March 31, 2016

AREVA Inc., NuScale Power Unveil NuFuel-HTP2 Name for Small Modular Reactor Fuel Design

CHARLOTTE, N.C., March 31, 2016 – AREVA Inc. and NuScale Power announced today that the modified AREVA HTP2 fuel design for NuScale’s small modular reactor (SMR) technology will be named NuFuel-HTP2TM. The announcement was made this week during NuScale’s tri-annual Advisory Board meeting (NuAB) in Corvallis, Ore., and follows an agreement signed by the companies in December 2015 for AREVA to design and manufacture the fuel assemblies.

“The development of NuScale’s HTP2 fuel design applies our fuel expertise to power NuScale’s new technology,” said Ron Land, senior vice president, U.S. Fuel, AREVA Inc. “This announcement puts a name on our cooperative effort and represents our commitment to this project.”

“As we prepare documentation for our Design Certification Application, we needed a name for our fuel product that we could use consistently with the NRC while also building name recognition with our customers,” said Mike McGough, NuScale’s chief commercial officer. “NuFuel-HTP2 captures our spirit of innovation while representing the bond with AREVA’s fuel expertise.”

The innovative fuel design is an adaptation of AREVA’s proven HTPTM pressurized water reactor (PWR) designs. The mechanical and thermal hydraulic testing of these new fuel assemblies are underway as part of NuScale’s 50MWe SMR design certification application, which is planned for submission to the U.S. Nuclear Regulatory Commission later this year.