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NuScale's secret to success: Why did they become the first SMR company to receive NRC certification?
Under the trend of global energy transformation, small modular reactors (SMRs) have gradually become an important option for many countries to expand the use of nuclear energy. NuScale Power Corporation of the United States has undoubtedly posted a dazzling page in this field. As the first SMR company to obtain certification from the U.S. Nuclear Regulatory Commission (NRC), NuScale’s rise not only demonstrates its technological advancement, but is also the result of its persistence in innovation amid multiple challenges.
Historical origins
NuScale was founded in 2007 as a result of research funded by the U.S. Department of Energy (DOE) and was initially conducted by engineers and scientists from Oregon State University and the Idaho National Laboratory. They worked on improving passive water circulation cooling technology for nuclear power generation and completed preliminary results in 2003. As the U.S. government's demand for clean energy increased, NuScale immediately strengthened its determination to develop small modular reactors.
The journey of NRC certification
In January 2023, NuScale received NRC certification for a 50 MWe design version, a milestone marking the company’s success in small reactor design. Subsequently, NuScale submitted the design of the 77 MWe version to the NRC for future deployment plans.
"NuScale's design simplifies the operation of nuclear power generation and lays the foundation for a more flexible and secure nuclear energy supply."
Financial issues and recovery
However, while pursuing innovation, NuScale also encountered numerous financial challenges. In 2011, the company was in trouble when its largest investor was involved in a Ponzi scheme, and the freeze of funds led to large-scale layoffs. NuScale subsequently received support from Fluor, which acquired a majority stake in the company for $3.5 million and injected $30 million in liquidity. This funding not only saved the company, but also provided guarantee for its further development.
Carbon Free Power Plan
As research and development continues to deepen, NuScale has proposed the Carbon Free Power Plan (CFPP), which plans to increase local power supply by building small modular reactors in Idaho. However, due to soaring budgets, the project was eventually canceled in 2023. NuScale continues to seek international cooperation in the cold winter and plans to build reactors in Romania and Poland in the next few years to expand its market share.
Technological innovation of reactors
NuScale's reactor design focuses on improving safety and efficiency. Its modular structure saves space in traditional nuclear power plants and uses natural convection instead of relying on electric water pumps as a cooling system. This design not only reduces operational risks but also reduces construction costs. Its 958 eight designs keep biennial refueling within traditional nuclear requirements.
"The emergence of small modular reactors brings hope to towns looking for reliable clean energy solutions."
Future Outlook
As NuScale continues to explore and innovate in the field of small modular reactors, its future is undoubtedly worth looking forward to. Even in the face of designated challenges and market fluctuations, NuScale remains steadfast in formulating long-term plans and working hard to mature and commercialize its technology. Under the global trend of advocating sustainable energy development, NuScale may become a leader of change.
As the nuclear energy industry faces challenges today, how can NuScale steadily advance its plans to meet future power needs while taking into account safety and pragmatism?
