Rensselaer Polytechnic Institute Opens NuScale Power Energy Exploration Center
Center to educate students on the importance of advanced nuclear technology with hands-on learning opportunities
Will allow students to practice simulated power plant operation scenarios, paving the way for the next generation of energy experts
NuScale Power Corporation (NuScale or the Company) (NYSE:SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the opening of an Energy Exploration (E2) Center™ at Rensselaer Polytechnic Institute (RPI) in Troy, New York. The cutting-edge training center will provide students from RPI's School of Engineering with the opportunity to gain a deeper, first-hand understanding of advanced nuclear technology and the important role it will play in the global energy transition, as well as the features and functionality unique to NuScale's particular SMR technology.
NuScale E2 Centers are innovative learning environments that offer a hands-on opportunity to experience simulated, real-world nuclear power plant operation scenarios. Using state-of-the-art computer modeling within a 12-module control room simulator, the E2 Center will allow users at RPI to assume the role of control room operator, providing the chance to apply nuclear science and engineering principles and gain real-life experience. The E2 Center will also facilitate community education on the benefits of nuclear power through demonstrations and tours for local leaders, K-12 students and the broader public.
"We are proud to join with the faculty and students at RPI to open this NuScale E2 Center aimed at showcasing the importance of nuclear energy," said John Hopkins, NuScale President and Chief Executive Officer. "We hope that this learning facility will foster collaborative problem-solving and creative solutions that inspire future energy pioneers and equip a nuclear-ready workforce."
"Having a high-quality simulator on campus will provide our students with exciting learning opportunities in the design, operation, and control of modern, small modular reactors," said Shekhar Garde, Ph.D., dean of the RPI School of Engineering. "This capability adds to the growing strength of RPI's School of Engineering in augmented, virtual, and digital technologies for education, where students can learn about everything from atoms to galaxies, and work on designing new drugs, airplanes, and, now, nuclear reactors."
The E2 Center at RPI was co-funded by a grant from the U.S. Department of Energy's Nuclear Energy University Programs (NEUP).
To date, NuScale has unveiled eight E2 Centers with university partners, including RPI, Oregon State University (Corvallis, Ore.), Texas A&M University (College Station, Tex.), Idaho State University (Pocatello, Idaho), University Politechnica (Bucharest, Romania), Seoul National University (Seoul, South Korea), The Ohio State University (Columbus, Ohio), and Ghana Atomic Energy Commission (Accra,Ghana). Learn more about NuScale E2 Centers here.
About NuScale Power
Founded in 2007, NuScale Power Corporation (NYSE:SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The Company's groundbreaking SMR technology is powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.
As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.
To learn more, visit NuScale Power's website or follow us on LinkedIn, Facebook, Instagram, X and YouTube.
Forward-Looking Statements
This release contains forward-looking statements (including without limitation statements "will," "believes," "expects," "anticipates," "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, including for NuScale's E2 Centers, the role of advanced nuclear technology in energy transition, and NuScale's positioning to serve customers, capital deployment, future growth, new awards, backlog, earnings and the outlook for the Company's business.
Actual results may differ materially as a result of a number of factors, including, among other things, the Company's liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company's results may differ materially from its expectations and projections.
Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the "SEC"), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled "Cautionary Note Regarding Forward-Looking Statements" and "Summary of Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at [email protected]. The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250324266857/en/
Media contact
Chuck Goodnight, Vice President, Business Development
[email protected]
Investor contact
Rodney McMahan, Senior Director, Investor Relations
[email protected]