NuScale Power and Prodigy Clean Energy Advance SMR Marine Facility Design

NuScale Power and Prodigy Clean Energy Announce Conceptual Design for SMR Marine Power Station

PORTLAND, Ore.--(BUSINESS WIRE) -- NuScale Power LLC (NuScale) and Prodigy Clean Energy Ltd. have announced a new conceptual design for a transportable and marine-based small modular reactor (SMR) power generating facility that provides dramatically improved transportability, manufacturability, economics, safety, and security. The updated concept will be used for engagements with utilities, regulators, and shipyard manufacturers.

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“NuScale is extremely proud to continue this partnership with Prodigy," said John Hopkins, NuScale Power President and Chief Executive Officer. “By combining Prodigy’s technologies with NuScale’s safe, scalable, and innovative SMR design, we are confident in our ability to deliver our carbon-free and cost-competitive SMR technology globally.”

“It is our privilege to partner with NuScale to expand global access to clean, baseload energy generation," said Mathias Trojer, Prodigy Clean Energy President and Chief Executive Officer. “By packaging the NPM into Prodigy’s marine facility, we will offer countries a near-term solution to address energy security and to decarbonize their economies."

Compared to terrestrial deployments, the benefits of using Prodigy’s technologies to deploy the NuScale VOYGR SMR power plant begins with manufacturing and outfitting of the entire marine facility in a shipyard, enabling expedited delivery. Further advantages include a significantly reduced capital expenditure; accelerated project schedule; minimized site preparation; reduced environmental impact; unlocked project financing structures that are not typically available to conventional site-constructed nuclear plants; and simplified and expedited decommissioning and site recovery. The marine facility’s design is standardized to allow for deployment at a wide variety of sites and for serial manufacturing.

About NuScale Power

NuScale Power (NYSE: SMR) has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.

Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.

About Prodigy

Prodigy Clean Energy is a Canadian developer of marine- and land-based Transportable Nuclear Power Plants (TNPPs). The company specializes in integrating existing, commercial power reactors into marine civil structures for commercial energy generation. Prodigy’s Microreactor Power Station™ and Small Modular Reactor (SMR) Marine Power Station™ TNPPs can be used to deploy reactors of various sizes and types, offering a range of power solutions from 1 megawatt to gigawatt scale. The principal benefits of Prodigy’s civil structure technologies include: i) Enhanced safety; ii) Significantly reduced capital investment and reduced risks of cost and schedule overruns; iii) Wider potential of siting opportunities; iv) Relocation and redeployment flexibility; v) Substantial decommissioning advantages, including immediate recovery of site, and reduced costs by means of off-site decommissioning at a dedicated facility; and vi) Benefits of enabled changes to commercial and financing arrangements that are not otherwise available for traditional site-constructed nuclear power projects.

Learn more at https://www.prodigy.energy. Follow us on Twitter: @ProdigyCEnergy.