NuScale Signs MOU For SMR Development In Romania

U.S. small nuclear plant developer NuScale Power said Tuesday it had signed a memorandum of understanding (MOU) with Societatea Nationala Nuclearelectrica SA (SNN SA), a Romanian energy company, to exchange business and technical information on NuScale’s aimed at evaluating potential development of small nuclear reactor technology for Romania.

NuScale SMR projection"The agreement is the latest sign of growing international interest in NuScale’s innovative nuclear technology," NuScale said. 

NucScale is on track to become the first company to have the Nuclear Regulatory Commission's stamp of approval on a small modular reactor design. The SMR design the company submitted for review in January 2017 passed the initial review process in April 2018.

NuScale Power Chairman and Chief Executive Officer John Hopkins said, "SNN SA understands the unique energy needs of Romania."

Nuclear power currently provides 20 percent of domestic energy in Romania. Since its founding in 1998, SNN SA has operated the only nuclear power plants in Romania.

U.S. Secretary of Energy Rick Perry said the, "the Department of Energy applauds this important agreement to evaluate how small modular reactor technology could be utilized in Romania."

“DOE has been working to support many innovative approaches to power generation, including this groundbreaking technology. We are enthusiastic about the possibilities for the future and being on the cutting edge of nuclear generation technology.”

“As the only nuclear power provider in Romania, we see great potential in SMRs because of the clean, safe, and affordable power they provide,” said Cosmin Ghita, Chief Executive Officer of Nuclearelectrica. “

NuScale’s technology is the world’s first and only SMR to undergo design certification review by the U.S. Nuclear Regulatory Commission (NRC). The NRC is scheduled to complete its review of NuScale’s design in September 2020. NuScale has also signed MOUs to explore the deployment of its SMR technology in Canada and Jordan.

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