- NuScale Power has entered an agreement with JGC Holdings Corporation (JGC HD), located in Japan.
- JGC HD will provide a $40 million investment to enable NuScale to deploy its SMRs.
- NuScale’s SMR design features a fully factory-fabricated Module that can generate 77MW of electricity.
NuScale Power has entered an agreement with JGC Holdings Corporation (JGC HD), located in Japan. JGC HD will provide a $40 million cash investment in NuScale Power and partner with Fluor to deploy NuScale Power Plants.
The announcement is the first between NuScale Power and a Japanese-based company and shows the increasing global interest in NuScale’s groundbreaking small modular reactor (SMR) technology.
NuScale’s SMR design had received approval from the US Nuclear Regulatory Commission in 2020 (the only SMR design yet to do so). NuScale believes it will fully commercialise its SMR technology by the end of this decade. NuScale and Fluor are currently working with the Utah Associated Municipal Power Systems (UAMPS) to launch the first clean energy, carbon-free commercial SMR project.
NuScale Power’s small modular reactor (SMR) design features a fully factory-fabricated Module that can generate 77MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale has also developed a scalable design that can enable power plants can house up to 12 individual power modules increasing capacity.