{"id":760178,"date":"2023-05-24T06:53:38","date_gmt":"2023-05-24T10:53:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuscale-power-joins-the-romanian-atomic-forum-supporting-romanias-goal-of-becoming-a-leader-in-advanced-nuclear-energy\/"},"modified":"2023-05-24T06:53:38","modified_gmt":"2023-05-24T10:53:38","slug":"nuscale-power-joins-the-romanian-atomic-forum-supporting-romanias-goal-of-becoming-a-leader-in-advanced-nuclear-energy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuscale-power-joins-the-romanian-atomic-forum-supporting-romanias-goal-of-becoming-a-leader-in-advanced-nuclear-energy\/","title":{"rendered":"NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy"},"content":{"rendered":"

<\/p>\n

NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy<\/b><\/p>\n

NuScale\u2019s decision to join ROMATOM reflects its dedication to promoting and implementing clean, nuclear energy initiatives in Romania<\/i><\/b><\/p>\n

PORTLAND, Ore.–(BUSINESS WIRE<\/a>)–
\nNuScale Power (NuScale) announced today that it joined the Romanian Atomic Forum (ROMATOM) as a supporting member to champion the association\u2019s nuclear energy goals and further the next generation of advanced nuclear technology experts, technologists, and operators in Romania. This move embodies NuScale\u2019s commitment toward the development of clean nuclear energy with small modular reactor (SMR) technology in Romania and the broader European region.<\/p>\n

\nEstablished in 2001, ROMATOM supports the safe and peaceful use of nuclear power and promotes the development of a Romanian national nuclear program, launched in the early 1970s. Romania, the first country in Europe to deploy a NuScale VOYGRTM <\/sup>SMR power plant, has more than 26 years of safe nuclear power plant operations experience. Romania also has over 50 years of nuclear industry supply chain experience, with most companies being ROMATOM members, as well as a highly respected and rigorous Nuclear Industry Regulator (CNCAN), and a robust engineering education system.<\/p>\n

\n\u201cNuScale is honored to join ROMATOM and continue the strong relationship between the United States and Romania in the nuclear industry,\u201d said John Hopkins, NuScale President and Chief Executive Officer. \u201cAt NuScale, we are committed to advancing the secure deployment of SMRs globally. We look forward to working with ROMATOM\u2019s community of industry leaders to increase Romania\u2019s nuclear capacity and to support the country\u2019s goal of becoming a leader in zero-carbon advanced nuclear energy across the region.\u201d<\/p>\n

\n“Joining of NuScale to ROMATOM is an important moment in our life and activity, contributing to a better knowledge of our capabilities by the American partner, ensuring the Romanian nuclear community a well-deserved place in the realization of the first NuScale VOYGR small modular reactor project in Romania,\u201d said Dr. Teodor Chirica, President Emeritus ROMATOM. \u201cThe project from Doicesti, Dambovita County, will pave the way for more flexibility and safety in the Romanian Power Grid, but also an alternative in the development of the national nuclear program.\u201d<\/p>\n

\nThis announcement builds upon the existing nuclear power collaboration between NuScale Power and Romania\u2019s state nuclear power corporation, S.N. Nuclearelectrica S.A. (SNN) and RoPower Nuclear S.A. (RoPower), a project development company established and jointly owned by SNN and Nova Power & Gas, S.R.L., a Romanian energy company. In 2021, NuScale and SNN signed a teaming agreement<\/a> to deploy the first NuScale six-module VOYGR-6, 462 MWe power plant in Romania by the end of this decade and earlier this year, NuScale and RoPower commenced Front-End Engineering and Design work<\/a> for a potential SMR deployment in Doicesti. Late last week at the G7 Summit in Hiroshima, Japan, the Biden Administration announced a global public-private commitment<\/a> of up to $275 million to advance the deployment of a NuScale\u2019s VOYGR SMR power plant in Romania. Following NuScale\u2019s first planned VOYGR plant deployment in the U.S., Romania has the potential to accommodate the first deployment of SMRs in Europe and to become a catalyst for SMRs in the region, as well as a base for supporting operations of this new technology in other countries.<\/p>\n

About NuScale Power<\/b><\/p>\n

\nNuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The company\u2019s groundbreaking VOYGR\u2122 SMR plants are powered by the NuScale Power Module\u2122, a small, safe, pressurized water reactor that can each 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 (12 modules) of output.<\/p>\n

\nAs the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.<\/p>\n

\nFounded in 2007, NuScale is headquartered in Portland, Ore. To learn more, visit NuScale Power’s website<\/a><\/b> or follow us on Twitter<\/a><\/b>, Facebook<\/a><\/b>, LinkedIn<\/a><\/b> and Instagram<\/a><\/b>.<\/p>\n

About ROMATOM<\/b><\/p>\n

The Romanian Atomic Forum – ROMATOM<\/a> is a Romanian legal entity under private law, an independent representative union at the national level, without patrimonial or profit-making purpose, non-governmental, non-profit, apolitical, made up of associated members or supporters. Its members are Romanian and\/or foreign legal entities whose object of activity is the production of electrical and thermal energy through nuclear processes or are suppliers of goods and service providers in the Romanian nuclear industry, as well as other legal entities that carry out activities in the field of power. ROMATOM supports the safe and peaceful use of nuclear power, promotes the development of a Romanian national nuclear program, and represents members\u2019 interests in their partnership with the European Atomic Forum.<\/p>\n

\nFounded in 2001, ROMATOM is headquartered in Bucharest, Sector 2, B-dul. Lacul Tei, nr. 1-3, etajul VIII, camera 813, cod postal 020371.<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis release may contain \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget\u201d or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale\u2019s results may differ materially from its expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing NuScale\u2019s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230524005103\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/strong>
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
\n
dhughes@nuscalepower.com
\n<\/a>
(503) 270-9329<\/p>\n

Investor Contact
\n<\/b>
Scott Kozak, Director, Investor Relations, NuScale Power
\n
skozak@nuscalepower.com
\n<\/a>
(541) 452-7583<\/p>\n

KEYWORDS:<\/b> Oregon United States Japan Romania North America Asia Pacific Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Nuclear Energy Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy NuScale\u2019s decision to join ROMATOM reflects its dedication to promoting and implementing clean, nuclear energy initiatives in Romania PORTLAND, Ore.–(BUSINESS WIRE)– NuScale Power (NuScale) announced today that it joined the Romanian Atomic Forum (ROMATOM) as a supporting member to champion the association\u2019s nuclear energy goals and further the next generation of advanced nuclear technology experts, technologists, and operators in Romania. This move embodies NuScale\u2019s commitment toward the development of clean nuclear energy with small modular reactor (SMR) technology in Romania and the broader European region. Established in 2001, ROMATOM supports the safe and peaceful use of nuclear power and promotes the development … <\/p>\n

Continue reading “NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760178","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuscale-power-joins-the-romanian-atomic-forum-supporting-romanias-goal-of-becoming-a-leader-in-advanced-nuclear-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NuScale Power Joins the Romanian Atomic Forum, Supporting Romania\u2019s Goal of Becoming a Leader in Advanced Nuclear Energy NuScale\u2019s decision to join ROMATOM reflects its dedication to promoting and implementing clean, nuclear energy initiatives in Romania PORTLAND, Ore.–(BUSINESS WIRE)– NuScale Power (NuScale) announced today that it joined the Romanian Atomic Forum (ROMATOM) as a supporting member to champion the association\u2019s nuclear energy goals and further the next generation of advanced nuclear technology experts, technologists, and operators in Romania. 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This move embodies NuScale\u2019s commitment toward the development of clean nuclear energy with small modular reactor (SMR) technology in Romania and the broader European region. 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