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30 news articles found
Reporting its fourth quarter and full year results for 2023, US-based NuScale Power said progress continued toward “commercialisation of small modular reactor (SMR) technology to meet consumer demand for safe, reliable, 24/7 and carbon-free baseload energy”.
- Source: NEI Magazine
- Date: Wednesday, 20 March 2024
- Original article: neimagazine.com/news/newsnuscales-2023-financial-results-11612567
The Nuclear Energy Agency (NEA) has published the second edition of its Small Modular Reactor Dashboard which tracks the progress of selected small modular reactor (SMR) designs towards deployment. NEA says the SMR designs are at various stages of development, from fundamental research on new concepts to commercial deployment and operation of mature designs.
- Source: NEI Magazine
- Date: Saturday, 02 March 2024
- Original article: neimagazine.com/news/newsnea-launches-second-edition-of-its-small-modular-reactor-dashboard-11561305
US-based NuScale is laying off 28% of its workforce in a decision taken at a virtual all-hands meeting. A NuScale statment confirmed the details of the layoffs. NuScale’s stock price subsequently fell by more than 8% as investors sold off shares.
- Source: NEI Magazine
- Date: Wednesday, 10 January 2024
- Original article: neimagazine.com/news/newsnuscale-lays-off-almost-half-its-workforce-11422870
A recent statement from Fitch Ratings casts doubt on any new nuclear construction in the US in the immediate future. Similar concerns were voiced during discussions at a full committee hearing of the Senate Committee on Energy & Natural Resources to Examine Opportunities and Challenges Associated with Advanced Nuclear Reactor Commercialisation.
- Source: NEI Magazine
- Date: Wednesday, 06 December 2023
- Original article: neimagazine.com/news/newsgrowing-uncertainty-in-us-regarding-economics-of-new-nuclear-11347683
US-based NuScale Power Corporation has opened the first privately-funded NuScale Energy Exploration Centre (E2 Centre) in Asia at Seoul National University (SNU) in partnership with GS Energy Corporation, Doosan Enerbility, and Samsung C&T Corporation. It will be used as a development tool for South Korea to develop the next generation of advanced nuclear experts, technologists, and operators. NuScale said this will position South Korea to become a regional leader of small modular reactor (SMR) deployment in Asia.
- Source: NEI Magazine
- Date: Saturday, 18 November 2023
- Original article: neimagazine.com/news/newsseoul-national-university-opens-nuscale-power-energy-exploration-centre-11306219
Utah Associated Municipal Power Systems (UAMPS) and Oregon-based NuScale Power have mutually agreed to terminate the Carbon Free Power Project (CFPP). The project envisaged construction of six small modular reactors (SMRs) at the US Department of Energy's (DOE’s) Idaho National Laboratory (INL). “Despite significant efforts by both parties to advance the CFPP, it appears unlikely that the project will have enough subscription to continue toward deployment.” A joint statement said. “Therefore, UAMPS and NuScale have mutually determined that ending the project is the most prudent decision for both parties.”
- Source: NEI Magazine
- Date: Wednesday, 15 November 2023
- Original article: neimagazine.com/news/newsuamps-and-nuscale-cancel-plans-to-build-smrs-at-inl-11297083
Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporation have mutually agreed to terminate the Carbon Free Power Project (CFPP). The project to build NuScale small modular reactor units at a site near Idaho Falls had been pencilled in for operation by 2029.
- Source: World Nuclear News
- Date: Friday, 10 November 2023
- Original article: world-nuclear-news.org/Articles/Idaho-SMR-project-terminated
Standard Power plans to develop small modular reactor (SMR) facilities in Ohio and Pennsylvania using NuScale's reactor technology to power nearby data centres.
- Source: World Nuclear News
- Date: Tuesday, 10 October 2023
- Original article: world-nuclear-news.org/Articles/US-computing-infrastructure-provider-announces-SMR
Chubu Electric Power Co has announced it is to invest in US small modular reactor (SMR) developer NuScale Power.
- Source: World Nuclear News
- Date: Friday, 08 September 2023
- Original article: world-nuclear-news.org/Articles/Chubu-to-take-stake-in-SMR-developer
CFPP LLC, a wholly-owned subsidiary of Utah Associated Municipal Power Systems (UAMPS), has applied to the US Nuclear Regulatory Commission (NRC) for a Limited Work Authorisation (LWA), requesting approval to start early construction activities for the Carbon Free Power Project (CFPP) before receiving a Combined Licence (COL).
- Source: NEI Magazine
- Date: Wednesday, 16 August 2023
- Original article: neimagazine.com/news/newsapplication-submitted-to-us-nrc-for-construction-of-carbon-free-power-project-11074622