NuScale and Romanian Energy Company Sign Agreement to Explore SMRs for Romania

22 Apr 2019

NuScale Power announced that it has signed a memorandum of understanding (MOU) with Societatea Nationala Nuclearelectrica SA (SNN SA), a Romanian energy company, to exchange business and technical information on NuScale’s innovative nuclear technology. The goal of the agreement is to evaluate the development, licensing and construction of a NuScale small modular reactor (SMR) for a potential similar long-term solution in Romania. The agreement is the latest sign of growing international interest in NuScale’s innovative nuclear technology.

“With many years of experience in nuclear power, SNN SA understands the unique energy needs of Romania,” said John Hopkins, NuScale Power Chairman and Chief Executive Officer. “NuScale looks forward to showcasing our safe, scalable, and reliable nuclear technology, and collaborating with SNN SA to determine what role NuScale’s technology can play in Romania’s energy future.”

“As the only nuclear power provider in Romania, we see great potential in SMRs because of the clean, safe, and affordable power they provide,” said Cosmin Ghita, Chief Executive Officer of Nuclearelectrica. “We look forward to working with NuScale to see how their groundbreaking technology can benefit our customers and power Romania’s energy needs.”

NuScale’s technology is the world’s first and only SMR to undergo design certification review by the U.S. Nuclear Regulatory Commission (NRC). The NRC is scheduled to complete its review of NuScale’s design in September 2020. NuScale has also signed MOUs to explore the deployment of its SMR technology in Canada and Jordan.

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