OREGON STATE UNIVERSITY

OSU spinoff company NuScale to receive up to $226 million to advance nuclear energy

12/12/2013

CORVALLIS, Ore. – A promising new form of nuclear power that evolved in part from research more than a decade ago at Oregon State University today received a significant boost: up to $226 million in funding to NuScale Power from the United States Department of Energy.

NuScale began as a spinoff company based on the pioneering research of OSU professor Jose Reyes, and since has become one of the international leaders in the creation of small “modular” nuclear reactors.

This technology holds enormous promise for developing nuclear power with small reactors that can minimize investment costs, improve safety, be grouped as needed for power demands and produce energy without greenhouse gas emissions. The technology also provides opportunities for OSU nuclear engineering students who are learning about these newest concepts in nuclear power.

“This is a wonderful reflection of the value that OSU faculty can bring to our global economy,” said Rick Spinrad, vice president for research at OSU. “The research conducted by Professor Reyes, colleagues and students at OSU has been a fundamental component of the innovation at NuScale.”

NuScale has continued to grow and create jobs in Oregon, and is bringing closer to reality a nuclear concept that could revolutionize nuclear energy. The Obama administration has cited nuclear power as one part of its blueprint to rebuild the American economy while helping to address important environmental issues.

In the early 2000s at OSU, Reyes envisioned a nuclear power reactor that could be manufactured in a factory, be transported to wherever it was needed, grouped as necessary to provide the desired amount of power, and provide another option for nuclear energy. It also would incorporate “passive safety” concepts studied at OSU in the 1990s that are already being used in nuclear power plant construction around the world. The design allows the reactor to shut down automatically, if necessary, using natural forces including gravity and convection.

The Department of Energy announcement represents a milestone in OSU’s increasing commitment to university and business partnerships and its goals of using academic research discoveries to promote new industries, jobs, economic growth, environmental protection and public health.

“OSU has made a strong effort to build powerful partnerships between our research enterprise and the private sector,” said OSU President Edward J. Ray. “The DOE support for NuScale is a vote of confidence in the strategy of building these meaningful relationships, and they are only going to pick up speed with our newest initiative, the OSU Advantage.”

The Oregon State University Advantage connects business with faculty expertise, student talent and world-class facilities to provide research solutions and help bring ideas to market. This effort is in partnership with the Oregon State University Foundation.

News of the NuScale grant award was welcomed by members of Oregon’s Congressional delegation.

 

“Oregon State University deserves a lot of credit for helping to develop a promising new technology that the Energy Department clearly thinks holds a lot of potential,” said Sen. Ron Wyden, chairman of the U.S. Senate Energy and Natural Resources Committee. “Today’s award shows that investing in strong public universities leads to innovative technologies to address critical issues, like the need for low-carbon sources of energy, while creating private sector jobs.”

U.S. Rep. Peter De Fazio added, “Congratulations to NuScale and Oregon State University. This is a big win for the local economy.” 

“This is an exciting time for us, as our students and faculty get incredibly valuable real-world experience in taking an idea through the startup and commercialization process,” said Kathryn Higley, professor and head of the Department of Nuclear Engineering & Radiation Health Physics. “We continue to work with NuScale as it goes through its design certification process, and we are particularly proud of Jose Reyes for his vision, enthusiasm and unwavering commitment to this concept.”

OSU officials say the development of new technologies such as those launched from NuScale could have significant implications for future energy supplies.

“The nation’s investment in the research of small-scale nuclear devices is a significant step toward a diverse and secure energy portfolio,” said Sandra Woods, dean of the College of Engineering at OSU. “Collaborative research is actively continuing between engineers and scientists at Oregon State and NuScale, and we’re proud and grateful for the role Oregon State plays in assisting them in developing cleaner and safer ways to produce energy.

Generic OSU

About Oregon State University: OSU is one of only two U.S. universities designated a land-, sea-, space- and sun-grant institution. OSU is also Oregon’s only university to hold both the Carnegie Foundation’s top designation for research institutions and its prestigious Community Engagement classification. Its more than 26,000 students come from all 50 states and more than 90 nations. OSU programs touch every county within Oregon, and its faculty teach and conduct research on issues of national and global importance.