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U.S. Nuclear Regulatory Commission to Commence Technical Review of NuScale Power’s Second Standard Design Approval Application
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NuScale Power Corporation (NYSE: SMR) announced that the U.S. Nuclear Regulatory Commission (NRC) has commenced the technical review of its second Standard Design Approval (SDA) application for its VOYGRTM-6 power plant, submitted in late 2022. The design includes an uprated 250 MWt (77 MWe) SMR based on previously approved safety features. President John Hopkins emphasized the importance of this review in achieving commercialization of their SMR technology, which aims to provide affordable and carbon-free energy. The company has positioned itself as a leader in advanced small modular reactor technology.
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NRC review of the second SDA application signifies progress towards regulatory approval.
The design incorporates previously approved safety features, enhancing reliability.
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PORTLAND, Ore.--(BUSINESS WIRE)--
Today, the U.S. Nuclear Regulatory Commission (NRC) announced that it will begin the technical review of NuScale Power Corporation’s (NYSE: SMR) second Standard Design Approval (SDA) application. NuScale, the industry-leading provider of innovative advanced nuclear small modular nuclear reactor (SMR) technology, submitted the application in late 2022, which is based on the VOYGRTM-6 (6-module) power plant configuration powered by an uprated 250 MWt (77 MWe) SMR design. The design reflected in this application features the same fundamental safety case and passive safety features approved by the NRC in 2020, with a focus on the power uprate and select design changes to support customers’ capacity needs and further improve economics.
“The commencement of the NRC’s review brings us closer to another important regulatory milestone and the commercialization our SMR technology, which will provide affordable, carbon-free power to our customers,” said John Hopkins, President and Chief Executive Officer of NuScale. “We look forward to working alongside the NRC toward the achievement of our second design approval.”
About NuScale Power
NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor 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 VOYGR™ SMR plants are 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, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.
Media Contact
Diane Hughes, Vice President, Marketing & Communications, NuScale Power dhughes@nuscalepower.com
(503) 270-9329
Investor Contact
Scott Kozak, Director, Investor Relations, NuScale Power skozak@nuscalepower.com
(541) 452-7583
Source: NuScale Power
FAQ
What is the significance of the NRC's review for NuScale Power (NYSE: SMR)?
The NRC's review is a critical milestone that could lead to the approval of NuScale's second Standard Design Approval application, facilitating the commercialization of their advanced SMR technology.
When did NuScale submit their second SDA application?
NuScale submitted the second Standard Design Approval application in late 2022.
What is the power capacity of NuScale's VOYGR<sup>TM</sup>-6 design?
The VOYGRTM-6 design features an uprated capacity of 250 MWt (77 MWe).
What does NuScale intend to achieve with their SMR technology?
NuScale aims to provide affordable, carbon-free energy through the commercialization of their advanced small modular reactor technology.
