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An unnamed contributor wrote:
NuScale will get the final approval nearly six years after starting the process:
On Friday, the Nuclear Regulatory Commission (NRC) announced that it would be issuing a certification to a new nuclear reactor design, making it just the seventh that has been approved for use in the US. But in some ways, it's a first: the design, from a company called NuScale, is a small modular reactor that can be constructed at a central facility and then moved to the site where it will be operated.
[...] Once complete, the certification is published in the Federal Register, allowing the design to be used in the US. Friday's announcement says that the NRC is all set to take the publication step.
The NRC will still have to weigh in on the sites where any of these reactors are deployed. Currently, one such site is in the works: a project called the Carbon Free Power Project, which will be situated at Idaho National Lab. That's expected to be operational in 2030 but has been facing some financial uncertainty. Utilities that might use the power produced there have grown hesitant to commit money to the project.
Previous stories:
First Major Modular Nuclear Project Having Difficulty Retaining Backers
US Gives First-Ever OK for Small Commercial Nuclear Reactor
The US Government Just Invested Big in Small-Scale Nuclear Power
Safer Nuclear Reactors on the Horizon
(Score: 3, Interesting) by FatPhil on Wednesday August 03 2022, @07:03AM
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PORTLAND, Ore.--(BUSINESS WIRE)-- NuScale Power LLC (“NuScale”) announced today a Memorandum of Understanding (“MOU”) with Romania’s state nuclear power corporation S.N. Nuclearelectrica S.A. (“Nuclearelectrica”) to conduct engineering studies, technical reviews, and licensing and permitting activities at a site in Doicesti, Romania that is the preferred location for the deployment of the first NuScale VOYGR™ power plant.
""" -- https://newsroom.nuscalepower.com/press-releases/news-details/2022/NuScale-Power-Signs-Agreement-with-Nuclearelectrica-and-Owner-of-Preferred-Site-for-First-SMR-Site-in-Romania/default.aspx
I first heard of them from the Uranium Insider newsletter, and - despite hating even the very idea of SPACs - I went in with some small hobby quantities at lauch. Since then (the start of the year) it's up 50%, in sharp contrast to most of the stock market, as there's been a lot of positive press regarding progress worldwide.
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