NuScale Power has signed a second Memorandum of Understanding with Canadian commercial marine nuclear power developer Prodigy Clean Energy to support business opportunities for a marine-deployed nuclear power plant using the NuScale small modular reactor.
Executive Summary The Biden Administration’s Nationally Determined Contribution submission to the United Nations climate agreement calls for all carbon emissions to be removed from electricity generation by 2035. Democratic leadership of the House Energy and Commerce Committee has introduced the CLEAN Future Act, which includes the same goal and thus serves as a model for […]
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NuScale Power secures investment, support for SMR deployment from IHI
NuScale Power finalized an investment agreement with IHI, a comprehensive heavy-industry engineering and manufacturing company headquartered in Japan. As part of a commercial relationship with NuScale, IHI will provide cash investment in NuScale Power. The IHI-NuScale relationship results in IHI becoming a strategic supplier for NuScale Plants, whereby IHI will be a preferred supplier of certain manufactured components for NuScale Plants globally.
The announcement signals the second commercial relationship and investment in NuScale Power from a Japanese-based company, following the recent agreement with JGC Holdings Corporation, and is indicative of growing Japanese and global interest in NuScale’s groundbreaking small modular reactor (SMR) technology, the company said.
Fluor announces $20 Million IHI Corporation investment in NuScale Power
IRVING, 2 days ago Fluor Corporation has announced that IHI Corporation (IHI) of Japan is investing $20 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor. IHI’s immediate investment of $20 million may be followed by another $20 million later. In addition to IHI’s ownership interest, IHI will become a global manufacturing partner and have the opportunity to provide design services and heavy manufacturing of the steel plate reinforced concrete wall structures for NuScale SMR projects in which Fluor has the lead role.