John “Jay” Surina named as NuScale Chief Financial Officer
– By Mark McFadden –
NuScale Power, Inc., has named John “Jay” Surina as its Chief Financial Officer. Surina joins NuScale to lead all aspects of the finance function including financial strategy, accounting, forecasting and corporate finance.
Surina joins NuScale from Boart Longyear where he was vice president, financial planning and analysis. He was instrumental in the initial public offering of Boart Longyear shares on the Australian exchange in 2007. In that role he co-managed the mining services company’s global finance function and led strategic planning and mergers and acquisition work within the finance function.
Surina previously held executive positions in energy industry finance, as well as mergers and acquisitions, with Texas Genco, Centrica North America, and Sithe Energies, including large equity and debt financing capital raising, both at the corporate and project levels. He was co-founder and a managing partner of Cornerstone Energy Advisors, an advisory firm focused on the sale and financing of electric generating stations.
Surina is a graduate of the U.S. Naval Academy and received his MBA from the Wharton School at the University of Pennsylvania. A former nuclear trained submarine officer, he continues to serve as a Captain in the Naval Reserve Intelligence Program.
NuScale Power is developing a modular, scalable nuclear power plant. Each NuScale Power module will produce 40 megawatts of electricity, enough for about 40,000 homes. The size and modular design will allow for the complete manufacturing of NuScale modules at facilities in the United States. NuScale is designing its systems to be scalable with multiple modules operating within a single facility. Owners can add generating capacity as needed to meet growth in customer demand. NuScale plants are based on light water reactor technology and operate using natural circulation. The design incorporates passive systems that significantly increase safety. The NuScale design was initially developed at Oregon State University and is being tested at an electrically-heated prototype on campus.
Each NuScale Power Plant is self contained and each module operates independent of the other in a multi-module configuration. However, all are managed from a single control room.