- Feb 18, 2021 12:25 am GMT
"NuScale Power announced today that it has signed a memorandum of understanding (MOU) with Bulgaria’s Kozloduy Nuclear Power Plant - New Build Plc (KNPP-NB) to consider deploying NuScale’s innovative small modular reactor (SMR) technology at the Kozloduy power plant location.
"KNPP-NB is a public limited company established to commission new nuclear power capacity on the existing nuclear power site. This MOU further demonstrates the strong international interest in NuScale’s technology as a premier means to aid the transition to carbon-free energy across the globe.
“'NuScale’s safe, scalable technology is a perfect solution for Bulgaria as it looks to expand and diversify its clean energy portfolio,' said John Hopkins, NuScale Power Chairman and Chief Executive Officer. 'NuScale is excited to work with a prominent energy partner, such as KNPP-NB, on this potential deployment of our technology, and we look forward to demonstrating the numerous benefits our SMRs can bring to the region.'
“'he need to implement safe, reliable and maneuverable power onsite at Kozloduy is well understood,' said Lyuben Marinov, KNPP-NB Chief Executive Officer. 'The NuScale SMR is one of the best options to achieve European and Bulgaria policy goals in a liberalized power market, improve the security of energy supply, and add sufficient value in national gross domestic product (GDP).'"
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