NuScale Power, LLC
Portland, OR, USA

NuScale - Small Modular Reactor (SMR) Nuclear Technology

In 2011, Fluor Corporation made a significant investment in NuScale Power, LLC, a small modular reactor (SMR) technology company in Oregon.

With the investment, Fluor is NuScale's majority shareholder. NuScale continues to operate as an independent company with Fluor providing certain needed services to NuScale through a separate contractual arrangement.

NuScale has been working to commercialize SMR technology since 2007. The initial concept for NuScale's innovative, inherently safe SMR technology was developed from 2000 to 2003 at Oregon State University, with funding provided by the U.S. Department of Energy (DOE).

NuScale, with the support of Fluor, expects to bring its technology to market by 2020. Commercialization of NuScale's SMR technology for U.S. and international deployment is expected to have a significant, positive effect on employment; enhance manufacturing capability; and boost U.S. leadership in non-proliferation.

Additionally, in March 2012, NuScale Power LLC signed a Memorandum of Agreement with the Savannah River Site (SRS) and Savannah River National Laboratory (SRNL) as further demonstration of the U.S. Department of Energy's commitment to commercialize American-designed small nuclear power plants.

In May 2014, NuScale Power, in which Fluor is a majority investor, officially signed a contract agreement with the DOE for funding that will support the development, licensing, and commercialization of the company's nuclear SMR technology.

In March 2016, the DOE and Utah Municipal Power Systems (UAMPS) signed an agreement that provides UAMPS with a use permit to choose a suitable nuclear power plant site within the Idaho National Laboratory site boundaries. UAMPS plans to build and operate the first NuScale SMR power plant, producing 600 Megawatts of clean nuclear electricity.

In January 2017, Fluor announced that NuScale completed and formally submitted its design certification application for SMR commercial power plant design to the U.S. Nuclear Regulatory Commission.

In March 2017, two months after application submission, the NRC accepted NuScale's design certification application, confirming that the submission addresses all NRC requirements to conduct a full review.

Read more about Fluor's investment in NuScale Power.