NuScale Power is pleased to announce it has signed a memorandum of understanding (MOU) with Ontario Power Generation Inc. (OPG), Ontarios public electricity generator, who has agreed to support NuScale in its vendor design review (VDR) with the Canadian Nuclear Safety Commission (CNSC), bringing NuScale closer to introducing its ground-breaking small modular reactor (SMR) technology to Canadian customers.
We see this agreement with OPG as an important milestone in NuScales efforts to bring our scalable, economic, carbon-free, and safe reactor to Canada, said NuScale Chairman and Chief Executive Officer John Hopkins. We are extremely fortunate to have OPGs valuable nuclear regulatory and utility expertise, and we know that they will be an incredibly helpful partner in our efforts to ensure that our new and innovative technology meets Canadian regulatory requirements and customer needs.
NuScale is currently working on a service agreement to submit a VDR application with the CNSC. The goal of the VDR is to ensure the nuclear power plant design meets Canadian nuclear regulatory requirements and expectations, as well as Canadian codes and standards. After the service agreement is signed, NuScale and the CNSC will develop a project execution plan for the content and timing of the subsequent submittals. NuScales technology is already the worlds first and only SMR to undergo design certification application review by the U.S. Nuclear Regulatory Commission.
Through the new agreement, OPG will offer expertise to support not only NuScales Vendor Design Review application currently under development with the CNSC, but also the further evaluation of development, licensing, and deployment of the first NuScale power plant in Canada.
Were proud to support NuScales efforts to enter the Canadian market, said Jeff Lehman, OPGs Vice President of New Nuclear Development. From our work on the NuScale Advisory Board, we know that the companys small modular reactor technology holds strong potential for Canadian electricity users. In support of Canadas climate change goals, we look forward to supporting NuScale as they move through the Canadian regulatory process.
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NuScales innovative and unique SMR design has strong safety and unparalleled reliability features, is factory-made, and offers scalable power based on need “ an unprecedented capability in the nuclear energy industry. The U.S. Nuclear Regulatory Commission is scheduled to complete NuScales Design Certification application in September 2020. NuScales first customer, Utah Associated Municipal Power Systems, is on track to deploy the U.S.s first SMR plant in the mid-2020s.
About NuScale Power
NuScale Power is developing a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module„¢ capable of generating 60 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale’s scalable design “ a power plant can house up to 12 individual power modules “ offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.
NuScale is headquartered in Portland, Oregon and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; Arlington, Va.; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, and Instagram: nuscale_power.
Diane Hughes, 503-270-9329 (C)
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