Doosan Heavy Industries and Construction Co., Ltd. (DHIC)
On April 29, 2019, NuScale Power and Doosan Heavy Industries and Construction Co., Ltd. (Doosan) announced a strategic cooperation to support deployment of the NuScale Power Module™ (NPM) worldwide. Doosan and its financial partners provided a cash investment in NuScale as part of this strategic relationship.Doosan is a pre-eminent, world-renowned nuclear pressure vessel manufacturer with substantial experience. It is joining the larger U.S.-led manufacturing team, which includes Sargent & Lundy, to build a portion of the most critical and complex NPM sub assemblies for America’s first NuScale 12-module plant to be sited in Idaho by our first customer, the Utah Associated Municipal Power Systems (UAMPS). The plant is expected to be operational by mid-2029, with the remaining 11 modules to come online for full plant operation by 2030. This strategic cooperation with Doosan will strengthen NuScale’s supply chain and accelerate our ability to deliver advanced nuclear technology quickly to future customers around the world.
“The strategic cooperation between NuScale and Doosan will be a foundation for our win-win collaboration not only in the US but also in the global nuclear markets,” said Mr. Kiyong Na, CEO of Doosan’s Nuclear Business Group. “It will give a boost to the U.S. nuclear industries and Korean nuclear industries, and also contribute to reduction of CO2 worldwide.”
NuScale is delighted to have Doosan join us in our work to deliver the U.S.’s first small modular reactor power plant in just a few years from now.
JGC Holdings Corporation (JGC HD)
On April 5, 2021, NuScale Power announced that it has finalized an investment and strategic partnership agreement with JGC Holdings Corporation (JGC HD), a holding company of the world's leading EPC contractor group companies headquartered in Japan. As part of a commercial relationship with Fluor Corporation – NuScale’s majority investor and EPC partner in the United States – JGC HD provided a $40 million cash investment in NuScale Power and partner with Fluor on the deployment of NuScale Power Plants.
The announcement signaled the first commercial relationship and investment in NuScale Power from a Japanese-based company and is indicative of growing Japanese and global interest in NuScale’s groundbreaking small modular reactor (SMR) technology.
“The JGC Group embraces the goal of ‘Carbon Neutral in 2050’ as committed by the Japanese government last year,” said Tadashi Ishizuka, Representative Director, President and COO of JGC Holdings Corporation. “Our investment in NuScale technology, with its enhanced safety features, will enable JGC to expand our EPC business and deliver a zero carbon resource to the growing demands of the global energy market.”
NuScale Power continues to field growing domestic and international customer interest from those who see the NuScale power plant as a long-term solution for providing reliable, safe, affordable, and operationally flexible carbon-free energy for diverse applications. NuScale has signed and announced agreements with entities in the U.S. and internationally.