NuScale Wins U.S. DOE Funding for Its SMR Technology
NuScale’s continued strides has garnered recognition by, and partnerships with, esteemed entities in the nuclear energy field. One of which is the Department of Energy.
In 2013, NuScale Power was selected as the sole winner of the second round of the Department of Energy’s (DOE) competitively-bid, $226 million, five-year, financial assistance award to develop nuclear SMR technology, and subsequently in 2015, the DOE awarded a $16.6 million award to NuScale Power for the preparation of a combined Construction and Operating License Application (COLA) for NuScale’s first customer, the Utah Associated Municipal Power Systems’ (UAMPS) Carbon Free Power Project (CFPP). Work under this award continues.
In 2018, in a sign of continued support, the U.S. Department of Energy’s Office of Nuclear Energy awarded NuScale $40 million in cost-sharing financial assistance under its “U.S. Industry Opportunities for Advanced Nuclear Technology Development” funding opportunity. The federal award supports early-stage research and development and the industry’s acceleration of these technologies to promote U.S. energy independence, energy dominance, electricity grid resiliency, national security, and clean baseload power.
As part of the Carbon Free Power Project, UAMPS will site a NuScale 12-module reference plant in Idaho that is expected to be fully operational by 2027. UAMPS has selected a preferred location at the Idaho National Laboratory through a site-use agreement with the DOE.
UAMPS is a political subdivision of the State of Utah that provides comprehensive wholesale electric-energy, transmission, and other energy services, on a non-profit basis, to community-owned power systems throughout the Intermountain West. Its 46 members include public power utilities in six states: Utah, California, Idaho, Nevada, New Mexico, and Wyoming. The CFPP plant will offer immediate advantages to UAMPS members through safe, carbon-free energy which will replace retiring coal generating assets. The project will provide high-quality jobs and economic development to the region. It will demonstrate the operation and benefits of SMR technology and will also act as a catalyst for subsequent SMR projects throughout the West.