This paper presents reduced-order modeling of thermal power dispatch (TPD) from a pressurized water reactor (PWR) for providing heat to nearby heat consuming industrial processes that seek to take advantage of nuclear heat to reduce carbon emissions. The reactor model includes the neutronics of the reactor core, thermal–hydraulics of the primary coolant cycle, and a three-lump model of the steam generator (SG). The secondary coolant cycle is represented with quasi-steady state mass and energy balance equations. The secondary cycle consists of a steam extraction system, high-pressure and low-pressure turbines, moisture separator and reheater, high-pressure and low-pressure feedwater heaters, deaerator, feedwater and condensate pumps, and a condenser. The steam produced by the SG is distributed between the turbines and the extraction steam line (XSL) that delivers steam to nearby industrial processes, such as production of clean hydrogen. The reduced-order simulator is verified by comparing predictions with results from separate validated steady-state and transient full-scope PWR simulators for TPD levels between 0% and 70% of the rated reactor power. All simulators indicate that the flow rate of steam in the main steam line and turbine systems decrease with increasing TPD, which causes a reduction in PWR electric power generation. The results are analyzed to assess the impact of TPD on system efficiency and feedwater flow control. Due to the simplicity of the proposed reduced-order model, it can be scaled to represent a PWR of any size with a few parametric changes. In the future, the proposed reduced-order model will be integrated into a power system model in a digital real-time simulator (DRTS) and physical hardware-in-the-loop simulations.