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NuScale Power Completes Fourth Energy Exploration (E2) Center at Idaho State University

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NuScale Power LLC has launched its fourth Energy Exploration (E2) Center in partnership with Idaho State University in Pocatello, ID. Named the Reactor Control Room & Simulator Lab, this facility will provide hands-on nuclear science education, using a simulator for NuScale's VOYGR™ SMR technology. This initiative supports the commercial deployment of the VOYGR power plant for the Carbon Free Power Project in Idaho Falls. Additionally, NuScale's educational outreach aims to boost community engagement and understanding of advanced nuclear technology.

Positive
  • Opening of the fourth NuScale Energy Exploration Center enhances educational opportunities in nuclear science.
  • The center utilizes advanced simulators for practical learning on SMR technology.
  • Supports ongoing commercialization efforts for the VOYGR power plant, indicating growth potential.
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  • None.

In partnership with the Idaho State University, control room simulator to offer hands-on nuclear science and engineering learning opportunities

PORTLAND, Ore.--(BUSINESS WIRE)-- Today, NuScale Power LLC (NuScale) proudly announced the opening of the fourth NuScale Energy Exploration (E2) Center in collaboration with Idaho State University in Pocatello, ID. The E2 Center, to be called the Reactor Control Room & Simulator Lab, will give students of the university’s College of Technology the opportunity to learn about the innovative features and functionality unique to NuScale’s small modular reactor (SMR) technology.

The Reactor Control Room & Simulator Lab will offer users an exciting hands-on learning opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios. The lab uses state-of-the-art computer modeling within a simulator of the NuScale VOYGR™ SMR power plant control room, allowing users to take on the role of “control room operator” at a NuScale VOYGR-12 plant. It will also provide a means to conduct outreach to the community through demonstrations, tours, and education for community leaders, K-12 students, and interested citizens.

The launch of the newest E2 center comes as NuScale continues to prepare for the commercial deployment of a VOYGR power plant for the Utah Associated Municipal Power Systems’ Carbon Free Power Project at the Idaho National Laboratory in nearby Idaho Falls.

This is the fourth E2 Center NuScale has unveiled with university partners. The first E2 Center opened at Oregon State University in November 2020, followed by a second at the University of Idaho at the Center for Advanced Energy Studies (CAES) in August 2021. The third center is located at Texas A&M’s Engineering Experiment Station and opened in November 2021. Plans are also under way for the first international E2 Center in collaboration with the U.S. and Romanian governments at the University Politehnica of Bucharest, highlighting the rapidly growing global support for NuScale’s SMR technology as the premier clean energy solution around the world.

The first U.S. E2 Centers are supported by a 2019 U.S. Department of Energy grant to broaden the understanding of advanced nuclear technology in a control room setting and provide students, researchers, operators, and members of the public opportunities to engage in science, technology, engineering, and math (STEM) research and education.

Learn more about the E2 Center on NuScale’s website here.

About NuScale Power

NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.

Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.

Forward Looking Statements

This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing NuScale’s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Diane Hughes, Vice President, Marketing & Communications, NuScale Power

dhughes@nuscalepower.com

(C) (503) 270-9329

Source: NuScale Power

FAQ

What is the purpose of NuScale's Reactor Control Room & Simulator Lab?

The lab aims to provide hands-on learning in nuclear science and engineering, focusing on NuScale's small modular reactor (SMR) technology.

Where is NuScale's fourth E2 Center located?

It is located at Idaho State University in Pocatello, ID.

How does the new E2 Center impact NuScale Power's future initiatives?

The center supports NuScale's commercial initiatives by enhancing education and community engagement related to the VOYGR power plant.

What significance does the E2 Center have for the local community?

It engages the community through demonstrations and education on advanced nuclear technology.

What is the stock symbol for NuScale Power?

The stock symbol for NuScale Power is SMR.

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