NuScale’s SMR Wins ‘Emerging Technology of the Year’ at S&P Global Platts Global Energy Awards
December 13 2019 - 8:00AM
Business Wire
NuScale Power’s SMR technology selected out of
12 finalists in Emerging Technology of the Year category
S&P Global Platts Global Energy Awards announced that
NuScale Power was selected as the winner of the Emerging Technology
of the Year award. S&P Global Platts is the leading global
provider of energy and commodities information and spot market
benchmarks, and selected NuScale as this year’s Emerging Technology
winner based on its unrivaled status in this category for the
research and development, ingenuity, and commercialization
potential of its revolutionary small modular reactor (SMR)
technology. NuScale was selected out of 12 finalists, which
included a broad cross section of energy companies who are among
those pioneering cutting-edge technologies to address the world’s
greatest energy challenges.
“NuScale is honored to accept this award, and we appreciate
S&P Global Platts’ recognition of our groundbreaking
technology,” said John Hopkins, Chairman and Chief Executive
Officer of NuScale. “We welcome the ongoing support that NuScale’s
advanced SMR technology continues to receive, and we look forward
to continued collaboration with all facets of the energy industry
as we reach commercialization.”
As NuScale completes the final phases of the U.S. Nuclear
Regulatory Commission’s design certification application (DCA)
review process for its 12-module SMR power plant, this award
validates the incredible potential of NuScale’s safe, reliable,
cost-effective, and 100% carbon-free SMR technology to meet the
needs of an evolving global energy landscape.
Established in 1999 and described as “the Oscars of the energy
industry,” the S&P Global Platts Global Energy Awards highlight
corporate and individual innovation, leadership, and superior
performance in 21 categories spanning the entire energy
complex.
NuScale’s technology is the world’s first and only SMR to
undergo design certification review by the U.S. Nuclear Regulatory
Commission (NRC). In July 2019, the NRC completed Phases 2 and 3 of
its review, and in December 2019 completed Phase 4. The entire
review is now in Phases 5 and 6, with the NRC on track to complete
final review of NuScale’s design by September 2020.
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 60 MW of electricity using a safer, smaller,
and scalable version of pressurized water reactor technology.
NuScale's scalable design – a power plant can house up to 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, Oregon and has offices in
Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.;
Arlington, Va.; and London, UK. Follow us on Twitter:
@NuScale_Power, Facebook: NuScale Power, LLC, and Instagram:
nuscale_power. NuScale has a new logo, brand, and website. Watch
the short video.
About S&P Global Platts
At S&P Global Platts, we provide the insights; you make
better informed trading and business decisions with confidence.
We’re the leading independent provider of information and benchmark
prices for the commodities and energy markets. Customers in over
150 countries look to our expertise in news, pricing and analytics
to deliver greater transparency and efficiency to markets. S&P
Global Platts coverage includes oil and gas, power, petrochemicals,
metals, agriculture and shipping.
S&P Global Platts is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies and governments to make decisions with confidence. For
more information, visit www.platts.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191213005163/en/
Diane Hughes, NuScale Vice President, Marketing &
Communications dhughes@nuscalepower.com (C) 503-270-9329
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