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NuScale Power Achieves Standard Design Approval from NRC for 77 MW SMR

LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.

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EIA Presents Analysis of California's Solar and Wind Power Curtailment Challenges

LCG, May 29, 2025--The U.S. Energy Information Administration (EIA) released an analysis yesterday showing that the California Independent System Operator (CAISO), the grid operator for most of the state, is increasing its curtailment of the rapidly growing solar- and wind-powered generation facilities in order to balance electricity supply and demand, which is necessary to maintain a stable electric system.

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Industry News

Dark Harbor Wind Farm Receives Financing

LCG, May 17, 2005--Western Wind Energy Corporation announced that The Manufacturers Life Insurance Company is prepared to provide CDN$29.7 million of construction and term debt financing for the Dark Harbor Wind Farm, a 20 MW project located in New Brunswick. The balance of the project financing, CDN$8.2 million (excluding a letter of credit of CDN$1.5 million for the debt service reserve account), will be obtained by way of a private placement of the equity of Western Wind Energy Corporation.

The wind project is one of many renewable energy projects that the Canadian provinces are pursuing to reduce reliance on fossil fuels and the corresponding production of greenhouse gases. The Province of Ontario has committed to closing 7,600 MW of coal-fired generating capacity, and last month closed the 1,140-MW, coal-fired Lakeview Generating Station as a step towards reduced emissions. Another supply strategy under consideration is the reactivation of mothballed, nuclear power plants, such as Units 1 and 2 at the Bruce A nuclear generating station in Kincardine.

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