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    US gives Romania US $ 14 million to have Europe’s first mini-reactor power plant


    June 27, 2022 - Financial Services Monitor Worldwide

     

      The US government, along with US company NuScale Power, will fund $ 14 million in design research for the installation of Europes first SMR (small modular reactor) plant in Romania. The announcement was made by the White House at the G7 Summit and was welcomed by President Klaus Iohannis, who emphasized that ensuring energy security is a common goal of bilateral strategic partnerships.

      President Joe Biden has come to Germanys G7 Summit with the aim of initiating partnerships with developing countries in the area of ??infrastructure investment. White House statement..

      The US government and US company NuScalePower LLC (Tigard, Oregon) will provide $ 14 million to support front-end engineering and design research for Romania to deploy its first small modular reactor (SMR) plant. Based on US government efforts, including advocacy support from commerce and technical assistance from states and USTDA, this investment mobilizes billions of dollars to demonstrate US ingenuity and cleanliness in the advanced nuclear sector. It aims to accelerate the energy transition and create thousands of people. Strengthen European energy security while maintaining the highest levels of nuclear security, security and non-proliferation.A statement about Romania said.

      In Romania, the American company NuScale Power will build the first small modular reactor plant of its kind, which will make online zero-emission nuclear energy faster, cheaper and more efficient in Europe. The US government is helping to accelerate the development of this groundbreaking American technology, which will strengthen the energy security of Europe and thousands of people in Romania and the United States. Jobs are created. These deals are just a few of the ones in the store. And theyre ready. Were all ready to work together. Read President Joe Bidens statement.

      Romanian President Klaus Iohannis welcomed the decision on Twitter.

      The Prime Minister added that Romania will build reactors 3 and 4 from Cernavod? in parallel with the development of SMR technology. The production of nuclear energy contributes to reducing the degree of pollution produced by thermal power plants and increasing the degree of environmental protection. Both are goals envisioned by the European Union as a whole. PMCiuc? says.

      Romanias first Small Module Reactor (SMR) is NuScale, an American company announced last month at a seminar in Bucharest in collaboration with the U.S. Department of Commerce, installed at a former thermal power plant in Doice?ti, Dmbovi?a County, Nuclear electrica. .. Therefore, Romania will be one of the first in the world and the first in Europe to implement the innovative and safe technology of NuScale small module reactors that enable clean energy supply.

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