http://www.gazettetimes.com/articles/2009/02/08/news/top_story/1aaa01_nuke.txt NUKE-IN-A-BOX?
IT’S HERE NOW
By BENNETT HALL
Corvallis Gazette-TimesOSU spinoff takes small-is-better approach to nuclear power
A mid-valley company with a novel reactor design is hoping to cash in on a budding nuclear renaissance.
Almost 30 years ago, the partial meltdown of a reactor at the Three Mile Island Nuclear Generating Station raised the alarm about nuclear safety in this country. But now fears of global warming are driving a revival in an industry that generates electricity without producing greenhouse-gas emissions, unlike the coal and natural gas used in most U.S. power plants.
Spurred by billions of dollars in federal loan guarantees, applications for new reactors are once again rolling into the Nuclear Regulatory Commission. One of the latest entrants in that race is Corvallis-based NuScale Power.
With about 65 employees and an undisclosed amount of venture capital behind it, the privately held company was formed in mid-2007 to commercialize new-generation reactor technology developed at Oregon State University. The university gets an equity stake in the company through a technology-transfer agreement.
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