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    NuScale Power Signs Research Collaboration Agreement for Clean Hydrogen Production


    December 5, 2022 - ENP Newswire

     

      PORTLAND, Ore. - NuScale Power, LLC (NuScale) along with Shell Global Solutions (Shell) and industry participants will develop and evaluate a concept for an integrated energy system (IES) economically optimized for hydrogen production using electricity and process heat from a NuScale VOYGR small modular reactor (SMR) power plant. The project, entitled 'Development and demonstration of a concept for an economically optimized HEI', will be completed in two phases. Other research participants include Idaho National Laboratory, Utah Associated Municipal Power Systems (UAMPS), Fuel Cell Energy, FPoliSolutions and GSE Solutions.

      NuScale's flexible SMR technology has the potential to balance and stabilize renewable-dominated power grids by producing hydrogen. Energy markets present reliability problems at a time when energy demand is high and renewable energy production is low. In these markets, hydrogen would be used as a final product or as a stored energy source that would be processed through a reversible solid oxide fuel cell (RSOFC) for electricity generation.

      'Hydrogen has been identified as a pathway to global decarbonization and NuScale's SMR technology complements this goal through low-carbon hydrogen production,' said John Hopkins, president and CEO of NuScale Power.

      A NuScale control room simulator will be modified to evaluate IES dynamics and will include models for the solid oxide electrolysis cell system (SOEC) for hydrogen production, plus an RSOFC for electricity production. The research will consider the number of NuScale Power Modules needed for use in SOEC hydrogen production and the amount of hydrogen stored for subsequent electricity production. In addition, the local economic factors of the UAMPS Carbon Free Power project will be evaluated, such as the impact on the Western Energy Imbalance Market, resource adequacy programs and other local market factors to be defined.

      'We are pleased to join this collaboration, which is in line with our efforts to explore technologies that have the potential to enable decarbonisation and support the energy transition,' said Dirk Smit, vice president of research strategy at Shell.

      About NuScale Power

      NuScale Power (NYSE: SMR) is ready to meet the diverse energy needs of customers around the world. It has developed a small modular reactor (SMR) nuclear technology to supply power for electricity generation, district heating, desalination, commercial-scale hydrogen production and other process heat applications. The innovative NuScale Power Module (NPM), a small and safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can scale to meet customer needs. NuScale's 12-module VOYGR-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) plants, as well as other configurations based on customer needs.

      Founded in 2007, NuScale is headquartered in Portland, Oregon with offices in Corvallis, Oregon, Rockville, Maryland, Charlotte, North Carolina, Richland, Washington, and London, United Kingdom. For more information, visit the NuScalewebsiteor follow us onTwitter, Facebook, LinkedInandInstagram.

      Forward-Looking Statements

      This release may contain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate,' 'plan,' 'project,' 'anticipate,' 'intend,' 'expect,' 'anticipate,' 'believe,' 'seek' or other similar expressions that predict or indicate future events or trends or are not statements of historical fact. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution should be exercised in reliance on these and other forward-looking statements. Due to known and unknown risks, NuScale's results may differ materially from your expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be considered representative of NuScale's valuations at any date subsequent to this release. Accordingly, undue reliance should not be placed on forward-looking statements.

      The communique in the original language is the official and authorized version thereof. This translation is only a means of assistance and should be compared with the original language text, which is the only version of the text that will have legal validity.

      Contact:

      Diane Hughes

      Vice President

      Marketing and Communications

      NuScale Power

      E: dhughes@nuscalepower.com

      T: (503) 270-9329

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