Nucor and NuScale said Tuesday that as part of memorandum of understanding between the two, they’ll evaluate site suitability, transmission interconnection capabilities and capital costs of building NuScale plants near Nucor’s electric arc furnaces. Additionally, they’ll study the potential to use Nucor’s Econiq net-zero steel in NuScale projects. 

"Nucor is committed to supporting the development of transformative technologies that will deploy safe, reliable, affordable, 24/7, base-load carbon-free power, like NuScale’s VOYGR small modular reactor plants,” said Nucor chairman and chief executive Leon Topalian. 

“Not only will Nucor’s partnership with NuScale help pave the way for a zero-carbon energy future for our nation, but we will be building this new generation with the cleanest steel products made anywhere in the world.”

The agreement furthers NuScale’s relationship with Nucor, which last year invested US$15 million in the business. 

“NuScale is thrilled to take this step forward with Nucor, a company that shares our commitment to sustainability and deeply understands the role of NuScale’s technology in delivering clean, reliable baseload power to support the global energy transition,” said NuScale president and chief executive John Hopkins said.