the NuScale SMR. The innovative concept incorporates all of the components for steam generation and heat exchange into a single integrated unit, the NuScale Power ModuleTM (NPM)—using natural forces for operating and cooling, which eliminates the need for many of the large and complex systems required in today’s nuclear plants.

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. 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
Chief Commercial Officer
503-715-2238
mmcgough@nuscalepower.com

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