NuScale Power and ENERCON Announce Strategic Partnership

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

NuScale Power, LLC and Enercon Services Inc. (ENERCON) are pleased to announce a new strategic partnership between the firms to support deployment of the NuScale Power Small Modular Reactor fleet worldwide.

ENERCON is taking an equity position in NuScale and will utilize its licensing expertise to support the development of the Design Certification Application (DCA). John Richardson, President of ENERCON, stated, “We are proud to join with NuScale to help the nuclear industry move forward with this important new technology. NuScale has demonstrated a leadership role since the inception of the NuScale Power Module in 2000. And with their recent selection as a winner of DOE SMR funding, that position has only been enhanced.”

John Hopkins, NuScale Power President and CEO, stated, “I am pleased to add ENERCON to our growing team of partners who are committed to the successful deployment of the safest Small Modular Reactor nuclear energy technology ever developed. ENERCON's experience and capabilities in the areas of new plant licensing will be a powerful asset moving forward.”

About Enercon Services Inc.

Enercon Services Inc. (ENERCON) is an engineering, environmental, and technical services company serving the energy industry with particular focus on nuclear power. Founded in 1983, the company currently provides engineering support to approximately 90 of the 100 nuclear power plants operating in the United States. With approximately 1500 employees in 26 offices throughout the United States and an office in Abu Dhabi, ENERCON is also a leader in supporting deployment of new nuclear power plants including preparation of complex licensing documents. ENERCON's corporate headquarters is in Kennesaw, Georgia.

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. 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's design offers the benefits of carbon-free nuclear power but takes away the issues presented by the cost of installing large capacity. A nuclear power plant using NuScale's technology is comprised of individual nuclear power modules; each produces 45 megawatts of electricity with its own combined containment vessel and reactor system, and its own packaged turbine-generator set. A power plant can include as many as 12 NuScale integral PWR modules to produce as much as 540 megawatts. The reactors are cooled by the natural circulation of water and can be shut down safely with no operator action, no AC or DC power, and no external water. 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. For more information visit: www.nuscalepower.com.