NuScale Power Corporation Overview
Pro stress-test →NuScale Power Corporation, founded in 2007, is the industry-leading provider of advanced small modular reactor (SMR) nuclear technology, with reactors that can each generate 77 megawatts of electricity and scale up to 924 MWe across 12 modules. As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers for electrical generation, data centers, district heating, desalination, and industrial process heat applications.
Strategic Profile
Pro stress-test →The company already holds the only SMR design certification from the Nuclear Regulatory Commission, so further regulatory streamlining could meaningfully shorten the path from design approval to deployment and actual revenue. NuScale has an MOU with the Tennessee Valley Authority through ENTRA1 Energy partnership to develop up to 6 gigawatts of capacity, and its RoPower project in Romania aims to deploy six NuScale Power Modules, with shareholders approving a Final Investment Decision on the condition of a pilot test, though the facility likely won't be operational until at least July 2033.
Competitive Landscape
Pro stress-test →Other developers of small reactors like Oklo and Nano Nuclear Energy are still embroiled in regulatory processes that could take years before design approval is achieved. NuScale's NRC certification provides significant first-mover advantage. Wall Street's consensus price target largely reflects the potential windfall from the shift in the United States' nuclear policy.
Industry Context
NuScale Power Corporation operates in Advanced Nuclear Energy / Small Modular Reactors (SMR).
Key facts
Founded: 2007 · Headquarters: Corvallis, US