NuScale Power Corp

NuScale Power Corp. provides proprietary and advanced light water nuclear small modular reactor technology. It supplies energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. The firm offers NuScale Power Module (NPM), a small, safe pressurized water reactor, which generates 77 MWe of electricity and also offers the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) and other configurations based on customer needs. The company was founded by José N. Reyes in 2007 and is headquartered in Portland, OR.

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NuScale achieves milestones, eyes customer growth amidst financial challenges

NuScale Power Corp had a successful Q4 2022, achieving key milestones and expanding its customer base.
The company is well-positioned in the clean energy sector, with a focus on managing financial challenges and seizing growth opportunities.
Despite facing higher cash use and inflationary pressures, NuScale remains confident in its ability to navigate market dynamics.
NuScale's commitment to stakeholders and strategic initiatives underscore its resilience and potential for future growth.

NuScale Power Corp excels in Q1, poised for global growth

NuScale Power Corp's Q1 2023 performance reflects strong momentum towards commercialization and technological advancement in the SMR industry.
With a solid financial position, strategic partnerships, and regulatory progress, NuScale is well-equipped to capitalize on the growing demand for carbon-free power.
While facing challenges in scaling up and securing funding, NuScale's focus on innovation and global expansion presents significant opportunities for future growth.

NuScale advances SMR commercialization with strong financial discipline

NuScale demonstrated progress in commercializing their SMR technology and maintaining strong financial discipline.
Key strengths include NRC approval, financial stability, strategic partnerships, and focus on decarbonization efforts.
Challenges lie in partnership leverage, financial management, milestone execution, and balancing financial flexibility.
Opportunities exist in partnership growth, upcoming Analyst Day, decarbonization initiatives, and enhanced financial flexibility.

NuScale advances SMR technology globally, eyes growth in Europe

NuScale Power Corp is making strides in commercializing SMR technology through strategic partnerships and project developments.
Despite challenges in the nuclear power industry, NuScale's investments, scalability, and industry position bode well for future growth.
The company's focus on cash management, readiness for deployment, and global interest in their technology position them as leaders in the space.

NuScale reports progress in SMR technology and strategic partnerships

NuScale's Q4 2023 earnings call highlighted progress in regulatory approvals, customer relationships, and strategic financial planning amidst short-term challenges.
The company's strengths lie in strong partnerships, market positioning, and a focused approach to cost management and revenue generation.
While facing financial challenges and analyst scrutiny, NuScale remains poised to capitalize on opportunities in clean energy and global market expansion.

NuScale reports Q1 earnings, focuses on clean power demand

NuScale's Q1 2024 earnings call highlighted financial results, increasing demand for clean power, and progress in manufacturing NuScale power modules. Despite financial challenges, strategic initiatives aim to drive savings and maintain liquidity. The company's focus on nuclear energy and strong cash position present growth opportunities.

NuScale reports Q2 earnings, focuses on partnerships and growth opportunities

NuScale's Q2 2024 earnings call highlighted strategic partnerships, readiness for deployment, and a focus on managing liquidity and shareholder value.
The company faces financial challenges but benefits from bipartisan support, new funding opportunities, and a growing market for nuclear energy solutions.
Opportunities lie in partnerships for SMR deployment, participation in competitions, and leveraging the demand for clean, reliable baseload power.
Overall, NuScale's performance reflects a commitment to innovation, sustainability, and seizing opportunities in the evolving energy landscape.

NuScale Power Corp reports strong Q3 performance and global expansion

NuScale is capitalizing on the demand for energy from data centers and the shift towards carbon-free energy with its SMR technology.
The company's financial performance improved in Q3 2024, with progress in manufacturing and regulatory approvals.
While facing challenges in regulatory approval and competition, NuScale sees opportunities in international expansion and partnerships.

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NuScale Power Corp. provides proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. Its products include VOYGR SMR Plants and Energy Exploration (E2) Centers. The company was founded by José N. Reyes in 2007 and is headquartered in Corvallis, OR.

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PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power Corporation (NYSE: SMR) announced today that the Project Management Committee (PMC) for the Carbon Free Power Project (CFPP) reaffirmed its commitment to NuScale's industry-leading small modular reactor (SMR) technology by approving a new Budget and Plan of Finance (BPF) and an update to the Development Cost Reimbursement Agreement (DCRA). This key milestone was reached with the receipt and acceptance of the CFPP's Class 3 Project Cost Estimate (PCE), which further refines the anticipated total cost of the project.

NuScale Reaches Key Milestone in the Development of the Carbon Free Power Project

PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, today announced that Chris Colbert, Chief Financial Officer, will participate in an upcoming investor conference.

NuScale Power to Participate in Upcoming Investor Conference

PORTLAND, Ore.--( BUSINESS WIRE )--On January 1, 2023, NuScale Power Corporation (NYSE: SMR) completed submission of a Standard Design Approval (SDA) application to the U.S Nuclear Regulatory Commission (NRC) for its updated small modular reactor (SMR) design, which is based on a VOYGR™-6 (6-module) configuration powered by an uprated 250 MWt (77 MWe) module. The design features the same fundamental safety case and totally passive safety features approved by the NRC in 2020, with a power uprate and select design changes to support customers' capacity needs and further improve economics.

NuScale Builds Upon Unparalleled Licensing Progress With Second Standard Design Approval Application Submittal

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PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power, LLC (NuScale) and Romania's RoPower Nuclear S.A. (RoPower), owned in equal shares by S.N. Nuclearelectrica S.A. and Nova Power & Gas S.A., announced today that a contract for Front-End Engineering and Design (FEED) work was signed between parties on December 28, 2022, marking a significant step toward the deployment of a NuScale VOYGR™ small modular reactor (SMR) power plant in Romania.

NuScale Power and RoPower Announce Signing of the Contract for Phase 1 of Front-End Engineering and Design Work for First SMR Power Plant in Romania

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PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, announced today it has completed the Standard Plant Design (SPD) project ahead of schedule. This announcement demonstrates NuScale's preparedness for facility construction and equipment procurement and manufacturing of long-lead major engineered equipment, while underscoring the company's unmatched level of progress toward delivering VOYGR™ SMR power plants to customers around the world.

NuScale Power Completes Standard Plant Design Project

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PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power Corporation (NYSE: SMR) announced today that Karin Feldman will assume the role of interim Chief Operating Officer/Chief Nuclear Officer (COO/CNO) effective January 6, 2023. Current COO/CNO, Dale Atkinson, will retire on January 5, 2023, after more than eight years with NuScale. NuScale thanks Atkinson for his service and dedication, especially throughout the regulatory licensing and product development period of the company.

NuScale Power Names Karin Feldman Interim Chief Operating Officer/Chief Nuclear Officer

PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, today announced the appointment of two new board members, Dr. Bum-Jin Chung and Mr. Shinji Fujino, who each bring deep nuclear expertise and outstanding experience in national and international governing bodies. This expands NuScale's Board of Directors from eight to 10 members and continues to grow the organization's strong leadership.

NuScale Power Announces Two New Board Members, Further Strengthening Company Leadership

PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power, LLC (NuScale) announced today it has awarded two new contracts to Framatome to design fuel handling equipment and fuel storage racks for NuScale's VOYGR™ SMR power plant. This marks a critical supply chain and manufacturing development step, as NuScale fulfills customers' project timelines to deploy its groundbreaking technology by the end of the decade.

NuScale Power Announces Fuel Handling and Storage Rack Contracts with Framatome

PORTLAND, Ore.--( BUSINESS WIRE )--NuScale Power, LLC (NuScale) along with Shell Global Solutions (Shell) and industry participants will develop and assess a concept for an economically optimized Integrated Energy System (IES) for hydrogen production using electricity and process heat from a NuScale VOYGR™ small modular reactor (SMR) power plant. The project entitled, “Development and Demonstration of a Concept for an Economically Optimized IES,” will be completed in two phases. Additional research participants include Idaho National Laboratory, Utah Associated Municipal Power Systems (UAMPS), Fuel Cell Energy, FPoliSolutions, and GSE Solutions.

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