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Small modular reactor developer NuScale Power Corporation has announced measures, including the loss of 154 employees, which it says will save USD50-60 million a year and "better position itself commercially, financially, and strategically".
Oregon-based NuScale Power was involved in the project that was to come online in 2029 and was supposed to replace electricity from coal plants that are closing.
A project to build a first-of-a-kind small modular nuclear reactor power plant has been terminated, a blow to the Biden administration’s clean energy agenda following cancellations last week of two major offshore wind projects. Oregon-based NuScale Power has the only small modular nuclear reactor design certified for use in the United States. For its first project, it was working with a group of Utah utilities to demonstrate a six-module plant at the Idaho National Laboratory. It was a way to launch the commercial development of the new nuclear technology to help transition away from fos...
A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday, another blow to the Biden administration's clean energy agenda following cancellations last week of two major offshore wind projects.
A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday. It is a blow to the Biden administration’s clean energy agenda following cancellations last week