Manila Bulletin
US nuclear power energy firm to invest in PH; will provide 430MW—Palace
US firm NuScale Power Corporation is interested in investing in the Philippines and plans to conduct a site study for its small modular reactor (SMR) technology.
The Oregon-based company's SMR technology is the first and only one of its kind to receive design approval from the US Nuclear Regulatory Commission.
NuScale is expected to invest between $6.5 billion to $7.5 billion in the Philippines to provide 430 megawatts of power by 2031.
President Ferdinand "Bongbong" Marcos Jr. stated that the Philippines has a power supply shortfall, and NuScale's support would help address this issue.
NuScale has existing projects in the US, Romania, Indonesia, and Poland.
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House Speaker Ferdinand Martin Romualdez supports President Ferdinand "Bongbong" Marcos Jr.'s initiative to pursue nuclear energy as a way to lower electricity costs.
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President Ferdinand R. Marcos Jr. is looking into utilizing advanced micro nuclear fuel technology from US-based Ultra Safe Nuclear Corporation (USNC) to help resolve the Philippines' energy supply issues.
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Solar firm Maxeon is planning a substantial investment of approximately $900 million in the Philippines to expand its solar energy operations.
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