Hardik Shah
2026.06.17 10:55

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: $NuScale Power(SMR.US) NuScale Awards Paragon Contract for SMR Protection System Development

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐๐ฎ๐’๐œ๐š๐ฅ๐ž awarded ๐๐š๐ซ๐š๐ ๐จ๐ง a contract to finalize HIPS design development.

โžค Contract covers three key ๐ข๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง and control protection systems.

โžค Systems include the ๐Œ๐จ๐๐ฎ๐ฅ๐ž ๐๐ซ๐จ๐ญ๐ž๐œ๐ญ๐ข๐จ๐ง ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ and reactor safety functions.

โžค Scope includes the ๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐ƒ๐š๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐Ÿ๐š๐œ๐ž and ๐๐ฅ๐š๐ง๐ญ ๐๐ซ๐จ๐ญ๐ž๐œ๐ญ๐ข๐จ๐ง systems.

โžค Contract also includes ๐ˆ๐ง๐๐ž๐ฉ๐ž๐ง๐๐ž๐ง๐ญ ๐•๐ž๐ซ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง and Validation services.

โžค NuScale's SMR remains the ๐Ÿ๐ข๐ซ๐ฌ๐ญ NRC-approved small modular reactor design.

โžค Certain components for ๐Ÿ๐Ÿ NuScale power modules are already in production.

โžค Each NuScale Power Module can generate up to ๐Ÿ•๐Ÿ• ๐Œ๐– of electricity.

โžค A single NuScale plant can support up to ๐Ÿ๐Ÿ ๐ฆ๐จ๐๐ฎ๐ฅ๐ž๐ฌ from one control room.

โžค Paragon's HIPS platform received ๐๐‘๐‚ approval in ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•.

๐Ÿ‘‰ ๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ:

โžค Advances commercialization of NuScale's ๐ฌ๐ฆ๐š๐ฅ๐ฅ ๐ฆ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐ซ๐ž๐š๐œ๐ญ๐จ๐ซ technology.

โžค Strengthens development of critical ๐ง๐ฎ๐œ๐ฅ๐ž๐š๐ซ ๐ฌ๐š๐Ÿ๐ž๐ญ๐ฒ and protection systems.

โžค Supports progress toward future ๐’๐Œ๐‘ deployment and power generation projects.

๐Ÿ‘‰ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐’๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ:

โžค "Paragon has been a valuable technology partner in the development of the HIPS technology, advancing the digital instrumentation and control systems that are essential to safe and reliable plant operations." โ€” ๐‰๐จ๐ก๐ง ๐‡๐จ๐ฉ๐ค๐ข๐ง๐ฌ, President and Chief Executive Officer of NuScale Power.

โžค "This contract represents the culmination of years of collaboration between Paragon and NuScale, and we are proud that our HIPS platform is at the heart of the NPM's protection systems." โ€” ๐ƒ๐จ๐ฎ๐  ๐•๐š๐ง๐“๐š๐ฌ๐ฌ๐ž๐ฅ๐ฅ, President and CEO of Paragon.

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