JGC Holdings (Japanese company) has invested $40 million for a roughly 3% stake in NuScale, developing small modular pressure water nuclear reactor. The Japanese group will work with NuScale’s parent, U.S.-based engineering company Fluor, on construction management and other aspects of the Idaho project.
The partners will eventually make similar projects in the Middle East — where JGC boasts a long track record in oil and petrochemical infrastructure — and Southeast Asia.
Conventional 1000 megawatt nuclear plants cost around $10 billion to build using established reactor designs. NuScale’s SMR design — which completed a technical review by the U.S. Nuclear Regulatory Commission in August 2020, costs around $3 billion for more than 900 MW.
The first NuScale Power Module
At up to 77 MWe (gross), the NuScale Power Module
NuScale’s small size and simple design eliminates many of the large and complex systems (e.g., pumps, motors, valves, piping) found in today’s nuclear power plants and other SMR designs. As a result, NuScale’s plant is safer, and less expensive to build and operate.
This is the first ever small modular reactor (SMR) to receive U.S. Nuclear Regulatory Commission (NRC) design approval, NuScale is bringing the first SMR power plant online in the U.S. this decade. Our SMR technology, the NuScale Power Module
Japan to Help Build Advanced US Nuclear Reactors
JGC Holdings, a Tokyo-based engineering firm, will assist Nuscale in construction management of a small modular reactor in Idaho. JGC has also invested $40 million to take a 3% stake in NuScale https://t.co/MvvZ4Uwzg6
— Stephen Stapczynski (@SStapczynski) April 5, 2021
SOURCES- Nikkei, Nuscale, Stephen Stapczynski
Written By Brian Wang, Nextbigfuture.com
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