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NuScale Power Applauds Ford Government’s Commitment to Resumption of Planning Activities for New Nuclear Development

·3 min read

NuScale Power extends sincere congratulations to Ontario Power Generation (OPG) and the Government of Ontario for today’s leadership and commitment to resume planning activities for future nuclear power generation development at the Darlington site and for the integration of Small Modular Reactors (SMRs) as part of Ontario’s clean energy future.

Today’s important announcement builds upon the historic 50-year legacy of nuclear energy in the Durham Region and ensures nuclear power remains a cornerstone of Ontario’s energy supply mix for many decades to come. This is excellent news for the Durham Region and the Province, as it looks to further leverage its well-established and renowned nuclear expertise, skilled workforce, and robust supply chain that spans Ontario to continue to benefit all Ontarians.

Ontario and Canada’s commitment to SMR development and advancing the technology’s myriad applications is commendable. NuScale feels strongly that our proven and U.S. Nuclear Regulatory Commission (NRC) approved, recognized, and reliable technology is well-suited to deliver the appropriate SMR product for Ontario’s electricity customers – on-time and on-budget.

Just this week, NuScale announced that, through further value engineering efforts using advanced testing and modeling tools, the NuScale Power Module™ - the heart of NuScale’s industry leading SMR technology - can generate 25 percent more power per module, and that new options for smaller power plant solutions in four-module (about 308 MWe) and six-module (about 462 MWe) sizes are both practical and economic.

These scaled power plant configurations are exceptional fits for OPG’s SMR objectives announced today at Darlington, and we very much look forward to presenting a comprehensive business case to OPG for their consideration and evaluation. NuScale is proud to work with OPG through their participation on NuScale’s Advisory Board, and by way of their advice and counsel to NuScale regarding the Canadian nuclear regulatory regime, by way of our mutual Memorandum of Understanding (MOU) established in 2018.

Again, NuScale commends and welcomes the strong commitment to SMR development as demonstrated by Ontario and OPG today, and we look forward to continuing our constructive work with them to support this important objective.

About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This ground-breaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—a power plant can house up to 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.

NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201113005712/en/

Contacts

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
dhughes@nuscalepower.com
(C) (503)-270-9329