Small modular reactor developer NuScale Power Corporation has announced measures, including the loss of 154 employees, which it says will save USD50-60 million a year and "better position itself commercially, financially, and strategically".
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.
The Japan Bank for International Cooperation has made a strategic investment of USD110 million in NuScale Power of the USA through a purchase of equity from Fluor Corporation, who remains the majority owner in NuScale. NuScale said the investment represents an expansion in US-Japanese cooperation to progress the deployment of advanced nuclear energy technology.