Newbuild: NuScale's Downsized SMR Project Draws Interest

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Prospects for NuScale Power's inaugural small modular reactor (SMR) project are looking brighter since February, when the company downsized the prospective plant in Idaho to six modules of 77 megawatts each, or 462 MW in total. Interest among potential offtakers has grown and outside private capital investment now totals $192 million, according to an Aug. 3 announcement. Still, many uncertainties remain, including how and where the first modules will be built, and by whom, and who will operate the largely underground plant now that Energy Northwest has dropped out of the project.

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