NuScale and Doosan lock in manufacturing deal for SMR components
When energy companies decide to come together instead of competing, they increase their chances of reaching captivating deals that they would not have managed on their own. Collaborations also allow companies to share the risks and responsibilities that are involved in energy projects, allowing companies to not crumble under the pressure of executing a project. The U.S. nuclear energy landscape continues to advance, with companies aiming to maintain the nation’s position as a powerhouse, which it has had for many decades. Recently, NuScale and Doosan locked in a manufacturing deal for SMR components.
Maintaining the momentum: NuScale Power wraps up the year in style
Companies that show the ability to capitalize on certain moments, as they understand how much the energy sector evolves, usually end up generating a tremendous amount of revenue that other entities do not if they are complacent. NuScale Power, founded in 2007, is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to assist in powering the global energy transition by delivering safe, scalable, and reliable carbon-free energy.
The company has adapted to different generations of the energy sector, which is why it has remained relevant for many decades. Nowadays, the NuScale Power Module is the company’s main groundbreaking technology. It is a small, safe, pressurized water reactor that can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe of output.
When companies collaborate and achieve success together, they are more inclined to remain in partnership and execute more projects in the future.
Advancing the nuclear sector: NuScale and Doosan lock in manufacturing deal
According to a press release from NuScale Power Corporation, the company has signed a contract with Doosan Enerbility. The contract covers the upper reactor coolant system and will be executed at Doosan’s reactor production facility in Changwon, Korea. This is a massive agreement that reflects the combination of two companies that are achieving success in the unique lanes that they operate in.
The agreement signed at a ceremony at Doosan Enerbility’s headquarters builds on a partnership that started in 2019. Since then, the two companies have systematically developed the manufacturing process, supply chain, and production infrastructure required to support deployment of NuScale’s U.S. Nuclear Regulatory Commission (NRC)-approved technology.
Doosan Enerbility is a South Korean heavy-industrial and energy-equipment manufacturer that is headquartered in Changwon, South Korea. The company was founded in 1962 and has gone on to exist in different eras, during which it acquired a tremendous amount of experience that it is relying on in the modern energy landscape.
Companies that exist through different decades deserve huge credit considering the rapid pace at which the energy sector transforms these days. The company is known for operating in the nuclear power field, as it produces reactor vessels, steam generators, pressurized heavy water reactors, and nuclear equipment.
What does the agreed contract mean for the future of Doosan and NuScale?
When companies collaborate and achieve success together, they are more inclined to remain in partnership and execute more projects in the future. The contract agreement moves the collaboration from preparation into production of the First Article for the upper reactor coolant system for the NuScale Power Module (NPM).
Reviewing the anticipated transformation of the nuclear energy sector?
The nuclear sector usually gets priority from countries like the United States because the energy source is useful both for electricity generation and security reasons. The agreement represents a significant step in NuScale Power converting its approved design into deliverable modules.
As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale is in a good position to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.
Prince is a versatile writer focused on energy, automotive, environmental, and general news topics. He makes complex technical and policy issues clear, engaging, and accessible for a broad audience.
