US-based NuScale Power will make a strategic shift from product development to product delivery by establishing the new VOYGR Services and Delivery (VSD) business unit. This new organisation, comprising services, supply chain, and client management functions, will be dedicated to working with customers and tasked with the delivery of services and equipment associated with the sale, development, delivery, and commercial operation of NuScale VOYGR power plants.
After receiving the first ever small modular reactor design (SMR) approval from the US Nuclear Regulatory Commission (NRC) in August 2020, NuScale has focused on completion of its deployment readiness programme, including finalisation of the standard plant design and supply chain readiness such as extensive manufacturing trials. In May 2022, NuScale became the first publicly traded company focused on the design and deployment of SMR technology.
NuScale said its “customer-centric restructuring is a critical step to prepare the organisation to scale and meet the rapidly growing global demand” for its energy solution. For NuScale’s current customer, Utah Associated Municipal Power Systems’ Carbon Free Power Project, current project activities include the placement of long-lead equipment orders. Other customer engagements in Poland and Romania underscore the need for a proactive restructuring to ensure the efficient and effective delivery of NuScale’s contractual obligations for customer projects, the company said.
“Positioning NuScale towards product delivery is a natural and exciting next step for the company,” said NuScale President and Chief Executive Officer John Hopkins. “We are dedicated to changing the power that changes the world. Working closely with our customers to deploy our ground-breaking SMR technology that is setting a new standard for clean, reliable, and safe power is a critical part of that mission.”
The organisation will be led by Thomas Mundy, who will transition from his role as NuScale’s Chief Commercial Officer (CCO) to President, VOYGR Services and Delivery. “As more utilities, institutions, and countries see NuScale’s VOYGR plants as the premier energy solution to address the challenge of mitigating climate change while protecting global prosperity, NuScale is ready to meet the moment,” he said. “That is why now is the pivotal time for NuScale to undergo this tactical expansion to prepare our organisation to scale and ultimately to improve the energy futures for all.”
