Chubu Electric Power Co has announced it is to invest in US small modular reactor (SMR) developerNuScale Power. (Image: Chubu) The Japanese company says it has entered into an agreement to acquire issued shares in NuScale from Japan Bank forInternationalCooperation (JBIC), subject to regulatory...
Utah Associated Municipal Power Systems (UAMPS), a coalition of community-owned power systems in seven western states, withdrew from a deal to build the plant, designed by NuScale Power, because too few members agreed to buy into it. The project, subsidized by the U.S. Department of ...
Executives in the nuclear industry generally agree that small modular reactors won't reach a commercial stage until the 2030s. An ambitious effort byNuScaleto deploy SMRs at a site in Idaho was canceled last year, as the project's price tag ballooned from $5 billion to $9 billion due t...
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That’s the vision laid out ina new paperfrom nuclear startup NuScale Power using computer models for a planned nuclear farm built near the Horse Butte Wind Project in Idaho. The company, founded a decade ago, recently looked at how its modular nuclear reactors could follow clean energy, low...