Paragon—which was acquired by Atlanta-based Mirion in September for $585 million—designed a Highly Integrated Protection System for the NuScale Power Module, "the first and only small modular reactor design" currently approved by the U.S. Nuclear Regulatory Commission, according to the company.
Paragon will supply its CoreVision Neutron Monitoring System technology and its Highly Integrated Protection System (HIPS) to Oregon-based NuScale, whose SMR technology provides "a clean, safe, and scalable solution for a wide range of energy needs," the companies said.
NuScale Power, a nuclear small modular reactor tech company in Oregon, plans to go public via a merger with Dallas-based Spring Valley Acquisition Corp. The combined company, NuScale Power Corporation, will have an estimated value of about $1.9 billion.
Irving-based engineering and construction giant Fluor made a "significant investment" in the startup about a decade ago.
Irving-based Celanese Corp., a specialty materials and chemical company, has teamed up with Hong Kong-based VIGOR Precision Ltd., a manufacturer of plastic gears, to develop lightweight plastic joints for humanoid robots....
Irving-based Celanese Corp., a specialty materials and chemical company, has teamed up with Hong Kong-based VIGOR Precision Ltd., a manufacturer of plastic gears, to develop lightweight plastic joints for humanoid robots....