NuScale Power’s Small Modular Nuclear Reactor Becomes First Ever to Complete Nuclear Regulatory Commission’s Phase 1 Review
Fluor Corporation (FLR)
Last fluor corporation earnings: 10/31 06:55 am
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Source: Business Wire
Milestone Signals NuScale’s Momentum in Bringing America’s First Small Modular Reactor to Market WASHINGTON--(BUSINESS WIRE)-- The U.S. Nuclear Regulatory Commission (NRC) has completed the first and most intensive phase of review for NuScale Power’s design certification application (DCA). NuScale’s is the first and only small modular reactor (SMR) application to ever undergo NRC review. This major achievement brings NuScale Power closer to introducing the country’s first SMR to market, putting the U.S. on a path to beat foreign competitors like Russia and China at a global SMR race. The NRC is expected to certify NuScale’s design, and the company’s first customer, Utah Associated Municipal Power Systems, is planning a 12-module SMR plant in Idaho slated for operation by the mid-2020s based on this certified design. “We are thankful for the rigorous review of our revolutionary nuclear
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