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NuScale Ink MoU with CEZ for SMR Deployment

Power News - Published on Tue, 01 Oct 2019

Image Source: businesswire.com
NuScale Power announced that it has signed a memorandum of understanding with CEZ Group, a leading Czech utility conglomerate, to explore applications for NuScale’s small modular reactor as a long-term energy solution in the Czech Republic. The agreement marks the latest display of international interest in NuScale’s technology to help meet a growing demand for carbon-free energy. The agreement calls for a sharing of nuclear and technical expertise between the two companies as they examine applications for NuScale’s revolutionary SMR. Specifically, NuScale and CEZ will exchange information relating to nuclear supply chain development, construction and operation and maintenance.

The agreement comes as CEZ continues a broad-based evaluation of potential nuclear energy solutions, including the construction of SMRs and refurbishments to existing nuclear facilities. Nuclear power currently generates roughly 1/3 of all electricity in the Czech Republic. CEZ – one of the largest utility companies in Europe – currently operates two nuclear power plants in the country.

NuScale Chairman and Chief Executive Officer John Hopkins said that “I am confident that the simplified design and resulting lower operating costs of NuScale’s SMR make us the ideal technology to help CEZ meet a growing demand for cost-effective, carbon free energy. This agreement highlights the rapidly growing international interest in our technology, and will give us the opportunity to examine how best to deploy the NuScale SMR in Europe in the coming years.”

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Posted By : Rabi Wangkhem on Tue, 01 Oct 2019
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