nuclear-news

NuScale’s 12 Small Modular Nuclear Power units will cost $3 billion

NuScale Gains Potential Financial Backing for Worldwide SMR Deployment, Power , 05/01/2019 | Sonal Patel   NuScale Power, the front-runner in the race to commercialize small modular reactors (SMRs), has bagged another major backer that could broaden its nuclear supply chain base and expand its financial standing. 

On April 29, NuScale signed a memorandum of understanding (MOU) with Doosan Heavy Industries and Construction (DHIC), a South Korean–based engineering, procurement, and construction contractor with a wide global network, that supports deployment of NuScale’s Power Module worldwide. “The relationship includes DHIC, a member of the Doosan Group, and potential Korean financial investors, which, commensurate to final due diligence, plan to make a cash equity investment in NuScale,” NuScale said on Monday. …..

That project, which is to be built at a 890-square-mile site at the Department of Energy’s (DOE’s) Idaho National Laboratory near Idaho Falls, will feature a plant comprising a dozen 60-MWe modules. NuScale anticipates the first module could be operational by 2026 and full plant would be operational by 2027. 

However, NuScale’s design certification application, which it submitted to the the Nuclear Regulatory Commission (NRC) in December 2016 covers 50-MWe modules. The company increased the module’s capacity to 60-MWe in June 2018, citing optimization through advanced testing and modeling tools. The breakthrough would boost the power capacity of the 12-module UAMPs facility from 600 MWe to 720 MWe, it said. ….

According to NuScale, the first 12-module facility, even at 684 MWe (net), could cost up to $3 billion to build.   ……https://www.powermag.com/nuscale-gains-potential-financial-backing-for-worldwide-smr-deployment/

May 2, 2019 - Posted by Christina Macpherson | technology, USA