• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EnvironmentNuclear Power

Nuclear energy gets boost as small reactor design certified for use in U.S.: ‘They are real and they are ready for deployment’

By
Jennifer McDermott
Jennifer McDermott
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Jennifer McDermott
Jennifer McDermott
and
The Associated Press
The Associated Press
Down Arrow Button Icon
January 21, 2023, 1:18 PM ET
An artist's rendering of the NuScale nuclear power plant layout.
An artist's rendering of the NuScale nuclear power plant layout.NuScale Power

The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor.

The rule that certifies the design was published Thursday in the Federal Register. It means that companies seeking to build and operate a nuclear power plant can pick the design for a 50-megawatt, advanced light-water small modular nuclear reactor by Oregon-based NuScale Power and apply to the NRC for a license.

It’s the final determination that the design is acceptable for use, so it can’t be legally challenged during the licensing process when someone applies to build and operate a nuclear power plant, NRC spokesperson Scott Burnell said Friday. The rule becomes effective in late February.

The U.S. Energy Department said the newly approved design “equips the nation with a new clean power source to help drive down” planet-warming greenhouse gas emissions.

It’s the seventh nuclear reactor design cleared for use in the United States. The rest are for traditional, large, light-water reactors.

Diane Hughes, NuScale’s vice president of marketing and communications, said the design certification is a historic step forward toward a clean energy future and makes the company’s VOYGR power plant a near-term deployable solution for customers. The first small modular reactor design application package included over 2 million pages of supporting materials, Hughes added.

However, David Schlissel at the Ohio-based Institute for Energy Economics and Financial Analysis expressed concerns about the costs. Schlissel, who has studied the history of the nuclear power industry and the finances of the NuScale project, expects they will continue to go up, which could limit how many NuScale reactors are built. He said he thinks they’re not competitive in price with renewables and battery storage.

Hughes said from wind and solar to hydrogen and nuclear, energy projects have seen cost increases due to changing financial market dynamics, interest rate hikes and inflationary pressures on the sector’s supply chain that have not been seen in decades. NuScale’s VOYGR power plant remains a cost competitive source of reliable, affordable and carbon-free energy, she added.

For many, nuclear power is emerging as an answer as states and countries transition away from coal, oil and natural gas to reduce greenhouse gas emissions and stave off the worst effects of a warming planet.

Roughly 40 serious concepts are in development for the next generation of advanced nuclear reactors worldwide. China was the first to connect a next-generation reactor to its grid to produce about 200 megawatts of electricity. A high-temperature, gas-cooled reactor began operating in 2021.

The U.S. Energy Department said it provided more than $600 million since 2014 to support the design, licensing and siting of NuScale’s VOYGR small modular reactor power plant and other domestic small reactor concepts. The department is working with Utah Associated Municipal Power Systems to demonstrate a six-module NuScale VOYGR plant at the Idaho National Laboratory. The first module is expected to be operational by 2029.

NuScale has signed 19 agreements in the U.S. and internationally to deploy its small reactor technology. Assistant Secretary for Nuclear Energy Kathryn Huff said small modular reactors are no longer an abstract concept.

“They are real and they are ready for deployment thanks to the hard work of NuScale, the university community, our national labs, industry partners, and the NRC,” Huff said in a statement. “This is innovation at its finest and we are just getting started here in the U.S.”

NuScale has also applied to the NRC for approval of a larger design, at 77 megawatts per module, and the agency is checking the application for completeness before starting a full review, Burnell said.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Authors
By Jennifer McDermott
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Environment

Elicker
LawCrime
New Haven mayor says police chief admitted to stealing money from department, accepts retirement
By The Associated PressJanuary 6, 2026
1 day ago
trump
PoliticsRare Earth Metal
Why Greenland appeals to Trump’s real-estate investor heart: location, location, location
By Danica Kirka and The Associated PressJanuary 6, 2026
1 day ago
data center
AIData centers
Angry town halls nationwide find a new villain: the data center driving up your electricity bill while fueling job-killing AI
By Marc Levy and The Associated PressJanuary 3, 2026
4 days ago
EnvironmentWhite House
‘I want nice, thin blood pouring through my heart'”: Trump talks health concerns, saying he takes more aspirin than recommended
By Michelle L. Price and The Associated PressJanuary 2, 2026
5 days ago
arctic
Environmentclimate
‘I opened her door and the wind caught me, and I went flying’: The U.S. Arctic air surge is sweeping northerners off their feet
By Holly Ramer and The Associated PressDecember 30, 2025
8 days ago
Tatiana
PoliticsObituary
Tatiana Schlossberg, granddaughter of JFK and cousin of Health Secretary RFK Jr., dies of cancer at 35
By Nick LichtenbergDecember 30, 2025
8 days ago

Most Popular

placeholder alt text
Law
Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid
By Sydney LakeJanuary 6, 2026
1 day ago
placeholder alt text
Economy
Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this
By Nick LichtenbergJanuary 6, 2026
1 day ago
placeholder alt text
Personal Finance
Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades
By Eva RoytburgJanuary 5, 2026
2 days ago
placeholder alt text
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
1 day ago
placeholder alt text
Success
The college-to-office path is dead: CEO of the world’s biggest recruiter says Gen Z grads need to consider trade and hospitality jobs that don't even require degrees
By Orianna Rosa RoyleJanuary 6, 2026
1 day ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 6, 2026
By Joseph HostetlerJanuary 6, 2026
1 day ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.