NuScale Power seeks federal funds

NuScale Power seeks federal funds

Corvallis-based NuScale Power is seeking private investment and public financing as it tries to win regulatory approval for its small modular nuclear reactor technology.

Last year, NuScale sought a portion of a $452 million U.S. Department of Energy program to help it win regulatory approval for its technology. The department passed over NuScale in November, a major disappointment. Now, the Corvallis company is preparing to reapply.

Modular reactors are smaller than a conventional nuclear power plant, and less expensive. The federal government is promoting their development in pursuit of alternative energy sources.

Read more at OregonLive.com.

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