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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

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    Velto Renewables supports the 360 MW offshore wind farm London Array

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

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    SeaMade secures €250m European loan for Belgian offshore wind farms

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    Lightsource BP pioneers UK's first night-time solar service

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    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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Home Nuclear Power

NuScale Power signs MoU with Xcel Energy to explore potential plant operations

in Nuclear Power, Press Statements
NuScale Power signs MoU with Xcel Energy to explore potential plant operations

NuScale Power, LLC is pleased to announce it has signed a memorandum of understanding (MOU) with Xcel Energy Inc. (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 exceptional 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.

“As demand for carbon-free, reliable energy grows, NuScale continues to lead the pack as the most innovative, game-changing technology solution that can make a real difference for generations,” said NuScale Chairman and Chief Executive Officer John Hopkins. “This agreement underscores NuScale’s ability to provide our customers not just with technology but also with the world-class operational support needed to ensure that countries, governments, utilities, and customers can provide the clean energy solution our communities need to thrive.”

Xcel Energy, which has more than 50 years’ experience operating nuclear plants, is the owner and operator of two of the highest performing nuclear plants in the country, both located in Minnesota.

“As the first major energy provider to announce a 100% carbon-free vision, we understand the need for new technologies to meet the need for always on, carbon-free electricity,” said Pete Gardner, senior vice president and chief nuclear officer, Xcel Energy. “We’re excited to explore a potential partnership with NuScale that advances the next generation of nuclear energy, a technology that has the potential to provide the reliable, carbon-free electricity needed for a clean energy future.”

NuScale made history in August 2020 as the first and only SMR design to ever receive approval from the U.S. Nuclear Regulatory Commission, and in July 2021 the NRC published the proposed final rule certifying the NuScale Plant design. NuScale maintains strong momentum towards the commercialization of its SMR technology by the end of this decade. NuScale and Fluor are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first clean energy, carbon-free SMR project to commercialization.

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News

bp to invest up to £18 billion in UK energy system by 2030

May 14, 2022
Giant offshore wind energy projects to be built in Irelands seas
News

Kier to deliver onshore converter station for offshore wind project in the north east

February 19, 2022
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