The Philippines will have SMR nuclear reactors from NuScale
NuScale Power Corp., a publicly traded American company that designs and markets small modular reactors (SMRs), on Monday (early Tuesday in Manila) revealed plans to build up to $7.5 billion worth of SMRs in the Philippines.
The leaders of NuScale Power communicated their intention in a meeting with President Ferdinand Marcos Jr. shortly before he traveled to the White House to meet with US President Joe Biden. Marcos, who is in the US capital for a five-day working visit, said NuScale's SMR project would be critical to addressing the country's energy shortage, which has caused hours-long outages in several provinces.
Nuscale SMR reactors
Presidential Communications Secretary Cheloy Garafil said the project was an unsolicited proposition from NuScale and its local partner, Prime Infrastructure Capital Inc. to tycoon Enrique Razon Jr. who is among the business leaders accompanying the president on his first official trip to Washington.
“There are no specific areas yet. But they are looking at the island of Luzon,” Garafil told the Inquirer.
Oregon-based NuScale Power said it will soon conduct a study to identify possible sites for its SMRs in the Philippines. Clayton Scott, the CEO of NuScale says their technology is the product of research conducted by nuclear scientists and is the "first and only of its kind" to have obtained approval from the US Nuclear Regulatory Commission, which last January approved the design of the country's first small reactor, an advanced 50 megawatt (MW/h) light-water SMR developed by NuScale Power. The system is also considered safe because it uses light water with natural circulation, without delicate pumps, and should switch itself off in the event of an accident.
According to the International Atomic Energy Agency (IAEA), SMR reactors are a fraction of the size and cost of a conventional nuclear reactor and can produce low-carbon electricity at about one-third the generating capacity of nuclear plants traditional.
Due to its modular nature, SMRs can be factory assembled and transported as a unit to a location, to be installed into an existing power grid or remotely off-grid, making them ideal for isolated areas with The world's first advanced SMR is off the Arctic coast of Russia and went into operation in May 2020, ship-based.
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The article The Philippines will have NuScale SMR nuclear reactors is from Scenari Economics .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/le-filippine-avranno-reattori-nucleari-smr-della-nuscale/ on Thu, 04 May 2023 13:36:26 +0000.