PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power commends the Government of Canada and the Department of Natural Resources (NRCan) for the release of its Small Modular Reactor (SMR) Action Plan, which acknowledges the role that SMR technologies can play in achieving the country’s clean energy goals and sets forth a pathway to advancing nuclear technology in Canada.
“We are excited about the launch of Canada’s SMR Action Plan and applaud the Canadian government for taking this significant step towards seeing SMR technologies actualized as a key part of its energy sector,” said NuScale Power Chairman and Chief Executive Officer John Hopkins. “NuScale will support this action plan with our proven, reliable, and scalable technology that is suited to meet the specific power needs of regions across Canada.”
With its U.S. Nuclear Regulatory Commission-approved SMR technology, which is also currently in the pre-licensing vendor design review process with the Canadian Nuclear Safety Commission, NuScale’s advanced technology is ready to support the Canadian market. This will aid in the job creation, intellectual property and supply chains in Canada that the SMR Action Plan prioritizes. The advanced nature of NuScale’s SMR technology also means that NuScale, in cooperation with Canadian firms, stands ready to support Canada in bringing its first SMR units to operation by the late 2020s.
As Canada continues to make progress toward phasing out coal-fired electricity generation and invests in new, clean technology, NuScale SMR power plants offer an affordable, emission-free, and carbon-free clean energy solution. The scalable multi-module design and characteristics of NuScale’s power plants are well configured to replace the retiring stations, as many are between 300 MWe and 600 MWe. NuScale SMR technology can also complement solar and wind to not only mitigate climate change, but to serve as a reliable and flexible resource to support Canada’s clean energy goals and Climate Plan, such as achieving 90 percent of electricity coming from non-emitting sources by 2030. Additionally, NuScale power plants can employ wet or dry cooling to meet the clean energy needs of Canada’s diverse geographic and climatic regions.
“NuScale is eager to play a part in helping Canada become a world leader in SMR development,” added Hopkins. “We have strong partnerships in the Canadian energy sector that augment our technology’s alignment with Canadian needs and look forward to strengthening them as the SMR Action Plan is implemented. This includes supply chain partnerships across Canada that we are prepared to leverage for projects in Canada, and around the world.”
NuScale has signed Memoranda of Understandings with Ontario Power Generation and Bruce Power.
About NuScale Power
NuScale 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. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.
NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale’s website.