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A computer-generated image of a NuScale SMR nuclear power plant. Courtesy NuScale. South Korea’s Doosan Heavy Industries and Construction has signed an agreement with US-based NuScale Power to invest an additional $60m to continue to support deployment of NuScale’s small modular reactor.

The investment follows a $44m investment in NuScale Power in 2019, for a total investment of $104m.

The two companies have also agreed to expand cooperation to hydrogen production and desalination using SMRs.

The first project in which Doosan and NuScale Power will cooperate is expected to be the development and construction of NuScale SMRs at the Department of Energy’s 2,300 sq km site in eastern Idaho that includes the Idaho National Laboratory.

The US Nuclear Regulatory Commission last year approved NuScale’s application for the SMRs, the first time US officials approved a design for a small commercial nuclear reactor.

Utah Associated Municipal Power Systems (UAMPS), the Utah cooperative for which the plants are being built, is scheduled to submit a construction licence application in 2023, and is aiming to start commercial operation of the first module in 2029.

NuScale’s SMR has a maximum of 12 modules of 77 MW each. After building its first unit in the US, NuScale Power plans to sell the technology in North America, Europe and Asia.

Date: Wednesday, 21 July 2021
Original article: nucnet.org/news/south-korea-s-doosan-announces-additional-usd60m-investment-in-nuscale-power-7-2-2021