Over 230 Attend NuScale Power’s “NuEx” – NuScale Exposition

Over 230 Attend NuScale Power’s “NuEx” – NuScale Exposition

Speakers and Facility Tours Showcase Safe, Reliable, Carbon-free, Baseload Technology

Tuesday, August 25, 2015 5:00 am PDT

Public Company Information:

"And based on the feedback we received, I think we accomplished those goals."

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power hosted over 230 attendees at its NuScale Exposition (also known as NuEx) on August 20 and 21, 2015, in Corvallis, Oregon.

A notable list of speakers, including government officials, industry representatives, and non-governmental organizations, emphasized the important environmental and economic benefits of NuScale’s baseload, carbon-free SMR technology.

“Washington State would save half a billion dollars by utilizing assets we currently have,” stated Washington State Senator Sharon Brown. “And small modular reactors are not your grandpa’s nuclear. They are emerging technologies built on existing designs. New nuclear is smaller, safer, and carbon-free.”

NuEx attendees were provided with a rare look into NuScale’s test facilities, including the one-third-scale NuScale Integrated System Test (NIST) facility, which has been in operation proving the features of the NuScale Power ModuleTM since 2003; the 12-module, NuScale control room simulator, operational since May of 2012; and a full-scale mockup of the upper assembly of the NuScale Power Module. Other exhibits that were on display at the event included a full-scale representation of the nuclear core of the NuScale reactor and a full-scale replica of a nuclear fuel assembly.

“Our intent was to have all of our guests leave NuEx with a thorough understanding of NuScale’s SMR technology and share in our excitement that the NuScale Power Module will play a unique and vital role in the next generation of carbon-free, baseload electricity,” stated Mike McGough, NuScale’s Chief Commercial Officer. “And based on the feedback we received, I think we accomplished those goals.”

NuScale provided “poster session” displays staffed by members of its design, engineering and licensing organizations describing specific details of the NuScale design and development status. Several of NuScale’s key supply chain members also participated in the event.

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 supply. 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; and Charlotte, NC. For more information visit: www.nuscalepower.com.

Multimedia Files:

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Washington State Senator Sharon Brown tours NuScale’s Upper Module Mock-up with NuScale Chief Commercial Officer Mike McGough during last week’s NuScale Exposition in Corvallis, OR. The full-scale mockup (with accurately sized and located components) of the upper 1/3 of the NuScale Power Module will give NuScale’s engineers important insights into the inspection and maintenance activities that are essential to plant operation. (Photo: Business Wire)
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NuEx attendees tour world’s first Small Modular Reactor (SMR) Control Room Simulator located at NuScale Power’s Corvallis office. The simulator serves as a virtual nuclear power plant control room that allows NuScale to evaluate different approaches to the design and operation of a power plant using its technology. (Photo: Business Wire)
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NuScale Power, LLC
Mike McGough
Chief Commercial Officer