NuScale Power, headquartered in Portland with offices in Corvallis, has taken a step toward meeting customer timelines amid uncertain supply chains, and they’ve announced a high-level management change.
Last week the company announced they’ve contracted Framestone to design fuel handling equipment and fuel storage racks for NuScale’s VOYGR™ SMR power plant. Framestone, in turn will be working with American Crane to adapt its existing fuel handling equipment and high-density spent fuel storage rack designs to meet NuScale’s needs. NuScale decision to go with Framestone is a logical step, the two companies have partnered in various ways since 2004.
In Other NuScale news, Dale Atkinson, Chief Operating Officer/Chief Nuclear Officer, will be retiring come January 5. The company has announced an interim COO/CNO, Karin Feldman.
Feldman started at NuScale in 2012, and currently serves as Vice President of the Program Management Office. She has a bachelor’s in nuclear engineering and radiological sciences from the University of Michigan and a master’s degree in nuclear engineering from the Massachusetts Institute of Technology. Before joining NuScale, Feldman spent a decade in the aerospace industry.
Oregon’s Office of Economic Analysis: They just issued their Quarterly Economic and Revenue Forecast for the governor, and we just know that you, just like certain Advocate staffers, have been waiting with bated breath for this four time a year page-turner. So, without further ado, we’ll just say this one is a real humdinger: revelations of likely recession, labor hoarding, and possibly reduced revenues to the state. From the first paragraph, the executive summary wastes no time setting the stage.
“A recession now appears more likely than not. The consensus among national forecasters, and our office’s advisors expect a mild recession to begin within the next year. This change in the baseline forecast is not due to any fundamental deterioration in the economy in recent months, but rather a shift in assessing the risks. In particular with inflation remaining well above the Federal Reserve’s target, expectations are that interest rates will need to be higher and held there longer than previously thought. Slamming on the brakes of a speeding car will cause it to skid and even fishtail. The question is whether the driver is able to pull out of it or end up in the ditch. Most economists today believe a recession is likely, even if the exact path of the economy is uncertain.”
Okay, no more spoilers, just the link so you can read your very own copy online.
Marianne Vydra at Women in Business: This week’s lunchtime presentation brings Oregon State University deputy director of athletics to the stage. Vydra works with a team that oversees 500 athletes, and 17 different sports.
Vydra’s array of responsibilities include heading the senior staff strategic planning group, human resource management, student-athlete welfare, for instance, sports medicine, strength and conditioning, NCAA Life Skills, and the Leadership Institute. She supervises several men’s and women’s sports. Add to all that, Vydra is the department’s liaison for Title IX/gender equity.
Time and date is 12 – 1 p.m., Wednesday, Dec. 14. The location is the Courtyard Marriott in Corvallis on 400 SW 1st Street.
Growth Mindset Book Club For Business: This group discusses one new book each month with the intention to come away being more empowered, motivated, and knowledgeable about business, career, and professional development. This month’s book: Atomic Habits by James Clear.
The discussion takes place from 5 – 7 p.m. on Wednesday, Dec. 14, at the The Biere Library, 151 NW Monroe Ave. Contact is Veronica Hennessey, (541)754-7102.
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