NuScale and JAEC agree to explore SMR deployment in Jordan

NuScale and JAEC sign MOU to explore unique capabilities and benefits of NuScale's SMR for Jordan

  

PORTLAND, Ore.--(BUSINESS WIRE/AETOSWire):Today, NuScale Power announced that it has signed a memorandum of understanding (MOU) with the Jordan Atomic Energy Commission (JAEC), to evaluate NuScale’s small module reactor (SMR) nuclear power plant for use in Jordan. The agreement continues to showcase the immense international interest in NuScale’s innovative nuclear technology.

JAEC is the government entity leading the development and implementation of nuclear strategy and managing the nuclear program in the Hashemite Kingdom of Jordan. Through this MOU, NuScale and JAEC will collaborate on conducting a joint feasibility evaluation of NuScale’s SMR, which will inform JAEC’s decision on moving forward with the project as part of Jordan’s planned deployment of nuclear power plants.

“As Jordan considers its energy future, I’m confident that the unmatched resiliency and safety features of NuScale’s SMR technology make us the ideal partner on the Kingdom’s nuclear power goals,” said John Hopkins, NuScale Power Chairman and Chief Executive Officer. “We look forward to using the agreement to showcase our SMR’s unique capabilities, cost benefits, and flexibility, all which demonstrate what a game-changer this technology will be for Jordan.”

“NuScale is at the forefront of U.S. SMR Technology,” said H.E. Dr. Khaled Toukan, JAEC Chairman. “We look forward to this collaboration to assess the viability and potential for deployment of NuScale SMR Technology in Jordan.”

JAEC oversaw the implementation of several key and notable projects in Jordan including the Sub-Critical Assembly, the exploration of uranium in the Central Jordan area, and the Jordan Research and Training Reactor (JRTR) - Jordan’s first nuclear reactor. Current projects for JAEC include the uranium mining in Jordan and the Nuclear Power Plant (NPP) development and implementation (including SMRs).

NuScale’s scalable multi-module plant design permits a high degree of flexibility for deployment in a wide range of conventional and unique electrical and thermal applications. This includes economic energy production, making it a particularly attractive energy source for desalination processes at various scales. NuScale has seen considerable interest in its SMR technology in regions of the world, like the Middle East, where fossil fuels are the source of heat and electricity for desalination.

NuScale’s technology is the world’s first and only SMR to undergo design certification review by the U.S. Nuclear Regulatory Commission, and is scheduled to complete its review of NuScale’s design in September 2020.

-Ends-

About NuScale Power

NuScale Power is developing 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190115005120/en/ 

Source: AETOSWire

Contact
Diane Hughes, NuScale Vice President, Marketing & Communications
dhughes@nuscalepower.com 
(C) 503-270-9329

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases