The company is in the research phase of developing portable nuclear reactor technology. It currently has about 145 employees in Corvallis. The grant - estimated at around $226 million will aide the company in further research and help it pay for the sometime onerous regulatory approval process.
Before it can become commercially viable, NuScale's technology and processes will have to be approved by the Nuclear Regulatory Commission.
For more information on this development, check out: http://www.gazettetimes.com/news/local/nuscale-lands-big-federal-grant/article_b1b63ba2-6380-11e3-a8f5-0019bb2963f4.html
Also, visit NuScale's web site: http://www.nuscalepower.com/