NuScale Power submits Part II of loan guarantee application with USDOE


US-based NuScale Power has submitted Part II of its Title XVII loan guarantee application to the US Department of Energy (USDOE).

USDOE is inviting applications for loan guarantees to fund US-based projects using new nuclear energy technologies that avoid, reduce, or seize the emission of greenhouse gases.

If the application is approved, the loan is expected to help construct a carbon-free power project (CFPP), which will be one of the first small modular reactors (SMR) to be built in the US.

Utah-associated municipal power systems (UAMPS) will own the facility, which is expected to be set up at Idaho National Laboratory.

NuScale Power is involved in the preparation of a combined construction and operating license application (COLA) for the CFPP under a deal awarded to the company by USDOE in 2015.

"The newly submitted application is expected to help construct the carbon free power project (CFPP)."

NuScale Power chairman and CEO John Hopkins said: “This application is another step in our successful partnership with the USDOE.

“With their ongoing support, we are well along the path to bringing this innovative design to market, creating jobs and preserving American leadership in nuclear technology.”

Earlier this year, NuScale submitted a design certification application to the US Nuclear Regulatory Commission (NRC).

The application was funded in part under USDOE’s licensing and technical support cost-share programme. It is currently under review.