NuScale Power, the independently managed operating unit of
), recently inked an agreement with the U.S. Department of Energy
(DOE) for the development of next-generation nuclear reactor
Under the five-year, public-private partnership, Oregon-based
NuScale Power will receive matching funds from the DOE to
facilitate the development of its nuclear small modular reactor
(SMR) technology. The $217 million funding will be used for the
advancement, licensing and commercialization of SMR technology.
To address mounting global energy challenges, NuScale has conceived
a clean, reliable and economical technology that provides diverse
energy sources and reduces emissions as well. The innovative SMR
technology enables the integration of the reactor, steam generator,
pressurizer and containment into a single module which is
manufactured in a factory. The assembled reactor is then shipped
and installed at the plant site to meet its energy demand.
The reactors have extremely safe passive cooling systems and offer
a unique scalability feature, wherein the SMR can accommodate
growing electricity demand by simply adding modules as needed.
Improved quality and flexibility, shorter lead times and lower
capital costs are some additional advantages of the SMR technology,
making it ideal for the replacement of the old fossil-fuel based
Globalization, population growth and increase in middle-class
consumerism are reshaping present-day electricity requirements,
leading to greater need for cost-efficient and emission-free energy
With global electricity demand interminably scaling newer heights,
nuclear energy is emerging as one of the best alternatives to the
world's dependence on a finite oil supply, safeguarding the
environmental concerns as well. That the revolutionary SMR
technology holds strong promise for the future is evident from its
triumph in the competitive process for the DOE reward and ultimate
Fluor has been assisting NuScale in its quest to find a long-term
energy solution since 2011 by providing the engineering,
procurement, construction and maintenance of nuclear power plants.
NuScale's collaboration with Fluor, coupled with the federal funds,
should aid in promoting this revolutionary technology. NuScale
intends to submit its design certification application in the
second half of 2016, with certification approval expected in 2020.
Fluor currently has a Zacks Rank #3 (Hold). Some better-ranked
stocks in the industry include
Pernix Group Inc
Willdan Group, Inc.
Quanta Services, Inc.
). While Pernix and Willdan sport a Zacks Rank #1 (Strong Buy)
each, Quanta holds a Zacks Rank #2 (Buy).
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