Tom Pappalardo

The Future of Nuclear SMRs: IDTechEx Asks If Start-ups Will Disrupt Established Players

Retrieved on: 
Thursday, May 25, 2023
MSR, Terrestrial Energy, NuScale Power, GE Hitachi Nuclear Energy, Temperature, Rolls-Royce PWR, Organization, Nuclear energy, Rolls-Royce SMR, Microsoft, Risk, Westinghouse Electric Company, SMR, PWR, Void coefficient, Tom Pappalardo, Safety, Dissection, Renewable energy, Uranium mining, Lithium

BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.

Key Points: 
  • BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.
  • Still, the question remains: in the emerging SMR market, will the agility of new players beat the embedded positions of the nuclear industry's existing giants?
  • IDTechEx's new report, " Nuclear Small Modular Reactors (SMRs) 2023-2043 ," predicts that 25% of nuclear-sourced electricity will come from SMRs in 2043, compared to a negligible percentage today.
  • The diversity of designs this rapid scaleup would breed is likely to involve a wide variety of organizations: IDTechEx surveyed 83 SMR projects from many different players.

The Future of Nuclear SMRs: IDTechEx Asks If Start-ups Will Disrupt Established Players

Retrieved on: 
Thursday, May 25, 2023
MSR, Terrestrial Energy, NuScale Power, GE Hitachi Nuclear Energy, Temperature, Rolls-Royce PWR, Organization, Nuclear energy, Rolls-Royce SMR, Microsoft, Risk, Westinghouse Electric Company, SMR, PWR, Void coefficient, Tom Pappalardo, Safety, Dissection, Renewable energy, Uranium mining, Lithium

BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.

Key Points: 
  • BOSTON, May 25, 2023 /PRNewswire/ -- Nuclear Small Modular Reactors (SMRs) aim to disrupt the nuclear industry, slashing the cost of nuclear energy to competitiveness with renewables + storage and making new decarbonization-enabling uses of nuclear power possible.
  • Still, the question remains: in the emerging SMR market, will the agility of new players beat the embedded positions of the nuclear industry's existing giants?
  • IDTechEx's new report, " Nuclear Small Modular Reactors (SMRs) 2023-2043 ," predicts that 25% of nuclear-sourced electricity will come from SMRs in 2043, compared to a negligible percentage today.
  • The diversity of designs this rapid scaleup would breed is likely to involve a wide variety of organizations: IDTechEx surveyed 83 SMR projects from many different players.

U.S. Nuclear Regulatory Commission to Commence Technical Review of NuScale Power’s Second Standard Design Approval Application

Retrieved on: 
Friday, March 17, 2023
Energy, White House, Federal Government, Nuclear, Other Energy, Public Policy, Government, SMR, Watt, NuScale Power, SDA, NYSE, Economics, Tom Pappalardo, Safety, NRC, Renewable energy, Pharmaceutical industry

Today, the U.S. Nuclear Regulatory Commission (NRC) announced that it will begin the technical review of NuScale Power Corporation’s (NYSE: SMR) second Standard Design Approval (SDA) application.

Key Points: 
  • Today, the U.S. Nuclear Regulatory Commission (NRC) announced that it will begin the technical review of NuScale Power Corporation’s (NYSE: SMR) second Standard Design Approval (SDA) application.
  • NuScale, the industry-leading provider of innovative advanced nuclear small modular nuclear reactor (SMR) technology, submitted the application in late 2022, which is based on the VOYGRTM-6 (6-module) power plant configuration powered by an uprated 250 MWt (77 MWe) SMR design.
  • “The commencement of the NRC’s review brings us closer to another important regulatory milestone and the commercialization our SMR technology, which will provide affordable, carbon-free power to our customers,” said John Hopkins, President and Chief Executive Officer of NuScale.
  • “We look forward to working alongside the NRC toward the achievement of our second design approval.”

NuScale Power, Habboush Group and ENTRA1 form Strategic Alliance

Retrieved on: 
Friday, September 9, 2022
Nuclear, Alternative Energy, Energy, Partnership, Plant, Technology, CEO, NYSE, NuScale Power, LinkedIn, Multimedia, Investment, Watt, NPM, Instagram, Electricity, History, Tom Pappalardo, Twitter, Private Securities Litigation Reform Act, SMR, Forward-looking statement, HG, Renewable energy, Facebook, Nuclear, Alternative Energy, Energy, Nuclear, Alternative Energy, Energy

NuScale Power Corporation (NuScale) and Habboush Group (HG) have entered into an agreement forming a strategic alliance that establishes a one-stop-shop for the financing, investment, development, execution, and management of NuScale-powered projects and opportunities.

Key Points: 
  • NuScale Power Corporation (NuScale) and Habboush Group (HG) have entered into an agreement forming a strategic alliance that establishes a one-stop-shop for the financing, investment, development, execution, and management of NuScale-powered projects and opportunities.
  • We are delighted to work with the Habboush Group and ENTRA1 as we continue to make progress toward delivering clean, reliable, and safe energy solutions to customers around the world, said NuScale President and Chief Executive Officer John Hopkins.
  • NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world.
  • While NuScale may elect to update these forward-looking statements at some point in the future NuScale specifically disclaims any obligation to do so.

NuScale Power Reports Second Quarter 2022 Results and Reaffirms Financial Outlook

Retrieved on: 
Wednesday, August 10, 2022
Climate Change, Technology, Other Energy, Nuclear, Utilities, Other Technology, Green Technology, Alternative Energy, Environment, Energy, Sustainability, Paragon, Telephone, U.S. Securities and Exchange Commission, Exercise, R, Form, Failure, Security (finance), NuScale Power, Instagram, HIPS, Contract, Research and development, Pandemic, Electricity, KGHM, Health, NRC, SMR, Investor relations, Technology, Plant, Copper, 45th G7 summit, Webcast, ID, Watt, Certification, Power plant engineering, Wind, Program management, United Kingdom, Growth, Income, COVID-19, Mission statement, Front-end loading, VSD, Goal, Weather, Climate change, NYSE, Common, NPM, Government, Chief commercial officer, Silver, Company, Twitter, Tom Pappalardo, Risk, Economics, Insurance, LinkedIn, Information technology, Renewable energy, Risk management, Facebook

NuScale Power Corporation (NuScale or the Company) (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular nuclear reactor (SMR) technology, today reported results for the second quarter and the first six months of 2022.

Key Points: 
  • NuScale Power Corporation (NuScale or the Company) (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular nuclear reactor (SMR) technology, today reported results for the second quarter and the first six months of 2022.
  • NuScale Power reaffirms its financial outlook including $16 million cash revenue for full year 2022.
  • We continue to accelerate our efforts to bring our technology to more customers around the world, said Chris Colbert, Chief Financial Officer of NuScale Power.
  • Risk Factors" in the Company's Form S-1 filed on May 13, 2022 and the Company's Second Quarter 10-Q, filed on August 11, 2022.

Fluor-Backed NuScale Power Signs Agreement to Accelerate Small Modular Reactor Commercialization

Retrieved on: 
Tuesday, December 14, 2021
Manufacturing, Retail, Urban Planning, REIT, Supply Chain Management, Landscape, Building Systems, Interior Design, Other Construction & Property, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Other Energy, Construction & Property, Utilities, Alternative Energy, Energy, Nuclear, Engineering, Carbon, U.S. Securities and Exchange Commission, LinkedIn, Â, Tom Pappalardo, NYSE, Primary energy, NRC, SMR, NASDAQ, LLC, Fluor Corporation, NuScale Power, Engineering, Department, Security (finance), FLR, PIPE, Facebook, YouTube, Congress, Technology, Corporation, Renewable energy, Fluor

Fluor has invested more than $600 million in NuScale Power since 2011 to help bring its technology to market.

Key Points: 
  • Fluor has invested more than $600 million in NuScale Power since 2011 to help bring its technology to market.
  • Fluor expects that the proposed transaction will bolster and accelerate the path to commercialization and deployment of NuScale Powers unique small modular nuclear reactor technology, said Alan Boeckmann, executive chairman, Fluor.
  • NuScale Power is the developer of the only SMR technology that has received Standard Design Approval from the U.S. Nuclear Regulatory Commission (NRC).
  • Fluor, together with NuScale Power, continues to advance the first SMR cost-reimbursable services contract with Utah Associated Municipal Power Systems (UAMPS).