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NuScale Power, LLC Announces Change to Business Development Team

Wednesday, February 15, 2017 6:15 am PST

PORTLAND, OR -- NuScale Power, LLC announced today that effective today, Tom Mundy, who has been running NuScale’s operations in the United Kingdom, will become NuScale’s Chief Commercial Officer and will lead NuScale’s global business development efforts. This will include overseeing all sales, marketing, and communications functions for the U.S. and abroad. Mike McGough, who has served in this role, will be turning over his responsibilities to Tom and performing special assignments at the direction of NuScale's CEO, John Hopkins.

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 - 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. NuScale's design offers the benefits of carbon-free nuclear power and reduces the financial commitments associated with giga-watt size nuclear facilities. NuScale's technology is also ideally suited to supply energy for district heating, desalination, and process heat applications.

At the heart of our technology is the fully factory fabricated NuScale Power Module™, an integral reactor vessel surrounded by a high pressure steel containment, which when coupled to its factory fabricated power generation equipment can produce 50 megawatts of electricity. A NuScale power plant can house up to 12 of these modules for a total facility output of 600 megawatts (gross). The scalability afforded by the modular design allows customers to incrementally increase facility output to match demand. The NuScale Power Module™ is premised on well-established nuclear technology principles with a focus on integration of components, simplification or elimination of systems, and use of passive safety features resulting in highly reliable operation underpinned by an extremely strong safety case and unparalleled asset protection, making it suitable to be sited at locations closer to where electricity or process heat are needed.

NuScale is headquartered in Portland, Oregon and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. For more information visit: www.nuscalepower.com or follow us on Twitter: @NuScale_Power. 

Media Contact: 

Jeff Billington
(202) 466-6615 direct
(202) 906-9166 mobile
jbillington@pcgpr.com

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