NuScale signs MOU with Bruce Power to support efforts to bring small modular reactor technology to Canada
NuScale Power signed a memorandum of understanding (MOU) with Bruce Power L.P., Canada’s first private nuclear generator, to develop a business case to introduce NuScale’s small modular reactor (SMR) technology to the Canadian market.
Through the agreement, Bruce Power will support evaluation, planning and licensing activities. This will include studies on the impacts of deployment of a NuScale plant in the province, feasibility studies for proposed SMR sites, and other risk evaluation exercises to show how SMR deployment can benefit Canadians.
The NuScale design has advanced to a stage where Bruce Power can participate in understanding and developing a conceptual business case as part of our efforts to provide low-cost, clean, reliable electricity to Canadian families and businesses. We look forward to working with NuScale.—Bruce Power President and Chief Executive Officer Mike Rencheck
Bruce Power is a privately-owned operator of nuclear power generating stations and provides 30% of the power delivered in the Province of Ontario at 30% below the average cost to produce residential power through its operation of approximately 6,400 MW of nuclear generation capacity.
In May 2018, Bruce Power and the County of Bruce announced a partnership to establish the Nuclear Innovation Institute (NII) as an international center of excellence for applied research and training, which will evaluate applications for new nuclear technologies including Small Modular Reactor (SMRs).
The announcement follows an MOU that NuScale signed earlier this month with Ontario Power Generation Inc. to support NuScale in its vendor design review with the Canadian Nuclear Safety Commission.
The US Nuclear Regulatory Commission is scheduled to complete NuScale’s Design Certification application in September 2020.
NuScale Power is developing a new modular light water reactor nuclear power plant to supply energy for electrical generation and process heat applications including district heating and desalination. The small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module capable of generating 60 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology.
The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.