Portland nuclear power startup NuScale hit with investor lawsuit

NuScale recently canceled a partnership with Utah power systems. Experts believe small modular nuclear reactors have a bright future, maybe.

Investors have hauled a Portland-based nuclear power company into federal court claiming the company misled them about a major project promised to usher in a new age of nuclear power.

NuScale Power canceled a partnership earlier this month with Utah Associated Municipal Power Systems that would have seen the first small modular nuclear reactors built in the United States. The project called for six NuScale reactors to be built at the U.S. Department of Energy’s Idaho National Laboratory.

Source: Portland nuclear power startup NuScale hit with investor lawsuit – OPB