NuScale Power has signed a memorandum of understanding with North American steel manufacturer Nucor Corporation to explore the deployment of NuScale's VOYGR small modular nuclear reactor power plants at Nucor's scrap-based Electric Arc Furnace steel mills.
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Nucor Corporation has committed to a USD15 million private investment in public equity (PIPE) in small modular reactor developer NuScale Power. The investment increases total committed PIPE investment to USD236 million.