From the CEO's Desk
In August 2020, NuScale made history with the first ever small modular reactor (SMR) to receive U.S. Nuclear Regulatory Commission design approval—signaling to the world that NuScale is truly the U.S. leader in the race to bring SMRs to market. However, we did not and could not have achieved this milestone alone. It came about due to the relentless dedication of the entire NuScale team, the NRC, the U.S. Department of Energy (DOE), and the efforts and support of countless others to make this extraordinary moment a reality. With NRC approval in hand, commercialization of our groundbreaking SMR technology on the horizon. We are proud to share more on the details of this remarkable achievement in this issue’s Program Development Update. I am also pleased to share that on October 16th, the DOE awarded a new multiyear cost-share to the Utah Associated Municipal Power Systems (UAMPS) for their Carbon Free Power Project (CFPP) that will demonstrate and deploy the first NuScale SMR power plant in the U.S. NuScale is appreciative of the DOE’s approval of this award to UAMPS and of the U.S. Congress’ ongoing support of the CFPP.
As transformation of the U.S. power sector continues in tandem with climate change, cities, states and companies are demonstrating strong commitments to supplying carbon-free electricity to meet clean energy goals while simultaneously dealing with coal power plant retirements. In this issue’s Featured Topic, we discuss how our scalable, safe, and flexible SMR nuclear power plants are a carbon-free solution to repurpose coal power plant infrastructure, retain and retrain the coal plant workforce, and create continued economic prosperity for regional economies. In our Collaboration Spotlight, we discuss the launch of the inaugural NuScale Energy Exploration Center at Oregon State University—the birthplace of NuScale Power where Co-founder and Chief Technology Officer Dr. José Reyes first worked on the idea for our small modular reactor (SMR), the NuScale Power Module™.
These seasonal newsletters inevitably prompt me to reflect and consider lessons learned while continuing to look to the future. Most of all, I value this communication as a means for staying in touch with the NuScale community. We are incredibly honored to have you with us on this once in a lifetime journey and remain ever grateful for your support. Here’s to the future of energy!
Chairman and CEO of NuScale Power