PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR) announced today the opening of the first privately-funded NuScale Energy Exploration Center (E2 Center) at Seoul National University (SNU) with partners GS Energy Corporation, Doosan Enerbility Co. Ltd., and Samsung C&T Corporation. As the first E2 Center in Asia, the educational training hub serves as a workforce development tool for South Korea to develop the next generation of advanced nuclear experts, technologists, and operators, positioning the country to become a regional leader of small modular reactor (SMR) deployment in Asia.
The E2 Center is an innovative learning environment that offers users a hands-on opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios. Through state-of-the-art computer modeling, visitors will take on the role of “control room operators” at a VOYGR™-12, 924 megawatts electric (MWe), SMR plant powered by 12 NuScale Power Modules™ to learn about the advanced features and functionality of NuScale’s technology.
The deepening partnership between NuScale and Korean energy industry leaders will help Korean companies advance their SMR capabilities significantly, which could lead to exports of Korean-supported SMRs in the future.
“NuScale’s groundbreaking SMRs are years ahead of the global competition as the only advanced nuclear technology with U.S. Nuclear Regulatory Commission approval, and today’s opening of the E2 Center allows South Korea to advance its position as a global leader in clean energy,” said Dr. José Reyes, NuScale Co-Founder and Chief Technology Officer. “With the support of our partners GS Energy, Doosan, Samsung C&T, and Seoul National University, we are excited to reach this new milestone in our collaboration to advance the shared goal of global decarbonization.”
The establishment of a NuScale E2 Center at Seoul National University will play a pivotal role in South Korea’s pursuit of their clean energy objectives. Through the hands-on learning experience provided by the E2 Center, South Korean nuclear experts and technologists will be equipped with the knowledge needed to ensure the safe operation of a NuScale VOYGR SMR power plant control room. This collaboration further underscores the increasing global support of NuScale’s SMR technology as the premier solution to advance the clean energy transition.
“The E2 Center provides our students with an unrivaled opportunity to engage in hands-on SMR operations, cultivating the expertise essential for leading the global clean energy transition,” said Professor Eung Soo Kim, Head of the Department of Nuclear Engineering at Seoul National University. “We are proud to be the first institution in Asia to integrate NuScale's state-of-the-art simulation technology into our curriculum.”
About NuScale Power
NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The company’s groundbreaking SMR technology is powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.
As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.
Founded in 2007, NuScale is headquartered in Portland, Ore. To learn more, visit NuScale Power’s website or follow us on LinkedIn, Facebook, Instagram, X and YouTube.
Forward Looking Statements
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Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the general economic conditions and other risks, uncertainties and factors (a) set forth in the section entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Company’s prospectus dated and filed with the U.S. Securities and Exchange Commission (“SEC”) on July 1, 2022, which is part of the registration statement on Form S-1 declared effective by the SEC on June 30, 2022, in the section entitled “Risk Factors,” (b) set forth in the section entitled “Risk Factors” and “Special Note Regarding Forward-Looking Statements” in the Company’s annual report filed on Form 10-K filed with the SEC on March 15, 2023, and under similar headings in prior filings with the SEC, and (c) associated with companies like the Company that operate in the energy industry. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@nuscalepower.com. The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events.
