Leading provider of proprietary and innovative advanced nuclear small modular reactor technology NuScale Power LLC & Spring Valley Acquisition Corp announced that US steel maker Nucor Corporation has committed to USD 15 million private investments in public equity in furtherance of the NuScale-Spring Valley business combination. This increases the total PIPE commitment for this transaction to USD 236 million. Nucor President & Chief Executive Officer Mr Leon Topalian said “Sustainability is driving the business decisions of leading companies around the world. As America’s largest steel producer and a significant energy consumer, we are looking for safe and reliable sources of power generation that are consistent with our sustainability goals. The continued development of small modular nuclear reactors is critical to ensure our nation has carbon-free, baseload power, which is why we are making this investment in NuScale.”Headquartered in Portland Oregon, NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor technology is offered in scalable sizes, including a VOYGR-12 power plant, which includes 12 (77 MWe) NuScale Power Modules, using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale also offers smaller power plant solutions, the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe), though others will be possible. NuScale’s NPM can serve as a reliable, carbon-free source of power that complements renewable sources such as wind, solar and hydropower generation. The NPM can provide consistent baseload power with available load-following, no matter the time of day, weather or season. Its unique design and safety features allow it to be easily integrated into electric grids or used in a variety of industrial applications, such as water desalination, commercial-scale hydrogen production and carbon-capture technology.The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting nuclear projects.