Welcome to our dedicated page for NuScale Power Corporation news (Ticker: SMR), a resource for investors and traders seeking the latest updates and insights on NuScale Power Corporation stock.
NuScale Power Corporation (NYSE: SMR) is frequently in the news for developments related to its advanced small modular reactor (SMR) nuclear technology and commercialization efforts. Founded in 2007, the company focuses on the NuScale Power Module™, a small, pressurized water reactor that can be deployed in modular arrays to provide carbon-free baseload power and process heat.
News coverage of NuScale often highlights regulatory milestones, such as U.S. Nuclear Regulatory Commission (NRC) design approvals for its SMR designs, and its role as the first and, according to the company, only SMR technology provider with NRC-certified designs. Articles also track the company’s strategic partnerships, including its exclusive global relationship with ENTRA1 Energy, which holds global exclusive rights to commercialize, distribute, and deploy NuScale’s products and services through ENTRA1 Energy Plants™.
Investors following SMR news can expect updates on major deployment programs, such as ENTRA1 Energy’s agreement with the Tennessee Valley Authority to develop up to 6 gigawatts of NuScale SMR capacity, as well as progress on international projects like the RoPower Doicești SMR power plant in Romania. NuScale’s participation in studies and assessments, including a techno-economic assessment with Oak Ridge National Laboratory on integrating NuScale Power Modules with chemical plants, is another recurring news theme.
NuScale’s news flow also includes quarterly earnings announcements, capital markets activities such as at-the-market equity offerings, governance and leadership changes, and agreements related to long-lead nuclear components. For investors and observers, the SMR news page provides a centralized view of how NuScale’s technology, partnerships, regulatory progress, and financing strategies are evolving over time.
NuScale Power Corporation (NYSE: SMR), a leader in advanced small modular nuclear reactor technology, announced CFO Chris Colbert's participation in the upcoming UBS Global Energy Transition Conference in London on September 14. NuScale's innovative technology serves diverse energy needs, including electricity generation and hydrogen production. The groundbreaking NuScale Power Module™ generates 77 megawatts (MWe) and can be scaled for various applications, contributing to a larger VOYGR™-12 power plant capable of generating 924 MWe.
NuScale Power and KGHM Polska Miedź signed a Task Order on
NuScale Power Corporation (NYSE: SMR) has formed a strategic alliance with Habboush Group to create a "one-stop-shop" for the financing, investment, and management of projects utilizing NuScale’s small modular reactor (SMR) technology. This partnership, alongside energy transition platform ENTRA1, aims to address the increasing global demand for clean energy solutions. NuScale’s Power Module™ is the only SMR technology approved by the U.S. Nuclear Regulatory Commission, and the collaboration is expected to enhance project delivery and expand access to clean energy globally.
NuScale Power (NYSE: SMR) has signed a memorandum of understanding (MOU) with Estonian energy company Fermi Energia to explore the deployment of its small modular reactor (SMR) technology in Estonia. This collaboration aims to support Estonia's goal of transitioning to carbon-free energy sources by 2030. Fermi Energia will evaluate the feasibility of NuScale's VOYGR™ SMR power plant to meet clean energy demands by 2031. The agreement highlights the growing interest in flexible and cost-competitive SMR solutions amid geopolitical considerations.
NuScale Power Corporation (NYSE: SMR) reported strong results for Q2 2022, raising
NuScale Power Corporation has partnered with National Technical Systems to develop the world’s first Loss of Coolant Accident (LOCA) chamber, designed to test components of its small modular reactor technology under high pressure and temperature. This collaboration aims to ensure compliance with Nuclear Regulatory Commission standards and facilitate the timely delivery of NuScale Power Modules by 2027. The chamber will be built in Huntsville, AL, marking a significant step toward deploying NuScale's innovative nuclear solutions globally, supporting cleaner energy production.
NuScale Power Corporation (NYSE: SMR) has entered into a Business Collaboration Agreement with National Technical Systems (NTS) to develop an Equipment Qualification Test Chamber. This facility will simulate environmental conditions necessary for ensuring the functionality of components used in NuScale's small modular reactor technology. The agreement aims to enable timely delivery of NuScale Power Modules™ to customers by 2027, marking significant progress towards global deployment of this advanced nuclear technology.
NuScale Power Corporation (NYSE: SMR) announced a conference call for investors and analysts on August 10, 2022, at 5:00 p.m. ET, to discuss its Second Quarter 2022 financial results. A press release with the financial details will be available on their Investor Relations website after market close on the same day. NuScale is recognized for its innovative small modular reactor technology, which includes options for various energy outputs tailored to customer needs. The company is committed to addressing global energy demands through its advanced nuclear solutions.
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.
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