Alleima receives breakthrough order of steam generator tubes for Small Modular Reactors (SMRs)

SANDVIKEN, Sweden, June 21, 2023 /PRNewswire/ -- The steam generator tubes for NuScale Power, a provider of proprietary and innovative advanced nuclear Small Modular Reactors (SMR) technology, will be installed in one of the first VOYGR™ SMR power plants. The receipt of this order is an important breakthrough for Alleima, and a milestone for growth in power projects of the future.

The order, from the Korean nuclear fabricator Doosan, which is one of the major suppliers of nuclear power related facilities in the world, is for approximately 200 kilometers of steam generator tubes for NuScale's first NuScale Power Modules™ (NPMs) that are each capable of generating 77 MWe of carbon-free electricity. The order was booked in the second quarter of 2023 and will be reported in the Tube division. Deliveries are scheduled during 2024 and the NPM is expected to be operational in 2029.

NuScale's SMR is based on proven pressurized water-cooled reactor technology where Alleima's current steam generator tubing alloys are used. As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is serving diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.

"We are thrilled this is finally happening and are proud to announce this breakthrough order for SMRs. As this technique, based on pressurized water-cooled reactor technology, is closely linked to current nuclear technology, we see a great potential for significant growth in the coming years. Intensity in discussions regarding the supply of steam generator tubes for SMRs is increasing globally, and as a front runner in this field, we are in a good position for these future power projects," says Nigel Haworth, Acting President of Alleima Tube division.

"We are delighted to be embarking on our journey towards successful deployment of the first commercial SMR with Alleima, as we highly value Alleima's extensive experience and market-proven products and solution in steam generator tubes," says Jongdoo Kim, CEO of Doosan Enerbility's Nuclear Business Group.

Sandviken, June 21, 2023
Alleima AB (publ)

Contact details
Emelie Alm, Head of Investor Relations
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Phone: +46 (0) 79 060 87 17

Yvonne Edenholm, Press and Media Relations Manager
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Phone: +46 (0) 72 145 23 42

About Alleima
Alleima AB, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 18.4 billion in 2022, has approximately 5,900 employees and customers in approximately 90 countries.Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker 'ALLEI'. Learn more at www.alleima.com

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SOURCE Alleima