Home Must Reads NuScale must reapply for grant

NuScale must reapply for grant

| Print |  Email
Must Reads
Wednesday, November 21, 2012

Corvallis-based NuScale Power has to reapply for a large federal nuclear power grant it had been counting on.

NuScale has been seeking funds from a $452 million U.S. Department of Energy program, but the government awarded a portion of that to Babcock & Wilcox, a company that is developing their own modular nuclear reactor technology.

Modular reactors, about one-third the size of a conventional nuclear power plant, are designed to be less expensive -- and potentially safer -- than existing plants. The federal government is promoting their development in pursuit of alternative energy sources.

The federal decision represents at least a temporary setback for NuScale, which spent much of 2011 overcoming the collapse of its majority investor, a defunct Connecticut firm called the Michael Kenwood Group.

Read more at OregonLive.com.

{biztweet}nuscale{/biztweet}

 

More Articles

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS