University of Nevada, Las Vegas Opens NuScale Power Energy Exploration (E2) Center™

Yahoo

02-04-2025

NuScale's E2 Center simulator to offer hands-on nuclear science and engineering learning opportunities
CORVALLIS, Ore., April 02, 2025--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, today announced the opening of its next Energy Exploration (E2) Center™ at the University of Nevada, Las Vegas (UNLV) to help support the development of a skilled nuclear-ready workforce. The E2 Center at UNLV was co-funded by a grant from the U.S. Department of Energy's Nuclear Energy University Program (NEUP).
NuScale E2 Centers are innovative learning environments that offer users an exciting hands-on learning opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios. Using state-of-the-art computer modeling within a 12-module NuScale SMR control room simulator, the E2 Center will allow students at UNLV to take on the role of control room operator, providing the chance to gain real-life experience. The E2 Center will also provide a means to conduct outreach to the community on the benefits of nuclear power through demonstrations and tours for local leaders, K-12 students, and the broader public.
"We are honored to collaborate with the faculty and students at UNLV in launching this NuScale E2 Center, highlighting the critical role of nuclear energy in shaping the future of power generation," said John Hopkins, NuScale President and Chief Executive Officer. "This facility will provide hands-on learning opportunities, spark innovation, and prepare the next generation of energy leaders to drive advancements in the field."
"The state-of-the-art small modular reactor simulator at UNLV will create a new paradigm in nuclear engineering training and research, providing our students with learning opportunities in the design and operation of modern nuclear power plants," said Alex Barzilov, Ph.D., professor of mechanical engineering at UNLV. "This laboratory adds to the growth of our nuclear engineering program and provides an innovative learning environment where students can study reactor physics and experience advanced nuclear reactor technology in a digital control room setting."
The E2 Center housed at UNLV joins a global network of nine NuScale centers at leading universities across North America, Europe, Africa, and Asia, including Idaho State University, Ohio State University, Oregon State University, Rensselaer Polytechnic Institute, Texas A&M, University Politehnica of Bucharest, Ghana Atomic Commission, and Seoul National University. 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 containing terms such as "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 nuclear energy in the future of power generation, 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 [e-mail]. The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.
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Investor contact Rodney McMahan, Senior Director, Investor [e-mail]