safety requirements. In November 2021, NuScale announced its intent to build with Nuclearelectrica its first reactors in Romania by 2028. In February 2022, NuScale and mining conglomerate KGHM announced a contract to construct an SMR in Poland by 2029. In April, Doosan Enerbility contracted to begin manufacturing Power Module components. Doosan Enerbility expected to reach full-scale production at their plant in Changwon, South Korea, in the second half of 2023. In May 2022, NuScale completed a merger with the special-purpose acquisition company (SPAC), Spring Valley Acquisition Corp, raising $380M. On 28 July 2022 the Nuclear Regulatory Commission (NRC) announced it would certify NuScale's small modular reactor. On 28 December 2022 Romanian company RoPower Nuclear contracted for Front-End Engineering and Design. The location is expected to be Doicesti. RoPower is a joint venture between Nuclearelectrica and Nove Power & Gas. In January 2023, CFPP approved a new Budget and Plan of Finance, establishing a target price of $89/MWh (¢8.9/kWh) after an estimated $30/MWh generation subsidy from the 2022 Inflation Reduction Act. In January 2023, the NRC certified NuScale's design for use in the US. Reactors NuScale reactors take 1% of the space of a conventional reactor and generate 77 MWe. The design uses light water for cooling and power generation as in conventional nuclear plants. Water is heated by the nuclear core at the base of the reactor vessel. Heated water flows up the riser, then down over steam generators. As heat is transferred, the water cools and becomes denser, sinking to the bottom of the device, and the cycle is repeated. The heat creates steam that turns a turbine, which drives an electrical generator. The reactor vessel is expected to be in diameter and tall, weighing . The modules are pre-fabricated, delivered by rail, barge or truck and assembled on-site. As of 2021, the units expected to produce 77 MWe (gross), or about 73.5 MWe (net), and require refueling with standard 4.95 percent low-enriched uranium-235 fuel every two years. NuScale's design does not rely on powered water pumps or circulatory equipment. The reactor is designed to shut down and cool itself indefinitely during most accidents. The devices are intended to be installed in a below-ground pool to absorb earthquake shocks, with a concrete lid over the pool. In the event that AC power is lost for normal cooling systems, the water in the pool absorbs heat and boils. The pool