John Hopkins, President and CEO of NuScale Power, indicated that he and the senior managmeny team "are grateful to the entire NuScale Power team for the strides made in 2023, including the submission of our Standard Design Approval (SDA) application to the U.S Nuclear Regulatory Commission (NRC) for a VOYGR™-6 (6-module) power plant configuration powered by an uprated 250 MWt (77 MWe) module. The NRC officially accepted the SDA last summer with a 24-month review schedule now in place for approval.
The NuScale SMR
Additionally, Doosan Enerbility began production of the long-lead materials associated with our first NuScale Power Modules™, and we completed Front-End Engineering and Design (FEED) Phase 1 work for RoPower. We were also proud to deploy our first two international Energy Exploration (E2) Centers at Politechnica University of Bucharest in Romania and Seoul National University in Korea.
Finally, while NuScale and Utah Associated Municipal Power Systems mutually agreed to terminate the Carbon Free Power Project (CFPP) as it appeared unlikely that the project would meet customer-determined subscription targets, we completed critical work for the CFPP, which will benefit future customers. We advanced NuScale’s technology for deployment, significantly matured our design, substantially grew our supply chain, and completed the development of the first U.S. combined Construction & Operating License Application for an SMR, positioning us far ahead of the competition. There are many positives to build upon as we look to the future.
With the warmer weather now on our doorstep, we are reminded of the renewal and growth that Spring brings in this season of transformation. As NuScale takes steps to transition from research and development to commercialization, here are a few highlights of where we are headed in 2024:
- Manufacturing progress continues with our partners at Doosan Enerbility in the production of materials for our power modules.
- The beginning of RoPower FEED Phase 2 is imminent as we work with our Romanian partners and Fluor colleagues towards deployment in Europe.
- We look forward to the announcement of a definitive agreement between Standard Power and ENTRA1 that will deploy NuScale’s SMR technology. Standard Power plans to develop two SMR-powered data center facilities in Ohio and Pennsylvania that will together produce nearly 2 GW of clean, carbon-free energy.
- Progress continues with our colleagues in Indonesia, and the U.S. Trade and Development Agency (USTDA) on the completion of the SMR deployment feasibility study.
- Conversations are progressing in many parts of the world regarding the potential installation of NuScale Energy Exploration (E2) Centers at universities and businesses in the U.S., Europe and Asia.
As we move forward, we do so with an unwavering focus on excellence, efficiency, and our pledge to advance clean, reliable nuclear power. Together we are building a technology and an organization that is changing the way the world thinks about clean energy.
From all of us at NuScale Power, thank you for continuing this journey with us."
John Hopkins
Managed by I2M Consulting, LLC