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Nuscale Power Secures Investment And Support From Samsung C&Amp;T Corporation For Global Smr Deployment

Jul 22, 2021•about 4 years ago
Portland

Description

NuScale Power announced today Samsung C&T Corporation (Samsung C&T) has committed to make an equity investment in NuScale to support deployment of its groundbreaking small modular reactor (SMR). In conjunction with the investment, Samsung C&T and NuScale’s lead engineering, construction and procurement (EPC) partner, Fluor Corporation, are developing a business collaboration agreement to expand capabilities available for future deployment of NuScale projects.

Company Information

Company

Nu Scale Power

Location

Portland, Oregon, United States

About

The Company maintains strong program momentum towards the commercialization of its SMR technology, including supply chain development, standard plant design, planning of plant delivery activities and startup and commissioning plans.​​​​​About NuScale PowerNuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications.