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Doosan Heavy Industries And Construction Completes Fourth Investment In Nuscale Power

Jul 20, 2021•almost 4 years ago
Portland

Description

NuScale Power announced today Doosan Heavy Industries and Construction (DHIC) has agreed to complete a cash investment in NuScale to continue to support deployment of its groundbreaking small modular reactor (SMR). In 2019, Doosan was joined by financial investors that collectively invested $44 million in NuScale. Marking the next step in the strategic relationship between NuScale and DHIC, this is the fourth investment from DHIC and its financial partners in a two-year span. Including the latest investment of $60 million, DHIC and its financial investors have invested more than $100 million in NuScale, further demonstrating their confidence in the promising potential and viability of NuScale’s technology to transform the clean energy sector.

Company Information

Company

Doosan Heavy Industries & Construction

Location

Portland, Oregon, United States

About

Doosan Heavy Industries & Construction is a leading Engineering, Procurement and Construction (EPC) contractor offering a wide range of services ranging from the manufacturing of castings and forgings, power generation systems and desalination facilities to the construction of power plants. Doosan maintains high quality standard based on the extensive experiences in manufacturing major components of nuclear power plants. Doosan has an integrated manufacturing facility in Changwon, Korea which is capable from raw material production to final assembly of nuclear components. Doosan has manufactured and supplied 33 Reactor Vessels & 120 Steam Generators globally.