PORTLAND, Ore., May 21, 2012 (BUSINESS WIRE) -- Backed by broad support from the U.S. electric power industry and elected officials, NuScale Power LLC has submitted its proposal to participate in a U.S. Department of Energy program to accelerate the deployment of small modular reactors.
NuScale has developed a break-through technology for building safer, smaller, scalable nuclear power plants. Using proven light water reactor technology, the NuScale reactor is cooled by natural circulation, is entirely self-contained and installed underwater and underground to maximize safety.
"Our approach offers DOE a plant with innovative new safety features and true scalability, which enable it to achieve a wide range of outputs to meet the power demands of individual utilities," asserted Paul Lorenzini, chief executive officer of NuScale. "We are grateful that our government is helping American companies recapture the technological lead in the international nuclear power industry. NuScale's design will do just that.
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