12 January 2021
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Agreements announced yesterday between NuScale Power and Utah Associated Municipal Power Systems (UAMPS) to facilitate the development of a project to deploy small modular reactors (SMRs) at the Idaho National Laboratory (INL) could lead to the placement of a first order for NuScale Power Modules in 2022.
How a NuScale plant might look (Image: NuScale)
NuScale Chairman and CEO John Hopkins said: This is the first step in a prudent deployment plan.
The Carbon Free Power Project (CFPP) will be a 720 MWe NuScale power plant, comprising up to 12 NuScale Power Modules, to be located at the US Department of Energy s (DOE) INL site. The latest orders are the result of recently signed agreements to manage and de-risk the project. They include the Development Cost Reimbursement Agreement between UAMPS and NuScale, and the USD1.355 billion multi-year Financial Assistance Award from the DOE to CFPP LLC, which is a wholly-owned subsidiary of UAMPS.
Small modular reactor project gets federal funding but sees some cities leave postregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postregister.com Daily Mail and Mail on Sunday newspapers.
Idaho Falls is poised to become a major center for the development of new nuclear reactors.
The National Reactor Innovation Center, a partnership between the U.S. Department of Energy and private companies to test new nuclear reactors, was created as part of the 2018 Nuclear Energy Innovation Capabilities Act, which was shepherded through Congress by Idaho Sens. Jim Risch and Mike Crapo. In 2019, DOE announced the center will be sited at Idaho National Laboratory.
âThis is a way of planting the flag even deeper here for being the lead place for the development of the nuclear industry, not only in America but in the world,â Risch said at the time.
NuScale Closes Business Agreement with Sarens to Support SMR Deployment and Provide Cash Investment
NuScale Closes Business Agreement with Sarens to Support SMR Deployment and Provide Cash Investment NuScale Power today announced that it has finalized an agreement with Sarens USA to support deployment of its groundbreaking small modular reactor (SMR) and provide a cash investment in NuScale. Sarens USA, the global leader in crane rental services, heavy lifting, and engineered transport, will provide both heavy crane supply for construction as well as engineering, and transportation planning, and will be the key heavy haul provider that gets the NuScale Power Module„¢ from the factory to the first site. As part of the agreement, Sarens will provide a long-term investment in NuScale, signaling a growing commitment from a major global strategic player as an investment partner. NuScales exclusive engineering, procurement, and construction (EPC) contract partner and majority inve
NuScale Closes Business Agreement with Sarens to Support SMR Deployment and Provide Cash Investment businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.