NuScale Power Corporation (NYSE: SMR), the industry-leading provider of innovative patented and advanced small modular nuclear reactor (SMR) technology, today announced that by the end of 2022 and as scheduled , placed its first LLM production order for the first Reactor Pressure Vessel (RPV) with Doosan Enerbility (Doosan), a world-class engineering and manufacturing company. world.

The order is for essential materials to begin manufacturing the first NuScale Power Modules that are scheduled to go into commercial operation at the Utah Associated Municipal Power Systems Zero Carbon Energy Project in early 2029. In addition, Completing and shipping this order to our valued partner Doosan demonstrates NuScale's transition to the manufacturing phase of our modules and underscores our advanced market position to deploy our SMR technology to customers before the decade is out,' said John Hopkins, president and CEO of NuScale. ' Our strong relationships with expert partners like Doosan demonstrate NuScale's robust global supply chain and positions us to meet the growing interest in NuScale VOYGR power plants that we are seeing around the world.'

The US Nuclear Regulatory Commission (NRC) recently issued a final rule to certify NuScale's innovative SMR design, testifying to NuScale's status as the leading technology in the global SMR market,' said Jongdoo Kim, director of Doosan Enerbility's Nuclear Business Group. ' Doosan is proud to be part of building a NuScale SMR, delivering zero-carbon clean energy projects to address climate change.'

In preparation for the long-term order, NuScale and Doosan began work in April 2022 to complete manufacturing for the upper RPV dies. Based on this, the new LLM order includes heavy dies, steam generator tubing and brazing materials for six larger RPVs. The total estimated weight of materials for the top six RPVs is over 2,000 tons.

In addition to Doosan, NuScale continues to strengthen its supply chain by coordinating its robust roster of world-class suppliers and manufacturers in the US and abroad.

About NuScale Power

NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of innovative nuclear technology of advanced and patented small modular reactors with a mission to help drive the global energy transition through safe, scalable, reliable, zero-emissions power. carbon. The company's innovative VOYGR SMR power plants are powered by the NuScale Power Module, a small, safe pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts of thermal (gross), and can be scaled to meet customer needs through a variety of flexible configurations up to 924 MWe (12 modules) of performance.

With the first and only SMR whose design is certified by the US Nuclear Regulatory Commission, NuScale is well positioned to serve diverse customers around the world supplying nuclear power for electricity generation, space heating, district, desalination, commercial scale hydrogen production and other process heat applications.

About Doosan Energy

Doosan is a leading Engineering, Procurement and Construction (EPC) contractor, offering a wide range of services from mold and die manufacturing, power generation systems and desalination sites to power plant construction. electrical.

Doosan maintains high quality based on extensive experience in manufacturing major components of nuclear power plant. Doosan has an integrated manufacturing facility in Changwon, Korea, which is capable of producing raw materials through final assembly of nuclear components. Doosan has manufactured and supplied 34 reactor vessels and 124 steam generators globally.

forward-looking statements

This release may contain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate', 'plan', 'project', 'foresee', 'intend', 'will', 'hope', 'anticipate', 'believe', 'seek', 'aim' or other similar expressions that predict or indicate events or trends future or are not statements of historical fact. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution should be exercised when relying on these and other forward-looking statements. Due to known and unknown risks, NuScale's results may differ materially from your expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be taken as representative of NuScale's valuations at any date after the date of this release. Accordingly, undue reliance should not be placed on forward-looking statements.

Contact:

Tel: (503) 270-9329

Email: dhughes@nuscalepower.com

(C) 2023 Electronic News Publishing, source ENP Newswire