NuScale Power Corporation Stock Price, News & Analysis

NuScale Power Corporation (NYSE: SMR), a leader in advanced nuclear SMR technology, has achieved ISO 9001:2015 certification from Orion Register Inc. This certification validates NuScale’s commitment to quality management systems that meet global standards. The evaluation confirmed the effectiveness of the company’s quality management processes, emphasizing customer feedback and continuous improvement. NuScale has previously received U.S. Nuclear Regulatory Commission approval for its quality assurance program in 2011 and holds the ASME N Certificate of Authorization since 2019, reinforcing the strength of its nuclear quality initiatives. The company aims to assist in the global energy transition with its VOYGR™ SMR plants, which can scale from 77 megawatts to 924 MWe, catering to diverse energy needs worldwide.

NuScale Power Corporation (NYSE: SMR) has signed a memorandum of understanding (MOU) with Doosan Enerbility Co., Ltd. and Korea Export-Import Bank (KEXIM) during the President of Korea’s visit to the United States. This partnership aims to enhance cooperation for the deployment of NuScale's small modular reactors (SMRs) globally. The agreement includes areas like marketing, technical support, and establishing a US-based supply chain for production. Doosan's commitment involves advancing manufacturing technology and expanding capacity. This collaboration follows a prior MOU signed in March 2023, focusing on financial cooperation for deploying NuScale VOYGR plants. Notably, the VOYGR plants can generate up to 924 MWe using NuScale Power Modules, contributing significantly to carbon-free energy production.

NuScale Power Corporation (NYSE: SMR) announced a conference call scheduled for May 9, 2023, at 5:00 p.m. ET to discuss its first-quarter results. The financial results will be released after market close that day. Interested parties can join the call by dialing (888) 550-5460 with conference ID 4347254 or through the company’s Events & Presentations page on its website. A replay of the call will be available for 30 days.

NuScale Power is recognized for its innovative advanced small modular reactor (SMR) technology, specifically the VOYGR™ SMR plants. Each unit of the NuScale Power Module™ generates 77 megawatts of electricity, scalable up to 924 megawatts across 12 modules, paving the way for safe and sustainable energy solutions.

NuScale Power Corporation (NYSE: SMR) announced that the U.S. Nuclear Regulatory Commission (NRC) has commenced the technical review of its second Standard Design Approval (SDA) application for its VOYGR^TM-6 power plant, submitted in late 2022. The design includes an uprated 250 MWt (77 MWe) SMR based on previously approved safety features. President John Hopkins emphasized the importance of this review in achieving commercialization of their SMR technology, which aims to provide affordable and carbon-free energy. The company has positioned itself as a leader in advanced small modular reactor technology.