NuScale Power Announces Campaign to Select Fabrication Partners

PORTLAND, Ore.--(BUSINESS WIRE)--

NuScale Power announced today that it will begin its selection of fabrication partners for the NuScale Power Module^TM with NuFAB. NuFAB will be a one-day, invitation only event for potential supply chain partners on November 3, 2016 in Atlanta, Georgia. The purpose of the event is to kick-off the selection process for qualified and capable manufacturers who can participate in fabrication of the NuScale Power Module. The event will inform potential module fabrication partners of the selection process and will provide key information with respect to supplier and partner expectations.

NuScale has been working for more than a decade to develop the next generation of small, clean, and safe nuclear power, known as small modular reactors (SMRs). NuScale is the only American company dedicated solely to developing and commercializing this technology. At NuFAB, potential fabrication partners will get a first-hand look at the technology and access to engineers and company leaders advancing SMRs to help understand the manufacturing capabilities needed to bring NuScale's design to reality. The program will include presentations and Q&A by NuScale executives, procurement staff, quality assurance, and engineering.

The event will be held in Atlanta at a venue to be determined. All day conference and meeting events are scheduled for November 3, 2016, preceded by a reception on the evening of November 2, 2016. For information on obtaining an invitation to this event, send an email to NuFAB@nuscalepower.com.

"We are at the start of a process that will define the partners and partnerships to help deliver a groundbreaking SMR to the market," stated Scott Bailey, NuScale Power Vice President, Supply Chain. "NuScale is building a clean energy solution to the world's energy needs, and we need an elite team to participate with us. We are accelerating the process to build that team now."

About NuScale Power, LLC

NuScale Power, LLC is developing a new kind of nuclear plant; a safer, smaller, scalable version of pressurized water reactor technology, designed with natural safety features; a technology initially developed and tested at Oregon State University. Fluor Corporation FLR, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power, is the majority investor in NuScale. As the sole winner of the second round of the U.S. Department of Energy's (DOE) competitively-bid, cost-sharing program to develop nuclear small modular reactor (SMR) technology, NuScale is the only SMR developer currently receiving DOE financial support. NuScale's design offers the benefits of carbon-free nuclear power and reduces the financial commitments and risks associated with the cost of installing large capacity. A nuclear power plant using NuScale's technology is comprised of individual NuScale Power Modules™, each producing 50 megawatts of electricity (gross) with its own factory-built combined containment vessel and reactor vessel, and its own packaged turbine-generator set. A power plant can include as many as 12 NuScale Power Modules to produce as much as 600 MWe, gross (570 net, nominal, after house loads). The reactor coolant system uses simple properties of physics: convection, conduction and gravity, to drive the flow of coolant in the reactor. In the case of a loss of all off-site power to the plant, the NuScale Power Module shuts itself down and self‐cools for an unlimited period of time, with no operator action required, no need for additional water, and no AC nor DC power. NuScale power plants are scalable - additional modules are added as customer demand for electricity increases. NuScale's technology also is ideally suited to supply energy for district heating, desalination, and other applications. NuScale is headquartered in Portland, Oregon and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; and Richland, WA. For more information visit: www.nuscalepower.com or follow us on Twitter: @NuScale_Power.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160817005087/en/