Portal:Oregon/Selected article/168

NuScale Power is a private limited liability company headquartered in Tigard, Oregon that designs and markets small modular reactors (SMRs). As of 2014, the Department of Energy projected its technology would be commercially available around the year 2025. NuScale was founded based on research funded by the Department of Energy from 2000 to 2003. After funding was cut, scientists with the program obtained related patents in 2007 and started NuScale to commercialize the technology. In 2011, the company's largest investor had its assets frozen due to an investigation by the Securities Exchange Commission. The company experienced financial hardship until new funding was obtained from Fluor Corporation and later from the Department of Energy. NuScale is currently planning the first NuScale power plant in Idaho. NuScale's SMR designs are for 9 feet (2.7 m) by 65 feet (20 m) reactor vessels that use conventional light water cooling methods. Each module is intended to be kept in an underground pool and is expected to produce about 50 megawatts of electricity. It uses passive water-circulation that can operate without powered pumps or circulatory equipment.