During the meeting in the US, Oregon-based NuScale Power Corporation, which is known for developing a small nuclear power system, described as safe, modular, and scalable, said it is planning to conduct a study to locate a site in the Philippines.
NuScale is expected to invest $6.5 to 7.5 billion to provide 430 megawatts to the country by 2031.
Marcos said the company’s support will help the country as it faces a growing demand for electricity and a need to diversify its energy sources.
“We need everything. We just have to have everything and this new technology is something,” the President said.
Clayton Scott, NuScale executive vice president for business, expressed confidence that their technology, particularly the NuScale’s small modular reactor (SMR), which was borne of research by leading nuclear scientists supported by the US government, “will perform as expected.”
The firm’s SMR is the first and only one of its kind to receive design approval from the US Nuclear Regulatory Commission.
It already has existing projects in Utah, Romania, Indonesia, and Poland providing safe, reliable and cost competitive clean energy to consumers.
Joining the President in the business meeting were Speaker Martin Romualdez, Trade Secretary Alfredo Pascual, Energy Secretary Raphael Lotilla, Special Assistant to the President Secretary Antonio Lagdameo Jr., Communications Secretary Cheloy Garafil, and Philippine Ambassador to the US Jose Manuel Romualdez. (SunStar Philippines)