NuScale spent over $500 million, with the backing of Fluor, and over 2 million labor hours to develop the information needed to prepare its DCA application. The company also submitted 14 separate Topical Reports in addition to the over 12,000 pages for its DCA application and provided more than 2 million pages of supporting information for NRC audits.
The NuScale small modular reactor (SMR) design is a fully factory-fabricated NuScale Power Module™ capable of generating 60 MW of electricity. It uses 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.
By 2030, a NuScale small modular reactor (SMR) power plant will become part of the Carbon Free Power Project (CFPP), an initiative spearheaded by the public power consortium Utah Associated Municipal Power Systems (UAMPS). The First module is expected to be operational by mid-2029, with the remaining 11 modules to come online for full plant operation by 2030.
NuScale expects to sell between 674 to 1,682 reactors between 2023 and 2042. If 1682 reactors are built this would nearly double the nuclear power in the US from 98 GW to 178 GW.
SOURCES – NuScale, Scientific American, Science Journal
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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