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8 April, 2021

JGC Holdings Announces Participation in SMR Development by NuScale Power in the U.S.

On April 6, JGC Holdings Corporation (JGC) announced that it would expand its business overseas—engineering, procurement, and construction (EPC) for small modular reactors (SMRs)—and invest USD40 million in NuScale Power, LLC, a developer of SMRs in the United States.

NuScale, working at the Idaho National Laboratory, is developing a light-water small modular reactor (SMR) with a service target of 2029. The reactor will have an integrated containment diameter of 4.5m, a height of 23m and output of 77MW. SMRs feature improved reliability through simplified systems with smaller cores, and can be manufactured in factories as modules for delivery. Given the substantially reduced construction times and costs in comparison with 1000-MW-class reactors, competition for their development is seen in multiple projects overseas, not only in the United States, but in other advanced nuclear technology countries, including Canada and England. In addition to the expected potential of an expanding SMR market in the future, JGC hopes that SMRs will contribute—on a ...more
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