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News releases about NuScale Power, Inc.March 2010"Next generation nuclear plant will be safer, greener, more efficient," asserts NuScale Power executive at energy conference.LONDON, England -- Driven by technological advances, nuclear power entrepreneurs are responding vigorously to the global need for alternatives to coal- and gas-fired plants to meet future energy demand, said John Surina, chief financial officer of NuScale Power. "We used to speak of economies of scale, but a new generation of nuclear power plants will bring economies of small," said Surina. "Small, modular, scalable reactors will be easier to finance, easier to build and can play a major role in the battle against global climate change." Surina is a panelist at the Bloomberg New Energy Finance Summit, March 17-19 at the InterContinantal London Park Lane Hotel. NuScale Power is marketing a small, modular, scalable nuclear power plant. At 45 megawatts each, reactors are self-contained and can be clustered to produce as much energy as needed up to 540 megawatts. Many nuclear plants in operation today produce well over 1,000 megawatts from a single reactor. Such large reactors require large upfront investments. Surina said interest among utilities today is growing in smaller nuclear plants that can be scaled to size and require less transmission infrastructure. The NuScale plant fits that bill. It also differs from its predecessor light water reactors in that it is a passively cooled, meaning it doesn't rely on an elaborate system of pumps to operate safely. Summit web site: www.newenergyfinancesummit.com ### April 2009NuScale Power Adds Senior Energy Industry Executive as CFOCorvallis, OR; NuScale Power, Inc., has named John "Jay" Surina as its Chief Financial Officer. Surina joins NuScale to lead all aspects of the finance function including financial strategy, accounting, forecasting and corporate finance. Surina joins NuScale from Boart Longyear where he was vice president, financial planning and analysis. He was instrumental in the initial public offering of Boart Longyear shares on the Australian exchange in 2007. In that role he co-managed the mining services company's global finance function and led strategic planning and mergers and acquisition work within the finance function. Surina previously held executive positions in energy industry finance, as well as mergers and acquisitions, with Texas Genco, Centrica North America, and Sithe Energies, including large equity and debt financing capital raising, both at the corporate and project levels. He was co-founder and a managing partner of Cornerstone Energy Advisors, an advisory firm focused on the sale and financing of electric generating stations. Surina is a graduate of the U.S. Naval Academy and received his MBA from the Wharton School at the University of Pennsylvania. A former nuclear trained submarine officer, he continues to serve as a Captain in the Naval Reserve Intelligence Program. ### February 2009Los Alamos Labs' Top Engineer Joins NuScale Power as COOCorvallis, OR; Tom Marcille has joined NuScale Power, Inc. as Chief Operating Officer. Tom will lead NuScale efforts to complete the NuScale design and prepare a Design Certification Application to be submitted to the U.S. Nuclear Regulatory Commission by the end of 2010. Marcille joins NuScale from Los Alamos National Laboratory where he was chief engineer for advanced reactors. There his responsibilities included development management, and execution of terrestrial and special purpose reactor programs. Prior to that he spent 20 years as a contributing, managing and principal engineer in GE's advanced and terrestrial BWR business units. "Tom Marcille brings both management and technical depth as well as significant nuclear experience to the NuScale management team," said Paul Lorenzini, Chief Executive Officer. "We are delighted that he shares our vision and are excited about the energy he will bring as we take the NuScale product to market." Marcille said he sees the "NuScale design as disruptive technology." "NuScale offers an innovative way of deploying nuclear power on a large scale," said Marcille. "The technology combined with the top down design approach for licensing and constructability, teamed with Kiewit Power Constructors - a turnkey, NQA-1 constructor engineer - as partner, makes this a truly unique and compelling opportunity." Marcille is the author or co-author of some 20 papers and contributed articles. He is a graduate of the University of Florida with degrees in physics and nuclear engineering. About NuScale - NuScale Power is developing a modular, scalable nuclear power plant. Each NuScale Power module will produce 40 megawatts of electricity, enough for about 40,000 homes. The size and modular design will allow for the complete manufacturing of NuScale modules at facilities in the United States. NuScale is designing its systems to be scalable with multiple modules operating within a single facility. Owners can add generating capacity as needed to meet growth in customer demand. NuScale plants are based on light water reactor technology and operate using natural circulation. The design incorporates passive systems that significantly increase safety. The NuScale design was initially developed at Oregon State University and is being tested at an electrically heated prototype on campus. ### January 2009NuScale Notes Progress Toward Commercialization of Modular, Scalable Nuclear Electric Power PlantJanuary 12, 2009; Corvallis, OR - NuScale Power made major progress in 2008 toward commercialization and Federal certification of its modular, scalable 40 MWe nuclear electric power plant, noted Paul Lorenzini, the company's Chief Executive Officer. "The advances made in 2008 are testament to the team working on the project at NuScale and around the country, as well as the elegance and simplicity of the design," said Lorenzini. NuScale is designing its plants so that all major components are modular with the more complex components manufactured and assembled away from the plant construction site. Modular components include the turbine-generator set and the nuclear steam supply system. "In 2008, NuScale verified that it can manufacture all of the modular components at existing facilities in the United States," said Lorenzini. "Our goal in 2009 is to secure agreements with all of the manufacturers that will fabricate and assemble the modular components for NuScale plants." NuScale initiated the pre-application portion of the Design Certification process with the US Nuclear Regulatory Commission in February 2008. The pre-application process is structured to ensure that new designs are as complete as possible when submitted to the NRC for certification. NuScale had its first meeting with the NRC in July and its second meeting in November. A third meeting is planned for March 2009. NuScale expects to submit its Design Certification application in late 2010. "We are pleased with the interactions NuScale is having with NRC staff and the resources the agency is committing to the process," said Lorenzini. "The fact that NuScale is based on light water technology means that the NRC can review the design using its existing knowledge base and technical codes," he said. "In addition, NuScale has a one-third scale, electrically-heated prototype at Oregon State University. We will use the prototype to perform many of the tests and simulations that the NRC will require for Design Certification." Kiewit Constructors provided substantial design and engineering support to NuScale as part of a Memorandum of Understanding signed in April 2008. "Through our combined efforts we have made significant progress on overall plant design including the major structures and the balance-of-plant that takes steam from the nuclear system and uses it to produce electricity," said Lorenzini. In addition, Kiewit and NuScale are preparing a comprehensive cost estimate for NuScale power plants. "Our goal is to provide customers with the most accurate estimate possible for the cost to build and operate a NuScale power plant," Lorenzini said. "Any estimate will have numerous variables. But we believe we can draw a clearer picture of costs due to the simplicity of the NuScale design and the modular manufacturing process," he said. "Once the integrity and safety of the design is confirmed by the NRC through Design Certification, we believe that NuScale's ability to manufacture the major components in a factory setting in the United States will enhance quality control and make costs more predictable," Lorenzini said. "The ability to ensure the highest levels of quality while effectively managing cost is critical to meeting future power needs of the electric utility industry." Design progress In 2008, NuScale assembled a team of the nuclear industry's leading scientists, engineers and consultants to support the advancement of key elements of its design. "NuScale is attracting the top talent and internationally-recognized experts in nuclear power to help it with design and analysis," said Dr. Jose Reyes, NuScale Chief Technical Officer. "With their support we are making rapid progress in achieving our design and safety analysis milestones." The safety inherent in the passive cooling used in the NuScale's design was confirmed by a panel of leading scientists in July 2008. It determined that the NuScale design eliminates the risk of both large and small loss of coolant accidents. "The panel's preliminary review found that the use of natural circulation and passive cooling during both normal operations and shutdown modes should have a significant affect on improving safety," said Reyes. Milestones ahead for NuScale in 2009 include:
### June 2008Kiewit Contractors Co. joins NuScale Power to
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