NuScale Power (SMR) +7.2% pre-market Thursday after saying it will partner with Oak Ridge National Laboratory to utilize an artificial intelligence-enabled nuclear design framework to strategically explore and optimize fuel management across multiple reactors at a single site.
The partnership, funded by the U.S. Department of Energy’s Gateway for Accelerated Innovation in Nuclear initiative, will utilize an AI-enabled nuclear design framework to optimize fuel management for a 12-module reactor configuration.
By sharing fuel across modules, NuScale (SMR) believes it may find ways to improve overall plant fuel efficiencies beyond what can normally be achieved in a single reactor plant, potentially reducing costs.
“We are thrilled to be collaborating with ORNL, with the support of the DoE, to assess exciting new opportunities for potentially managing fuel even more efficiently across multiple nuclear reactors and further reducing costs going forward,” NuScale (SMR) President and CEO John Hopkins said.