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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

Czech Power, Gas Industries to be Sold

LCG, Aug. 27, 2001--The Czech government will offer for sale the country's electricity and gas industries, hoping to complete the huge privatizations before next year's election, the Financial Times reported Friday.

The sell-offs are necessary to enable the Czech companies to compete in the liberalized European Union energy markets and their proceeds are needed by the Czech Republic to close its budget deficit, the paper said.

The government owns 67 percent of CEZ, the dominant electric generation business, which has a market capitalization of $1.2 billion, but it want to be paid $4 billion for 64 percent of that. Last month Deloitte & Touche was selected to make that wish come true.

Deloitte will also manage the sale of six of the country's eight regional electric distribution companies. ABN Amro was chosen to sell a package of 97 per cent of Transgas, the natural gas transportation company, together with mostly majority stakes in all eight regional gas distributors.

A combination of circumstances should get the Czech government a premium for CEZ. The company's power plants are in good condition and produce low-cost power, the Czech domestic power market is strong and growing, and there is significant interest in the power sector.

Electricit de France, International Power and British Energy of the UK, RWE of Germany, AES of the US, and Enel of Italy have already declared interest in the CEZ sale.

The Financial Times said the government also hopes to receive more than $2 billion for the gas industry, which includes the main pipeline from Russia to western Europe. Two rival consortia have so far come forward: Gaz de France, Ruhrgas, and Snam, and RWE with Wintershall, the paper said.

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