NuScale Power LLC announced a Memorandum of Understanding (“MOU”) with S.N. Nuclearelectrica S.A. (“Nuclearelectrica”) to conduct engineering studies, technical reviews, and licensing and permitting activities at a site in Doicesti, Romania that is the preferred location for the deployment of the first NuScale VOYGR™ power plant. The announcement, highlighted in advance of a small modular reactor (“SMR”) workshop in Bucharest, Romania hosted by the United States Trade and Development Agency (“USTDA”), is the latest step in NuScale and Nuclearelectrica's partnership to bring advanced nuclear technology to Romania. The announcement is a key advancement of NuScale and Nuclearelectrica's teaming agreement signed last year, under which NuScale and Nuclearelectrica are taking steps toward deploying a first NuScale VOYGR™-6 (6-module), 462 MWe, power plant in Romania.

Romania has the potential to accommodate the first deployment of SMRs in Europe and become a catalyst for SMRs in the region, as well as a base for supporting operatorship of this new technology in other countries. USTDA awarded a grant to Nuclearelectrica in early 2021, for the conduct of a study to identify and assess several sites across Romania, including locations where existing coal-fired power plants could be replaced with SMR plants. The study was performed by U.S. firm Sargent & Lundy, and identified several potential suitable sites, including the Doicesti, Romania site, which Nuclearelectrica has determined to be the preferred location for the first SMR deployment.