NuScale Power Places First Long Lead Material Production Order with Doosan Enerbility
NuScale Power Corporation (NYSE: SMR) announced a significant order with Doosan Enerbility for long lead materials necessary for the production of the NuScale Power Module™, marking a key step towards commercialization. This includes materials for six upper reactor pressure vessels and signifies the transition to manufacturing phase, with expected operations at the Utah Carbon Free Power Project by 2029. The total weight of materials exceeds 2,000 tons. The U.S. Nuclear Regulatory Commission recently certified NuScale's SMR design, reinforcing its market leadership in advanced nuclear technology.
- NuScale placed a significant order with Doosan for materials essential to the production of its SMR technology.
- The U.S. Nuclear Regulatory Commission has certified NuScale's innovative SMR design, enhancing its market position.
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Order includes key materials necessary for NuScale’s clean-energy technology, the NuScale Power Module™, and is a significant step toward commercialization
“Finalizing and submitting this order to our valued partner, Doosan, showcases NuScale’s transition to the manufacturing phase of our modules and highlights our advanced position in the market to deploy our SMR technology to customers by the end of the decade,” said
“The
In preparation for the long lead order, NuScale and Doosan initiated an effort in
In addition to Doosan, NuScale continues to strengthen its supply chain readiness through coordination with its robust list of world-class suppliers and manufacturers in the
About
As the first and only SMR to have its design certified by the
Founded in 2007, NuScale is headquartered in
About Doosan Enerbility
Doosan is a leading Engineering, Procurement and Construction (EPC) contractor offering a wide range of services ranging from the manufacturing of castings and forgings, power generation systems and desalination facilities to the construction of power plants.
Doosan maintains a high quality standard based on extensive experience in manufacturing major components of nuclear power plants. Doosan has an integrated manufacturing facility in Changwon,
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.
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Media Contact
dhughes@nuscalepower.com
(503) 270-9329
Investor Contact
skozak@nuscalepower.com
(541) 452-7583
Doosan Media Contact
jiho.jang@doosan.com
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