NuScale Power(NYSE) SMR

NuScale Power Corporation builds small, carbon-free nuclear power plants. These modules help utilities produce electricity, heat, and clean water. Customers can add units as their energy needs grow.

The Power Plant Menu

• NuScale Power Module: Small reactor generating 77 megawatts of electricity using simplified passive safety systems.
• VOYGR Power Plants: Scalable facilities available in configurations of four, six, or 12 individual reactor modules.
• Industrial Applications: Technology adapted for district heating, water desalination, and hydrogen production projects.

Recent Milestones and Partnerships

• Received Standard Design Approval (SDA) from the Nuclear Regulatory Commission (NRC) for the 77-megawatt module in May 2025.
• Signed a technology licensing agreement with RoPower in July 2024 for a project in Romania.
• Entered a non-binding agreement on Sept. 2, 2025, to develop power for Tennessee Valley Authority.
• Completed a $1.0 billion at-the-market (ATM) stock sale program in June 2026 to fund commercialization.

Safer by Design

NuScale uses passive safety features that eliminate the need for many complex traditional nuclear systems. This modular design allows components to be built in factories and shipped to sites for faster assembly.

A Look at the Finances

• Net loss was $50.1 million for the three-month period ended June 30, 2026.
• Revenue was $75 million for the three-month period ended June 30, 2026, compared to $8.1 million in the same period in 2025.
• Cash and investments totaled $1.89 billion as of June 30, 2026.
• Research and development expenses were $31.2 million for the six-month period ended June 30, 2026, up $10.3 million year over year.
• The company reported zero debt as of June 30, 2026.

Bottom Line

NuScale has evolved from a research-focused startup to a commercial-ready provider of approved modular nuclear technology. Its significant cash reserves and strategic partnerships support its efforts to deploy carbon-free energy solutions worldwide.