NuScale signs an MOU with Sargent & Lundy

05 June 2019

NuScale Power LLC and Sargent & Lundy announced a memorandum of understanding (MOU) for a strategic relationship to support the deployment of NuScale Plants worldwide.

Sargent & Lundy, a global leader in power engineering, will bring its expertise to the larger U.S.-led team working to build NuScale’s groundbreaking NuScale Power Module™ (NPM), America’s first small modular reactor.

Under the terms of the MOU, Sargent & Lundy will become a NuScale investor, proceed with the development of the standard plant design based on the U.S. Design Certification Application, and will provide additional architect-engineer support as agreed by NuScale and Sargent & Lundy. Fluor Corporation will continue to be the EPC for plant construction as planned and will work with NuScale and Sargent & Lundy on aspects of the NuScale standard plant design.

Under the terms of the MOU, the companies are aiming to close the strategic relationship within the next 30 days.

NuScale’s technology is the 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.

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