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PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced that through further value engineering efforts, using advanced testing and modeling tools, NuScale analyzed and concluded that the NuScale Power Module (NPM) can generate an additional 25 percent more power per module for a total of 77 MWe per module (gross), resulting in about 924 MWe for the flagship 12-module power plant. Additionally, NuScale is announcing options for smaller power plant solutions in four-module (about 308 MWe) and six-module (about 462 MWe) sizes. Without impacting the unparalleled safety of our design, our engineers have proven yet again that NuScales technology is first-class, and can offer significant cost-savings and customization at a level yet to be seen in the nuclear energy market, said NuScale Power Chairman and Chief Executive Officer John Hopkins. With this advancement, NuScale continues to demonstrate that it is the global leader in the race to commercialize small modular reactors. Increasing the power generating capacity of a 12-module NuScale small modular reactor (SMR) plant by an additional 25 percent lowers the overnight capital cost of the facility on a per kilowatt basis from an expected $3,600 to approximately $2,850. Furthermore, the scalable, 12-module power plant will now approach a size that makes it a true competitor for the gigawatt-size market. The increased power output comes without any major changes to the NPM technology. The smaller power plant solutions will give NuScale customers more options in terms of size, power output, operational flexibility, and cost. They will also have a smaller and innovative footprint with a focus on simplifying construction, reducing construction duration (schedule) and lowering costs. This new solution allows NuScale to support a larger cross-section of customer needs including power for small grids such as for island nations; remote off-grid communities; industrial and government facilities; and replacement of coal-fueled generation that require less power and help customers meet clean air mandates. NuScale has heard from customers around the world, including in Canada, that there is need for and interest in smaller power plant solutions that meet their specific economic and power needs, added Hopkins. Our new four-module and six-module offerings, combined with the per module increase in power to 77 MWe, provide that flexibility and choice without compromising on the benefits and features of our flagship 12-module design. The regulatory process of increasing the level of maximum reactor power at which a nuclear plant can operate is referred to as a power uprate. The power increase will be reviewed by the U.S. Nuclear Regulatory Commission as part of NuScales Standard Design Approval (SDA) application, which NuScale is scheduled to submit in 2022. NuScales initial new products will be a four- and six-module power plant solution, although other configurations are possible. These smaller plant solutions are economically competitive and are underpinned by and leverage the industry leading NPM technology and safety case that has already been approved by the U.S. Nuclear Regulatory Commission. Like the flagship NuScale power plant, these smaller configurations will retain the capability to deliver scalable power plant solutions with features, capability and performance not found in other SMRs. NuScale will be able to deliver its first module to a client in 2027. 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 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable designa power plant can house up to 12 individual power modulesoffers 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, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.

Answer: NuScale Power Announces an Additional 25 Percent Increase in NuScale Power Module Output; Additional Power Plant Solutions; Meeting Canadas Needs Based on new analyses, the NuScale Power Module is able to increase its power output to 77 MWe and offer power plants in 300-460 MWe ranges to meet varying power needs of customers