NuScale Power Corporation Stock Price, News & Analysis

NuScale Power and Paragon Energy Solutions have signed a licensing agreement for the Highly Integrated Protection System (HIPS) platform, enhancing the safety capabilities of small modular reactors (SMRs). This agreement allows other SMR developers to utilize the NRC-approved HIPS technology, promoting cost-effective and cyber-resistant reactor protection solutions. By partnering with Paragon, NuScale aims to contribute to global decarbonization goals and strengthen the U.S. nuclear supply chain, aligning with the U.S. Department of Energy's strategy to enhance domestic manufacturing and job retention.

NuScale Power Corporation (NYSE: SMR) has announced the SEC's declaration of its Form S-1 registration statement, effective from July 1, 2022. This registration applies to pre-merger shares and PIPE securities, which will enhance accessibility and liquidity for shareholders and new investors. NuScale aims to drive the transition to clean energy with its advanced nuclear small modular reactor technology, capable of generating significant energy. The registration involves up to 178,396,711 Class A shares for exchange, bolstering trading volume and opportunities for investors.

NuScale Power has announced a strategic shift to enhance customer engagement by establishing a new business unit, VOYGR™ Services and Delivery (VSD). This unit will focus on delivering services and equipment related to NuScale's small modular reactors (SMR), following the NRC's approval in August 2020. With a goal to meet growing global energy demands, the restructuring aims to streamline operations and ensure effective delivery of projects, including significant contracts in the U.S., Poland, and Romania. Thomas Mundy will lead the new unit, emphasizing NuScale's commitment to clean energy solutions.

NuScale Power, a leader in advanced nuclear small modular reactor (SMR) technology, will attend several investor conferences in June 2022. These include the Cowen Sustainability and Energy Transition Conference on June 7, the Stifel Cross-Sector Insight Conference on June 8 in Boston, the UBS Utility and Energy Summit on June 14-15 in Kiawah Island, SC, the J.P. Morgan Energy, Power, and Renewables Conference on June 23 in New York City, and the Cantor Fitzgerald ESG Technology Conference on June 28 in Palo Alto, CA.

NuScale Power (NYSE: SMR) reports a total of $383.7 million in capital for its growth plan, including $341 million from a merger with Spring Valley Acquisition Corporation. The company is experiencing significant commercial momentum with new engagements in the U.S., Europe, and partnerships in South Korea and Japan. Financially, NuScale recorded $2.4 million in revenue and a net loss of $(23.4) million for Q1 2022. Looking ahead, NuScale reaffirms its financial outlook with a projected $16 million in cash revenue for 2022.

NuScale Power Corporation (NYSE: SMR) will host a Company Update call for investors and analysts on June 3, 2022, at 11:00 a.m. Eastern Time. CEO John Hopkins and CFO Chris Colbert will discuss recent business highlights, reaffirm financial projections, and answer analyst questions. Interested participants can join via dial-in at (888) 660-6537 or through a webcast accessible on NuScale's Investor Relations website. The NuScale Power Module™ technology, developed to meet diverse global energy needs, showcases its capacity to generate up to 924 MWe with its VOYGR™-12 power plant.

NuScale Power has announced its collaboration with the U.S. and Romanian governments to establish the fourth NuScale Energy Exploration Center (E2 Center) at the University Politehnica of Bucharest. This center will provide hands-on training in nuclear science and engineering, enhancing Romania's workforce development for small modular reactors (SMRs). The initiative, funded by the U.S. Department of State, aims to support Romania's strategic goals in nuclear energy deployment. The E2 Center will be operational by late 2023 and strengthens the partnership formed at COP26 for deploying the first NuScale VOYGR™ power plant by 2027/2028.

NuScale Power has signed a Memorandum of Understanding with Romania's S.N. Nuclearelectrica S.A. to advance the deployment of its small modular reactor (SMR) technology. This agreement involves engineering studies and licensing activities at the Doicesti site, aiming for the first NuScale VOYGR™-6 power plant in Romania. The partnership aims to enhance energy security and aid in achieving climate commitments. USTDA's previous grant facilitated site assessment, making Romania a potential hub for SMRs in Europe and promoting international partnerships in the nuclear sector.

NuScale Power and Associated Electric Cooperative have signed a Memorandum of Understanding (MOU) to evaluate NuScale’s VOYGR™ power plants for potential deployment. This collaboration aims to assess the feasibility of NuScale's small modular reactor (SMR) technology, which addresses the rising demand for clean and reliable energy in the U.S.

NuScale's 12-module VOYGR™-12 power plant can generate up to 924 megawatts, while the company aims to provide affordable decarbonization solutions.