Fluor’s NuScale Power Small Modular Nuclear Reactor Design Certification Accepted for Review by U.S. Nuclear Regulatory Com...
March 15 2017 - 5:52PM
Business Wire
NuScale is the global leader with its
innovative new nuclear generation technology
Fluor Corporation (NYSE: FLR) announced today that NuScale Power
(NuScale), in which Fluor is the majority investor, has received
notice that its design certification application has been accepted
for review by the U.S. Nuclear Regulatory Commission (NRC). By
accepting the completed application for review, the NRC confirms
that NuScale’s submission addresses all NRC requirements and
contains sufficient technical information to conduct the review.
NuScale’s small modular nuclear reactor (SMR) commercial power
plant technology can deliver the energy diversity needed to power
unique energy needs while also providing a safe, more flexible,
carbon-free power generation solution.
“Fluor is pleased that the NRC validated the receipt of
NuScale’s design certification application in such a timely
manner,” said David Seaton, Fluor’s chairman and CEO. “We believe
that the future of the U.S. new-build power generation industry
includes NuScale’s small modular reactor technology and that
NuScale is uniquely positioned as the only U.S. company leading the
way.”
“This is a great next step for a new U.S.-based nuclear
technology and a step that affirms NuScale as a true leader in SMR
technology development,” said John Hopkins, NuScale’s CEO. “The
exceptional news that the NRC was able to accept our application
during the 60-day docketing review period is validation of
NuScale’s hard work over the past eight years.”
NuScale’s small modular reactors include scalable plants, and
the facility output can be incrementally increased depending upon
the demand. The technology’s operational flexibility can also be
integrated with other carbon-free renewable energy sources like
wind and solar to provide consistent power and to help enable
stable grid performance.
NuScale marked a major milestone on December 31, 2016, when the
company asked the NRC to approve its SMR design, the first
submitted in the United States.
Fluor has supported NuScale since October 2011 – before the U.S.
Department of Energy announced its cost-sharing program – as part
of a long history with nuclear energy. For more than 60 years,
Fluor has been providing the engineering, procurement, construction
and maintenance of nuclear power plants, thereby helping to provide
a long-term clean energy solution in the U.S. and around the
world.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served its clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion
in 2016 and has more than 60,000 employees worldwide. For more
information, please visit www.fluor.com or follow us on Twitter
@FluorCorp.
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Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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