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August 18, 2021

NuScale Power

NuScale Power has signed a memorandum of understanding with Xcel Energy, a leading energy utility provider, to explore the feasibility of Xcel Energy serving as a plant operator at NuScale Plants. NuScale is a leader in developing advanced small modular reactors that are considered the next generation of carbon-free nuclear plants. NuScale is seeking an experienced nuclear plant operator to provide potential customers with the operational support needed to generate carbon-free energy using advanced reactor technology. Under the MOU, the two parties will examine the potential for Xcel Energy to become NuScale's preferred partner to provide a suite of operational power plant services to NuScale customers based on Xcel Energy's nuclear operational management systems. The MOU does not include a formal operating agreement, but it creates a framework for negotiating definitive agreements for Xcel Energy and NuScale to work together. NuScale is headquartered in Portland, and has offices in Corvallis, Oregon; Rockville, Maryland; Charlotte, North Carolina; Richland, Washington; and London. Xcel Energy is headquartered in Minneapolis.




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