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  1. Jan 20, 2023 · The U.S. Nuclear Regulatory Commission (NRC) issued its final rule in the Federal Register to certify NuScale Power’s small modular reactor. The company’s power module becomes the first SMR design certified by the NRC and just the seventh reactor design cleared for use in the United States. The rule takes effects February 21, 2023 and ...

  2. Feb 8, 2023 · The reactors were supposed to start up in 2017. They still haven’t, and the project’s total cost has doubled, to over $30 billion, since construction began a decade ago. By contrast, NuScale ...

  3. Jan 23, 2023 · Jan 23, 2023, 12:17 PM PST. An artist’s rendering of NuScale Power’s small modular nuclear reactor plant. Image: NuScale. For the first time, the US Nuclear Regulatory Commission (NRC) has ...

    • NuScale. This advanced nuclear reactor company–which went public in 2022– is leading a number of large-scale projects across Central and Eastern Europe.
    • TerraPower. Nuclear innovation company TerraPower was founded in 2008 by Bill Gates and other private sector leaders. The company is now recognized as an international leader in the SMR space, having secured a whopping $80 million in federal funding from the U.S. Department of Energy (DOE) in 2020 to support the development of its next-generation Natrium nuclear reactor.
    • Westinghouse Electric Company. Leading SMR company Westinghouse Electric propelled to the forefront of the nuclear technology industry with its transportable eVinci™ micro reactor.
    • BWXT Advanced Technologies. SMR developer BWXT Technologies will build the first advanced nuclear microreactor in the United States. The nuclear solutions firm was selected by the U.S. Department of Defense’s (DoD) Strategic Capabilities Office to manufacture a full-scale mobile microreactor prototype to be delivered for testing to the Idaho National Laboratory in 2024.
  4. Jul 10, 2024 · Oklo's 'Aurora powerhouse' reactor will cost around $70 million for the 15 MW version, with levelized cost of electricity (LCOE) of somewhere between $80-$130/MWh, depending on use and location ...

  5. Aug 9, 2024 · The NRC refers to light water reactor (LWR) designs generating 300 MWe or less as small modular reactors (SMRs). The NRC has engaged in varying degrees of pre-application activities with several SMR designers over the past several years. In August of 2020, the NRC approved a design for an SMR from NuScale Power, LLC.

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  7. Oct 6, 2023 · Small Modular Reactors (SMRs) have a history dating back several decades, and their development has been driven by various factors, including the need for safer and more flexible nuclear energy options. Here's a brief history of SMRs: Early Concepts (1950s-1970s): The concept of smaller nuclear reactors began to emerge in the mid-20th century ...