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NuScale Power Secures Samsung C&T Corporation Investment and Support for Global SMR Deployment

NuScale Power announced today that Samsung C&T Corporation has agreed to make an equity investment in the company to help fund the deployment of its ground-breaking tiny modular reactor (SMR). In conjunction with the investment, Samsung C&T and NuScale’s main engineering, construction, and procurement (EPC) partner, Fluor Corporation, are working on a business collaboration agreement to expand the capabilities available for the future NuScale project deployment.

Samsung C&T, a reputable nuclear power plant contractor, helped build the four-unit Barakah Nuclear Power Plant in the United Arab Emirates. Samsung C&T will act as a strategic partner to Fluor and other prospective project participants under its agreements with NuScale and Fluor, relying on its nuclear construction expertise to complete the Barakah Plants and Uljin South Korea Nos. 5 and 6 Plants.

NuScale made history the first and only SMR to receive design approval from the US Nuclear Regulatory Commission in August 2020. In July 2021, the Commission published the proposed rule that would certify the NuScale design – a critical step toward the construction and deployment of this SMR technology. The firm maintains strong program momentum toward commercialization of its SMR technology, including supply chain development, standard plant design, plant delivery program planning, and startup and commissioning plans.

About NuScale Power
NuScale Power has introduced a new modular light water reactor nuclear power plant that will provide energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. This ground-breaking small modular reactor (SMR) design incorporates a fully factory-fabricated NuScale Power Module capable of producing 77 MW of electricity through a safer, smaller, and more scalable form of pressurized water reactor technology. The scalable design of NuScale—power plants that can house up to four, six, or 12 individual power modules—provides the benefits of carbon-free energy while reducing the financial commitments associated with gigawatt-sized nuclear facilities. Fluor Corporation, a global engineering, procurement, and construction company with a 70-year of experience in commercial nuclear power, is the majority shareholder in NuScale.

About Samsung C&T’s Engineering & Construction Group
The Engineering & Construction Group of Samsung C&T has more than 40 years of engineering and construction expertise operating globally. The group focuses on commercial and residential buildings, civil infrastructure, and plant construction. Its major projects include the world’s tallest building, the Riyadh Metro Project in Saudi Arabia, and the 5,600MW Barakah Nuclear Power Plant Project in the UAE.

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SPX FLOW Launches Universal 2 ND Pump Series Designed Uniquely for Industrial Market

PR Newswire | January 29, 2024

SPX FLOW, has released the Universal® 2 ND Positive Displacement Pump (U2 ND) Series designed with industrial users in mind. The pumps offer the quality and durability the Waukesha Cherry-Burrell brand is known for while optimizing cost and suitability for the industrial market. The U2 ND series significantly expands the WCB pump range, aimed at enhancing reliability and performance across industrial applications while outperforming other pump styles, such as industrial lobe, gear or progressive cavity pumps.The design features improvements uniquely suited for industrial applications, including: Total cost of ownership: The pumps ensure a long running life, given their robust construction materials and designs tailored for each application. Because of its high volumetric efficiency, the pumps can be used to dose fluids, eliminating the need for an additional metering pump.  Efficiency: The U2 ND pump reduces slip, which occurs when fluids move backward from the liquid flow due to internal clearances. Lower slip means more efficiency, reducing the need for higher horsepower motors. Also, the series can process fluids over longer spans due to its high-pressure capability, which reduces the need for multiple pumps in these applications. Reliability: WCB is a proven and trusted global brand dating back to the 1880s. The pumps are made with durable, corrosive-resistant materials compatible with industrial environments. A robust design, equipped with industrial flanges or sanitary fittings, ensures manufacturers can choose the configuration to meet their needs.  Additionally, an extensive sales channel and domestic manufacturing footprint support this pump series, enabling quick deliveries on standardized parts across the entire Universal pump product line. The U2 ND series is complemented by the Universal Industrial 5000 series, which is tailored for users who require OEM (Original Equipment Manufacturer) seals for their industrial pumping operations. Julien Bassett, Pumps Global Product Manager: "Waukesha Cherry-Burrell has extensive experience offering pumps to customers built with their needs in mind. We wanted to expand our offerings to provide quality and durability of the SPX FLOW brand while catering to the unique needs of industrial manufacturers and their applications."

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PirTano Construction acquires Powerlink Electric

PR Newswire | January 25, 2024

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JRM Construction Completes New Headquarters for Rémy Cointreau at 3 Times Square

PR Newswire | January 30, 2024

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Business Wire | February 01, 2024

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SPX FLOW Launches Universal 2 ND Pump Series Designed Uniquely for Industrial Market

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PirTano Construction acquires Powerlink Electric

PR Newswire | January 25, 2024

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