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Paragon Energy Solutions and NuScale Power: A Strategic Partnership

In a significant development for the nuclear industry, Paragon Energy Solutions has announced a strategic agreement with NuScale Power Corporation. This partnership aims to leverage Paragon's expertise in safety-related products and components to further enhance the performance of NuScale's Small Modular Reactor (SMR) technology.

The agreement came during a formal signing ceremony at the recent NuScale Supplier Working Group meeting held in Charlotte, North Carolina. Key representatives from both companies, including Paragon's CEO Doug VanTassell and NuScale's CEO John Hopkins, were present to mark the occasion. This collaboration will enable NuScale to utilize Paragon's advanced technologies in its upcoming ENTRA1 Energy Plants™, a new generation of energy facilities designed to meet diverse energy needs while prioritizing safety and reliability.

Advanced Technologies for a Safer Future

Paragon will be providing its CoreVision Neutron Monitoring System and Highly Integrated Protection System (HIPS) as part of this strategic collaboration. The CoreVision system is specifically engineered for nuclear generation facilities, offering accurate monitoring and control over reactor power levels. Meanwhile, HIPS seeks to enhance safety-related instrumentation and control systems, ensuring robust protection against potential threats and malfunctions.

This partnership strengthens the existing relationship between the two companies, building upon a teaming agreement established in 2021. Under this previous agreement, Paragon was involved in the developmental phases of SMR technologies, providing comprehensive nuclear instrumentation solutions aimed at improving overall safety and efficiency in nuclear power generation.

Commitment to Clean Energy

With a global shift towards carbon-neutral energy solutions, the collaboration between Paragon and NuScale represents not just a business agreement but a commitment to the advancement of clean energy technologies. As noted by Tighe Smith, Chief Nuclear Officer at Paragon, this partnership is a collective step towards a zero-carbon future, emphasizing both companies' dedication to the nuclear energy sector.

Doug VanTassell commented, “We are pleased to continue fortifying our relationship with NuScale, whose leadership in SMR technologies aligns perfectly with our objectives of enhancing nuclear safety and efficiency.” This sentiment is echoed by John Hopkins, who highlighted the crucial role that Paragon's monitoring and protection capabilities will play in the upcoming deployment of ENTRA1 Energy Plants™.

The Future of Nuclear Energy

Both companies recognize the importance of their collaboration in addressing the increasing energy demands while minimizing the environmental impact. With the rising concerns over climate change and the need for sustainable energy sources, nuclear power is presenting itself as a viable and efficient alternative. The incorporation of advanced technologies from Paragon within NuScale’s innovative reactor designs aims to set a new standard for safety and reliability in the nuclear industry.

As the world gears up for the near-term deployment of new energy systems, the Paragon-NuScale partnership serves as a model for how strategic collaborations can drive innovation in critical sectors like nuclear energy. As they move forward, both companies are committed to maintaining the highest standards of quality and safety in their products and services, paving the way for a safer, greener future in energy production.

With over 30 years of experience, Paragon has established itself as a leader in meeting the unique challenges of the nuclear industry and is poised to continue playing a pivotal role in its evolution. For more information on their products and services, visit Paragon Energy Solutions.