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NuScale Expands Supply Chain to Include AREVA Fuel Design and Nuclear Testing Capabilities

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Tuesday, February 17, 2015 5:00 am PST
"AREVA is a world leader in nuclear fuel design and fuel services"

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power announced today that they have entered into an agreement with AREVA for the performance of fuel design, testing and analysis services in support of NuScale’s Design Certification Application using AREVA’s proven HTP™ fuel technology. Also included in the agreement are AREVA’s diverse nuclear testing capabilities. These capabilities include critical heat flux testing, steam generator flow-induced vibration testing, and control rod assembly drop alignment testing, among others.

“AREVA is a world leader in nuclear fuel design and fuel services,” said Dale Atkinson, NuScale’s chief operating officer. “Their capabilities and experience supporting new plant design and testing, and servicing America’s operating nuclear energy fleet will provide significant expertise in fulfilling our design certification requirements.”

“With decades of experience in the American nuclear industry, AREVA remains committed to providing its expertise and services to customers like NuScale Power,” said Craig Ranson, chief operating officer of AREVA Inc. “This supports the advancement of nuclear energy in the U.S. energy mix as a reliable source of low-carbon electricity.”

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.

About AREVA:

AREVA provides its customers with solutions for low-carbon power generation in North America and all over the world. As the leader in nuclear energy and a significant, growing player in the renewable energies sector, AREVA combines U.S. and Canadian leadership, access to worldwide expertise and a proven track record of performance. Sustainable development is a core component of AREVA’s strategy. Its nearly 5,000 U.S. and Canadian employees work every day to make AREVA a responsible industrial player helping to supply ever cleaner, safer and more economical energy to the greatest number of people. AREVA Inc. is headquartered in Charlotte, N.C. Visit us at http://us.areva.com or follow us at Twitter: AREVAus.

Contact:

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

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