Event Modeling Risk Assessment using Linked Diagrams (EMRALD) is used to model of NuScale’s feedwater and condenser system to capture component degradation and repairing process. To model the reliability of the components, a three-stage failure rate is used contrary to a constant rate leading to component failure. Results from EMRALD will be used to compare different maintenance strategies to reduce system downtime. The outcome of the project will assist in maximizing remaining useful life of the overall system and increasing the availability and revenue of the plant.