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Rensselaer Polytechnic Institute Opens NuScale Power Energy Exploration Center

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NuScale Power (NYSE: SMR) announced the opening of an Energy Exploration (E2) Center at Rensselaer Polytechnic Institute (RPI) in Troy, New York. The center features a 12-module control room simulator providing hands-on training for students in nuclear power plant operations.

The facility, co-funded by the U.S. Department of Energy's Nuclear Energy University Programs (NEUP), will allow engineering students to experience simulated real-world nuclear power plant scenarios and learn about advanced small modular reactor (SMR) technology. The center will also serve as an educational hub for community outreach, offering demonstrations and tours for local leaders and K-12 students.

This marks NuScale's eighth E2 Center globally, joining locations at universities including Oregon State University, Texas A&M, Idaho State University, University Politechnica Romania, Seoul National University, Ohio State University, and Ghana Atomic Energy Commission.

NuScale Power (NYSE: SMR) ha annunciato l'apertura di un Centro di Esplorazione Energetica (E2) presso il Rensselaer Polytechnic Institute (RPI) a Troy, New York. Il centro dispone di un simulatore di sala di controllo con 12 moduli che offre formazione pratica agli studenti sulle operazioni delle centrali nucleari.

La struttura, cofinanziata dai Programmi Universitari di Energia Nucleare (NEUP) del Dipartimento dell'Energia degli Stati Uniti, permetterà agli studenti di ingegneria di vivere esperienze simulate di scenari reali in centrali nucleari e di apprendere la tecnologia avanzata dei reattori modulari piccoli (SMR). Il centro servirà anche come hub educativo per il coinvolgimento della comunità, offrendo dimostrazioni e visite per i leader locali e gli studenti delle scuole K-12.

Questo segna l'ottavo Centro E2 di NuScale a livello globale, unendosi a sedi in università tra cui l'Oregon State University, il Texas A&M, l'Idaho State University, l'Università Politecnica della Romania, la Seoul National University, l'Ohio State University e la Ghana Atomic Energy Commission.

NuScale Power (NYSE: SMR) anunció la apertura de un Centro de Exploración Energética (E2) en el Rensselaer Polytechnic Institute (RPI) en Troy, Nueva York. El centro cuenta con un simulador de sala de control de 12 módulos que proporciona capacitación práctica a los estudiantes en las operaciones de plantas de energía nuclear.

La instalación, cofinanciada por los Programas Universitarios de Energía Nuclear (NEUP) del Departamento de Energía de EE. UU., permitirá a los estudiantes de ingeniería experimentar escenarios simulados del mundo real en plantas de energía nuclear y aprender sobre la tecnología avanzada de reactores modulares pequeños (SMR). El centro también servirá como un centro educativo para el alcance comunitario, ofreciendo demostraciones y visitas para líderes locales y estudiantes de K-12.

Esto marca el octavo Centro E2 de NuScale a nivel mundial, uniéndose a ubicaciones en universidades como la Oregon State University, Texas A&M, Idaho State University, Universidad Politécnica de Rumanía, Universidad Nacional de Seúl, Ohio State University y la Comisión de Energía Atómica de Ghana.

NuScale Power (NYSE: SMR)는 뉴욕 주 트로이에 위치한 렌슬리어 폴리테크닉 연구소 (RPI)에서 에너지 탐사(E2) 센터 개소를 발표했습니다. 이 센터는 12개 모듈의 제어실 시뮬레이터를 갖추고 있어 학생들에게 원자력 발전소 운영에 대한 실습 교육을 제공합니다.

이 시설은 미국 에너지부의 원자력 에너지 대학 프로그램(NEUP)의 공동 자금 지원을 받아 공학 학생들이 실제 원자력 발전소 시나리오를 시뮬레이션하고 고급 소형 모듈 원자로(SMR) 기술에 대해 배울 수 있도록 합니다. 이 센터는 지역 사회와의 연결을 위한 교육 중심지로도 기능하며, 지역 리더와 K-12 학생들을 위한 시연 및 투어를 제공합니다.

이로써 NuScale의 E2 센터는 전 세계적으로 8번째로, 오리건 주립대학교, 텍사스 A&M, 아이다호 주립대학교, 루마니아 폴리테크닉 대학교, 서울대학교, 오하이오 주립대학교, 가나 원자력 에너지 위원회와 같은 대학에 위치한 센터와 함께하게 됩니다.

NuScale Power (NYSE: SMR) a annoncé l'ouverture d'un Centre d'Exploration Énergétique (E2) au Rensselaer Polytechnic Institute (RPI) à Troy, New York. Le centre dispose d'un simulateur de salle de contrôle à 12 modules offrant une formation pratique aux étudiants sur les opérations des centrales nucléaires.

Cette installation, cofinancée par les Programmes Universitaires d'Énergie Nucléaire (NEUP) du Département de l'Énergie des États-Unis, permettra aux étudiants en ingénierie de vivre des scénarios simulés de centrales nucléaires du monde réel et d'apprendre sur la technologie avancée des petits réacteurs modulaires (SMR). Le centre servira également de pôle éducatif pour l'engagement communautaire, proposant des démonstrations et des visites pour les dirigeants locaux et les étudiants de K-12.

Ceci marque le huitième Centre E2 de NuScale à l'échelle mondiale, rejoignant des emplacements dans des universités telles que l'Oregon State University, Texas A&M, Idaho State University, l'Université Politehnica de Roumanie, l'Université Nationale de Séoul, l'Ohio State University et la Commission de l'Énergie Atomique du Ghana.

NuScale Power (NYSE: SMR) hat die Eröffnung eines Energie-Explorationszentrums (E2) am Rensselaer Polytechnic Institute (RPI) in Troy, New York, angekündigt. Das Zentrum verfügt über einen 12-Modul-Kontrollraum-Simulator, der praktische Schulungen für Studenten im Betrieb von Kernkraftwerken bietet.

Die Einrichtung, die mitfinanziert wird von den Programmen für Kernenergie an Universitäten (NEUP) des US-Energieministeriums, ermöglicht es Ingenieurstudenten, simulierte realistische Szenarien von Kernkraftwerken zu erleben und über fortschrittliche kleine modulare Reaktortechnologie (SMR) zu lernen. Das Zentrum wird auch als Bildungszentrum für die Öffentlichkeitsarbeit dienen und Demonstrationen sowie Führungen für lokale Führungskräfte und K-12-Studenten anbieten.

Dies ist das achte E2-Zentrum von NuScale weltweit und reiht sich ein in Standorte an Universitäten wie der Oregon State University, Texas A&M, Idaho State University, der Politehnica Universität Rumänien, der Seoul National University, der Ohio State University und der Ghana Atomic Energy Commission.

Positive
  • Educational partnership expansion strengthens NuScale's position in training future nuclear workforce
  • Government funding support through DOE grant demonstrates federal backing
  • Strategic global presence through eight E2 Centers enhances market penetration
Negative
  • No direct revenue generation from educational centers
  • Significant investment required for simulator technology and center operations

Center to educate students on the importance of advanced nuclear technology with hands-on learning opportunities

Will allow students to practice simulated power plant operation scenarios, paving the way for the next generation of energy experts

CORVALLIS, Ore.--(BUSINESS WIRE)-- NuScale Power Corporation (NuScale or the Company) (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the opening of an Energy Exploration (E2) Center™ at Rensselaer Polytechnic Institute (RPI) in Troy, New York. The cutting-edge training center will provide students from RPI’s School of Engineering with the opportunity to gain a deeper, first-hand understanding of advanced nuclear technology and the important role it will play in the global energy transition, as well as the features and functionality unique to NuScale’s particular SMR technology.

NuScale E2 Centers are innovative learning environments that offer a hands-on opportunity to experience simulated, real-world nuclear power plant operation scenarios. Using state-of-the-art computer modeling within a 12-module control room simulator, the E2 Center will allow users at RPI to assume the role of control room operator, providing the chance to apply nuclear science and engineering principles and gain real-life experience. The E2 Center will also facilitate community education on the benefits of nuclear power through demonstrations and tours for local leaders, K-12 students and the broader public.

“We are proud to join with the faculty and students at RPI to open this NuScale E2 Center aimed at showcasing the importance of nuclear energy,” said John Hopkins, NuScale President and Chief Executive Officer. “We hope that this learning facility will foster collaborative problem-solving and creative solutions that inspire future energy pioneers and equip a nuclear-ready workforce.”

“Having a high-quality simulator on campus will provide our students with exciting learning opportunities in the design, operation, and control of modern, small modular reactors,” said Shekhar Garde, Ph.D., dean of the RPI School of Engineering. “This capability adds to the growing strength of RPI’s School of Engineering in augmented, virtual, and digital technologies for education, where students can learn about everything from atoms to galaxies, and work on designing new drugs, airplanes, and, now, nuclear reactors.”

The E2 Center at RPI was co-funded by a grant from the U.S. Department of Energy’s Nuclear Energy University Programs (NEUP).

To date, NuScale has unveiled eight E2 Centers with university partners, including RPI, Oregon State University (Corvallis, Ore.), Texas A&M University (College Station, Tex.), Idaho State University (Pocatello, Idaho), University Politechnica (Bucharest, Romania), Seoul National University (Seoul, South Korea), The Ohio State University (Columbus, Ohio), and Ghana Atomic Energy Commission (Accra,Ghana). Learn more about NuScale E2 Centers here.

About NuScale Power

Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The Company’s groundbreaking SMR technology is powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.

As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.

To learn more, visit NuScale Power’s website or follow us on LinkedIn, Facebook, Instagram, X and YouTube.

Forward-Looking Statements

This release contains forward-looking statements (including without limitation statements "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, including for NuScale’s E2 Centers, the role of advanced nuclear technology in energy transition, and NuScale’s positioning to serve customers, capital deployment, future growth, new awards, backlog, earnings and the outlook for the Company’s business.

Actual results may differ materially as a result of a number of factors, including, among other things, the Company’s liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections.

Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the “SEC”), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements” and “Summary of Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@nuscalepower.com. The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.

Media contact

Chuck Goodnight, Vice President, Business Development

media@nuscalepower.com

Investor contact

Rodney McMahan, Senior Director, Investor Relations

ir@nuscalepower.com

Source: NuScale Power

FAQ

What is the purpose of NuScale's new E2 Center at RPI?

The E2 Center provides hands-on training for engineering students through a 12-module control room simulator, allowing them to experience real-world nuclear power plant operations and learn about SMR technology.

How many E2 Centers has NuScale Power (SMR) established worldwide?

NuScale Power has established eight E2 Centers globally, with locations across the United States and international partners in Romania, South Korea, and Ghana.

Who funded the NuScale (SMR) E2 Center at Rensselaer Polytechnic Institute?

The E2 Center at RPI was co-funded by a grant from the U.S. Department of Energy's Nuclear Energy University Programs (NEUP).

What training capabilities does the NuScale (SMR) E2 Center offer at RPI?

The center offers state-of-the-art computer modeling with a 12-module control room simulator where users can assume the role of control room operator and apply nuclear science principles.
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