Asia

Asia Projects

JAPAN: JGC HOLDINGS CORPORATION (JGC HD)

In April 2021, NuScale 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 and will partner with Fluor on the deployment of NuScale VOYGR™ plants.

NuScale and JGC Signing Ceremony

The announcement signaled the first commercial relationship and investment in NuScale from a Japanese-based company and is indicative of growing Japanese and global interest in NuScale’s groundbreaking 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.”

KAZAKHSTAN: KAZAKHSTAN NUCLEAR POWER PLANTS (KNPP) LLP

Kazakhstan Nuclear Power Plants (KNPP) LLP and NuScale Power have agreed to work together to evaluate NuScale’s ground-breaking technology as a clean energy solution in Kazakhstan.

The two organizations signed a Memorandum of Understanding (MOU) in December 2021 to explore the deployment of NuScale VOYGR™ power plants in Kazakhstan. The agreement advances the rapidly growing global consensus that small modular reactors (SMRs) will play a critical role in delivering safe, reliable, and emissions-free energy.

KNPP specializes in the development of nuclear power plant construction in Kazakhstan. The agreement involves sharing of nuclear and technical expertise between NuScale and KNPP as they examine the value that NuScale’s SMR technology could bring to the country. Under the MOU, NuScale will support KNPP’s evaluation of NuScale’s SMR technology, including nuclear power plant engineering, construction, commissioning, operation and maintenance, and project-specific studies and design work.

KNPP has been actively studying the prospects for further nuclear energy development, and NuScale’s technology continues to prove itself as a best-fit, climate contender. The MOU builds on the existing relationship between NuScale and KNPP, as NuScale previously submitted a Technical and Price Offer (TPO) to KNPP in 2019.

REPUBLIC OF KOREA: DOOSAN ENERBILITY CO., LTD.

In April 2019, NuScale Power and Doosan Enerbility, 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 signing ceremony

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 6-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 5 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.”

In 2021, Doosan completed a fourth investment in NuScale to further solidify their strategic cooperative relationship and support deployment of its ground-breaking SMR technology.

In 2022, Doosan announced through a signed agreement that they will begin production of forging materials for NuScale’s Small Modular Reactors (SMRs) as early as 2022, with expectations for full-scale equipment manufacturing by the latter half of 2023. Specifically, Doosan, a Korean industrials and energy company, will begin production of forging dies for NuScale’s Upper Reactor Pressure Vessel, marking the start of NPM production.

NPM fabrication agreement signing ceremony.

The materials produced are expected to support NuScale’s first commercial deployment of its VOYGR™ power plant for UAMPS' Carbon Free Power Project (CFPP) at the Idaho National Lab (INL). In conjunction with Doosan, U.S.-based suppliers and others, NuScale and the CFPP expect to bring carbon-free, safe, and reliable nuclear energy to UAMPS customers by the end of the decade.

Doosan completed a manufacturability review for the NPM in January 2021, which successfully established the manufacturing sequence and processes for the NPMs. Doosan is now working on NPM component prototype development. With this new agreement, Doosan will begin manufacturing of large forged materials used for NuScale’s SMRs in 2022 and expects to begin full-scale manufacturing of NPMs in the second half of 2023.

“Doosan Enerbility has continuously solidified a strategic cooperative relationship with NuScale Power and has made full preparation for SMR manufacturing,” said Geewon Park, Chairman and Chief Executive Officer of Doosan Enerbility. “The growing market demand for SMRs will also open a door for participation of our subcontractors,” he added.

REPUBLIC OF KOREA: SAMSUNG C&T CORPORATION, DOOSAN ENERBILITY CO., AND GS ENERGY CORPORATION

NuScale has signed an MOU with its partners, Samsung C&T Corporation, Doosan Enerbility Co., and GS Energy Corporation to explore the deployment of NuScale’s VOYGR™ power plants. This is a critical next step in bringing NuScale’s clean energy solution to Asia.

NuScale signing with Republic of Korea partners. 

This MOU builds upon a series of investments made by the three companies (Samsung, Doosan, GS Energy, and ) starting in 2019, and then again in June and July of 2021. As part of the MOU, the industry leaders will explore jointly studying, planning, and developing deployment of VOYGR™ power plants in specific locations where mutually agreed.

NuScale President and Chief Executive John Hopkins called the signing a “significant milestone as we work to provide future customers with zero-carbon, reliable, and affordable energy from NuScale’s SMRs.” He added, “With the help of valued investors, NuScale will launch the global community into a clean energy future within the next decade.”

Along with financial support, Samsung, Doosan, and GS Energy will lend their respective expertise to NuScale Power in areas such as component manufacturing, prior nuclear construction experience, and power plant operation. Doosan is a world-renowned nuclear pressure vessel manufacturer, Samsung is a trusted nuclear power plant contractor, and GS Energy brings more than 20 years of expertise as a power plant operator.