NuScale Launches Newly Revamped Company Website Highlighting SMR Technology

NuScale Launches Newly Revamped Company Website Highlighting SMR Technology

Thursday, March 7, 2013 5:28 pm PST
"As part of our of strategy to establish a mechanism to reach out to our key constituents, we feel this new site provides our customers, regulatory officials, employees and investors with a snapshot of where the company stands in the development and commercialization of our SMR design"

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power LLC announced today that it has launched a newly redesigned and revamped 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, simple and economically viable nuclear solution to the United States’ and world's growing energy demands.

“As part of our of strategy to establish a mechanism to reach out to our key constituents, we feel this new site provides our customers, regulatory officials, employees and investors with a snapshot of where the company stands in the development and commercialization of our SMR design,” said Mike McGough, NuScale’s chief commercial officer. “I encourage everyone to visit the newly revamped website so they can learn more about our ground-breaking design of safe and secure SMR technology.”

Visitors to the new website can better understand the benefits of NuScale’s SMR design, which is safe, simple, economical and scalable. The site features high-resolution renderings of the SMR plant design, reactor module and a cross-section of a typical SMR plant. In addition, the website educates users on various steps associated with the nuclear regulatory licensing process. The company's first-of-its-kind SMR control room simulator is also highlighted.

One of the key aspects of the new website is an informative section on the safety features of the innovative SMR design. The NuScale plant design uses natural forces for operating and cooling the plant, which eliminates the need for many of the large and complex systems required in today’s nuclear plants.

NuScale is currently pursuing a federal grant from the U.S. Department of Energy to help it gain regulatory approval for the SMR technology.

About NuScale Power LLC

NuScale Power LLC is developing an inherently safe, modular, scalable commercial nuclear power technology. 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 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 nuclear power modules; each produces 45 megawatts of electricity with its own combined containment vessel and reactor system, and its own designated turbine-generator set. A power plant can include as many as 12 NuScale integral PWR modules to produce as much as 540 megawatts. The reactors are cooled by the natural convection of water and can be shut down safely without pumps or other mechanical systems. 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. For more information visit: www.nuscalepower.com.

Contact:

NuScale Power LLC
Mike McGough, 503-715-2238