NuScale Power (SMR)

[H2R]

Design draft application has several ‘significant’ issues, NRC staff says

https://www.utilitydive.com/news/nrc-nuscale-smr-small-modular-application-utah-uamps/637456/

As part of a pre-application readiness assessment, staff of the U.S. Nuclear Regulatory Commission identified “several challenging and/or significant issues” with the draft application for NuScale Power’s small modular reactor standard design while noting that it’s a work in progress, according to a Nov. 15 letter to the company.

NuScale officials say they will address the NRC’s comments in the final application which “remains on schedule for submittal this year.” The company is developing a 77-MW reactor and is working with Utah Associated Municipal Power Systems as its anchor customer.

Some “information needed to evaluate the core design is missing,” the NRC said in its letter. Critics of the Utah project say they expect addressing application deficiencies to cause delays in its rollout.

The company still intends on submitting by year end, but that's not super reassuring. A lot rides on this approval, including the first deliveries (UAMPS, etc.) hence the major revenue, and the confidence in the company's execution.

Best of luck with your investments!