Scott and financial across Chris good Colbert, our provide discuss several Thank will Then on will you, colleague, progress and results CFO, NuScale’s afternoon detailed operational recent priorities. our I everyone. my and financial outlook. a update
build on is maturing NuScale continue path our growing and commercialization. towards we momentum as to
emerging supports in base load in generation and play the clean publicly energy pure carbon energy focused charge trends nuclear the company and on next as the zero generation leading critical only are technology that security. We power traded,
dual market opportunity Slide on drivers. X, by highlighted As fueled is our
First, the energy transition.
renewables power than nuclear, rather fuels. must be including sources, and increasingly sourced fossil generation carbon-free from As
and Second, energy, is market growing. the need for massive which growing
fuels this XXX be power towards study, low gigawatts of zero could unprecedented. the dispatchable McKinsey the for need shifts electrification. electricity an global need fossil new recent the generation XX% for is as XXXX. The estimates about XXXX carbon demand world to transition meet will away of triple additional that a by from future resulting require for to and According expected to McKinsey by energy electricity new capacity, to demand, XX% nuclear XXX to carbon
help NuScale need. preparing is to solve this
are We have power modules our competitors the or small have U.S. years Commission supply Not an of manufacturing or competitive, design year. are the we are Regulatory by numerous modular manufacturing SMR SMR to competitive cost and advantages and and established the our we Nuclear ahead also are this only only fuel begin NuScale industry. certified but NRC, in poised later infrastructure,
company On all important We XXXX quarter year objectives the Slide in we we first earnings those this that during as X progress five our objectives goals previous demonstrate made we advancement commercialization. highlight call. towards are our and continued confident we on detailed achieve the five will
customers, highlight provide will then developments in customers' pipeline. a two starting I our few update, and committed our a Next, development I'll with business
for long-lead few X speak I'll process, Project we order in the have an Carbon executed materials detail about Slide or As on in greater for fabrication which Free the you to can see module power transitioned a Power NuScale and CFPP, minutes.
Part to license combined In to on or older license Systems CFPP both COLA submitted NuScale is in construction a to the operating XXXX. as a The XX track or Municipal our Part XX. UAMPS, versus addition, and used working Power which single-step is is Associated permit Utah be COLA, customer, licensing emphasize two-step with early application the process finalize
this project. cost Class a We are estimate developing II for also
and CFPP year-end by the As for XXXX. subscription UAMPS we targeting have NuScale are discussed, XX%
combination a and the project, working believe on levels, to CFPP generated UAMPS of existing on their UAMPS signing Public utilities, We members and increasing with subscriptions Western industrials. currently are additional securing who participants can participants not closely CFPP additional are through Power this and subscription investor-owned be Entities,
in retirement expense public and are UAMPS renewable issues integrated of and Western facing power be and plans. members to of in gas. a growth the highlight facts on rapid need resource plants the to entities coal the natural the The load will U.S. accessing ground their dispatchable resources. add and reflected capacity other These challenge complement the
major are On the Slide inputs plant, during engineering work our X, completed Romania's work. FEED be second of will deployed site-specific coal-fired design and power and for or of define a front-end VOYGR decommissioned proceeding plant. the with with I we customer, Road site the will Phase Activities the our power which committed site Power, FEED phase on first X
in next project on already the have engagement and with the begun suppliers. are phase We local discussions of
In safety-related addition for work NuScale to Romanian Regulator, provided Nuclear design that begin. work, CNCAN to authorization the to
Now, robust provide a highlights. on spotlight Slide and X, I'll few customer our pipeline
Poland. in start Let's
KGHM, in with Climate in KGHM global steps build A location grant and of what to the construction for is leader copper recall, signed deployment, SMR to Environment will SMR permitting. called in April, a by a ministry Poland. such for support fundamental for NuScale as production, the first critical an a and silver and decision the way underscore task the in may you to pave In selection next SMRs Poland's Ministry deploy As XXXX, order applied and Poland. in
Indonesia, Agency now had Indonesia the already SMR. to with Moving developing for in assistance first technical NuScale's to U.S. Power or selected Trade Indonesia USTDA's the technology, now awarded USTDA, Power like assistance, country's in power grant March Development system and impact a the risk regulatory review. estimate assessment, Global and cost plan, social countries a interconnection reliable, assessment, seeking for President power. include Biden's Infrastructure Investment Indonesia Partnership with baseload support and plant steps design, environmental next and selection zero-carbon preliminary site
our will deployment have together highlight memorandum we areas Bank and with Doosan supply Not also we partners strengthen with the recently it Export-Import chain. to marketing, want also this Korea, work understanding such collaboration of of support, I two Korea. in groups, as and as in NuScale these technical Finally, that development the Enerbility, a SMR supports of global signed only
pleased broadly of In more Slide in of X, of production with on are U.S., pipeline scale potential the breadth at and the of plants and our interest a particular the pickup better understanding the notable Reduction Inflation we impact from are the a and Looking we're repurposing customers opportunities. seeking of confident Act, coal interest. hydrogen
companies, utilities, well initiatives. Conversations the with groups as are tech utilities, support, capture at various to data centers industrial in stages as carbon involved municipal the
looking seek process and major are addition, they to In take clean, industrial heat reliable of XX/X energy various IRA applications. as companies the advantage for
size to potential a of the diversifying. and trend conversations. lot seeing terms interest, of these engage we a potential is pie traction. been This really growing new further is There customer in is of as gain in relationships on a the of In interest providing existing customers continuation customer color have
resonating can assortment plants clean modules to allocating I'll to in talk fabrication construction, reliable grid, that produce are most an NuScale multi-module are provide applications. electricity hydrogen considerations that heat modular industrial meaning while through probably. the turning modularity operation. in Slide for includes economically for So one process X, or beyond of our installed, Once produce and This Power Modules or more
carbon-free a a refueling source a between competitive shorter capacity reliable energy. is and further of outages enable that especially modules result highly combined staggered facility and differentiator factor. This when flexible for is high with NuScale, The
attributes and Mode in conversations NuScale's Other Island Black-Start are Capabilities. prominent customer
reminder, ability the from grid a a without As kind the up first plant to cold refers Black-Start external the the start industry. for connections, conditions of to nuclear
like the energy supply for is and the of a all electrical to keen needs companies Island our data NuScale a the Island Module loss single uninterrupted dedicated in the Industrial VOYGR on also Power facility, event Plant the a Mode grid. are seeking capabilities. Power are center Mode of a ability who of support
power of emergency that an radius for instances the our for to planning VOYGR top EPC additional site's mind The as boundary One existing is NuScale VOYGR NRC's in opposed U.S. plants. nuclear attribute power power EPC, NuScale's by approval NRC the plants, most plant. planning a the approval SMR that extends the zone the used determining enables to methodology be of will zone XX-mile every emergency only necessary or
design ability and can We also heat This or to that plant's power capability. process is users plant has NRC retired higher. an this methodology the near supports only sites NuScale utilize similar sited coal be retired workforce. plants that coal be NuScale at employ SMR a enhances lines, for may local the transmission where the approved including retain densities population and infrastructure,
recognize regulatory we path value advantages. and licensing. chosen in multi-year have They Customers head our start appreciate technology the NuScale's
are point Our competitors. in compared much commercialization delivery development. to key are regulatory and the manufacturing other customer with earlier a SMR shift They differentiators and
updated NuScale's This could support the the the operational attain power first-quarter a facility well Slide SDA approval On began will March, review upgrade or summarize other by for design capacities to XX, a review NRC NRC technical of improve as that highlights. we application. a of approval economics. for is a process as In wider customers, megawatt range we which standard module XX
review With application this are the the application record NRC regulatory see in NRC, SDA with safety includes features fundamental at for to familiar track we the same XXXX. this issue the application. approvals process, in NRC once reflected and docket design schedule our a of they by will their we The expect case and The year. approved accepted review the
long-lead March, power in material that in first we'd with material manufacturing our Enerbility. customer will the partner, of our discuss let's we the They owner and modules. Now, produce place first Back Doosan announced materials essential forgings delivery. NuScale
and their first final process modules to forging CFPP Since begins delivered that Later commenced manufacturing year, the Doosan announcement, forgings that are to welded this dimensions. fabricated to plant. the the the fabricated where materials These are we production. the
progressed American the aware to that SMR another their vendor are of We has not technology manufacturing phase. North
NuScale I addition, regarded report the that issued Registrar am Orion highly the to pleased In
internationally. recognizes ISO further certification scalable repeatable standards controls NuScale's technology customers that management XXXX across globe, our the are international standard and XXXX quality is This validating to certification. and an
In off a summary, in we're XXXX. great to start
to customers. business, grow and as our a have significant build opportunity our our continue commitments deliver of on We front momentum, us in we to
update over provide financial our to I'll Now, hand it quarter. to the for Chris
