Nuclear reactors

NuScale Power Secures Nearly $200 Million in Strategic Investments

Retrieved on: 
Tuesday, August 3, 2021

NuScale Power today announced that recent private capital investments from a diverse base of strategic investors total $152 million, closing out NuScales A-5 round of investments, and bringing the companys total funding year to date to approximately $192 million.

Key Points: 
  • NuScale Power today announced that recent private capital investments from a diverse base of strategic investors total $152 million, closing out NuScales A-5 round of investments, and bringing the companys total funding year to date to approximately $192 million.
  • NuScale is the leading developer of a small modular reactor (SMR) that delivers scalable, safe and reliable carbon-free nuclear 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.
  • The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.

NuScale Power Secures Investment and Support from Samsung C&T Corporation for Global SMR Deployment

Retrieved on: 
Thursday, July 22, 2021

NuScale Power announced today Samsung C&T Corporation (Samsung C&T) has committed to make an equity investment in NuScale to support deployment of its groundbreaking small modular reactor (SMR).

Key Points: 
  • NuScale Power announced today Samsung C&T Corporation (Samsung C&T) has committed to make an equity investment in NuScale to support deployment of its groundbreaking small modular reactor (SMR).
  • Samsung C&T, a trusted nuclear power plant contractor, participated in construction of the four unit Barakah Nuclear Power Plant in the United Arab Emirates.
  • NuScale is excited to draw upon Samsung C&Ts proven track record as a leading nuclear engineering and construction partner, said John Hopkins, NuScale Power Chairman and Chief Executive Officer.
  • Samsung C&T is delighted to invest in and explore global carbon-free power opportunities together with NuScale Power and Fluor Corporation, leading companies in the SMR nuclear business.

NRx Pharmaceuticals Announces First Successful Commercial Formulation for ZYESAMI™ (aviptadil), Enabling Volume Manufacture, Shipping, and Stockpiling of COVID-19 Medication Subject to Regulatory Approval

Retrieved on: 
Thursday, July 22, 2021

These two developments position NRx to potentially deliver millions of doses of ZYESAMI as potential regulatory approvals are obtained in various regions worldwide.

Key Points: 
  • These two developments position NRx to potentially deliver millions of doses of ZYESAMI as potential regulatory approvals are obtained in various regions worldwide.
  • "We have now turned the corner and can produce both the aviptadil peptide and finished medicine in million dose quantities.
  • We have also developed and validated the first modern chromatography assays required to ensure the purity and stability of the drug product.
  • NRx Pharmaceuticals ( www.nrxpharma.com ) (NRx) draws upon more than 300 years of collective, scientific and drug-development experience to bring improved health to patients.

Oklo and Compass Secure 20-Year Commercial Partnership to Launch Advanced Fission-Powered Bitcoin Mining

Retrieved on: 
Wednesday, July 14, 2021

Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting.

Key Points: 
  • Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting.
  • Oklos advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass Bitcoin mining machines, starting in the early 2020s.
  • Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.
  • This commercial project is scalable, and Oklo can add additional capacity to accelerate Compass sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.

NuScale Power Secures Investment and Support for SMR Deployment from GS Energy

Retrieved on: 
Wednesday, June 30, 2021

NuScale Power today announced that it has finalized an investment agreement with GS Energy North America Investments (GS Energy), the U.S. entity of the South Korean leading energy services provider.

Key Points: 
  • NuScale Power today announced that it has finalized an investment agreement with GS Energy North America Investments (GS Energy), the U.S. entity of the South Korean leading energy services provider.
  • GS Energy seeks to secure a diversified and cleaner energy portfolio and is continuously exploring various forms of renewable energy and new technologies, including nuclear power.
  • As part of a long-term strategic relationship established under the agreement, GS Energy will provide a cash investment in NuScale Power and support deployment of NuScale plants.
  • NuScale is delighted to welcome GS Energys investment and commitment to commercializing Americas first small modular reactor, said John Hopkins, NuScale Power Chairman and Chief Executive Officer.

Oklo Awarded a DOE Technology Commercialization Fund Award to Commercialize Advanced Fuel Recycling and Fabrication Capabilities

Retrieved on: 
Friday, June 25, 2021

Oklo Inc. (Oklo) announced a $2 million cost-share award from the Department of Energy (DOE) supported by the Technology Commercialization Fund (TCF).

Key Points: 
  • Oklo Inc. (Oklo) announced a $2 million cost-share award from the Department of Energy (DOE) supported by the Technology Commercialization Fund (TCF).
  • Oklo is matching $1 million in funds and is partnering with the DOE and Argonne National Laboratory (ANL) on this public-private partnership.
  • The TCF project will enable the commercialization of advanced fuel recycling capabilities by utilizing electrorefining technology.
  • About Oklo Inc.: Oklo is a California-based company developing clean energy plants to provide emission-free, reliable, and affordable energy using advanced fission.

NuScale Power Secures Investment, Support for SMR Deployment from IHI Corporation

Retrieved on: 
Wednesday, May 26, 2021

As part of a commercial relationship with NuScale, IHI will provide cash investment in NuScale Power.

Key Points: 
  • As part of a commercial relationship with NuScale, IHI will provide cash investment in NuScale Power.
  • The IHI-NuScale relationship results in IHI becoming a strategic supplier for NuScale Plants, whereby IHI will be a preferred supplier of certain manufactured components for NuScale Plants globally.
  • Strategic partnership with an innovative SMR technology developer such as NuScale is a great opportunity for us, said Hiroshi Ide, President and Chief Executive Officer of IHI Corporation.
  • IHI can support rapid deployment of NuScales technology by leveraging IHIs extensive engineering and manufacturing experience in the nuclear industry.

Fluor Announces $20 Million IHI Corporation Investment in NuScale Power

Retrieved on: 
Wednesday, May 26, 2021

Fluor Corporation (NYSE: FLR) announced today that IHI Corporation (IHI) of Japan is investing $20 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that IHI Corporation (IHI) of Japan is investing $20 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor.
  • IHIs immediate investment of $20 million may be followed by another $20 million later.
  • This significant investment by IHI also aligns with Fluors strategy to bring aboard new strategic investors to NuScale.
  • The investment from IHI comes on the heels of a previously announced investment in NuScale and new strategic partnership by JGC Holdings Corporation with Fluor, further demonstrating the global support of NuScale.

NuScale Power and Grant County Public Utility District Sign Memorandum of Understanding to Explore Nuclear Energy Deployment in Washington State

Retrieved on: 
Wednesday, May 26, 2021

Today, NuScale Power and Grant County Public Utility District (Grant PUD) announced the signing of a memorandum of understanding (MOU) to evaluate the deployment of NuScales advanced nuclear technology in Central Washington.

Key Points: 
  • Today, NuScale Power and Grant County Public Utility District (Grant PUD) announced the signing of a memorandum of understanding (MOU) to evaluate the deployment of NuScales advanced nuclear technology in Central Washington.
  • The utility also serves 40,000 retail customers in Grant County, which includes an expanding industrial sector.
  • Grant PUD is a forward-thinking leader in managing and securing affordable, reliable, clean energy for its customers.
  • 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.

NuScale Power Chief Technology Officer and Co-Founder Awarded American Nuclear Society’s Prestigious Walter H. Zinn Medal

Retrieved on: 
Tuesday, May 18, 2021

b"Today, NuScale Power and the American Nuclear Society (ANS) are pleased to announce that NuScale\xe2\x80\x99s Chief Technology Officer and Co-founder, Dr. Jose N. Reyes, has been selected as the 2021 Walter H. Zinn Medal recipient.

Key Points: 
  • b"Today, NuScale Power and the American Nuclear Society (ANS) are pleased to announce that NuScale\xe2\x80\x99s Chief Technology Officer and Co-founder, Dr. Jose N. Reyes, has been selected as the 2021 Walter H. Zinn Medal recipient.
  • The Zinn Medal acknowledges and celebrates an individual\xe2\x80\x99s outstanding contributions to the advancement or implementation of nuclear technology.
  • Specifically, Dr. Reyes is being recognized for \xe2\x80\x9crevolutionizing 21st century nuclear power\xe2\x80\x9d by co-founding NuScale and designing its innovative NuScale Power Module design.\n\xe2\x80\x9cI am incredibly honored to receive this designation and join the ranks of the respected Zinn Medal awardees.
  • The organization has brought the benefits of nuclear research and power to society since its founding in 1954.