NuScale Power Corporation Stock Price, News & Analysis

NuScale Power Corporation (NYSE: SMR) announced a significant order with Doosan Enerbility for long lead materials necessary for the production of the NuScale Power Module™, marking a key step towards commercialization. This includes materials for six upper reactor pressure vessels and signifies the transition to manufacturing phase, with expected operations at the Utah Carbon Free Power Project by 2029. The total weight of materials exceeds 2,000 tons. The U.S. Nuclear Regulatory Commission recently certified NuScale's SMR design, reinforcing its market leadership in advanced nuclear technology.

NuScale Power Corporation (NYSE: SMR), a leader in advanced small modular reactor technology, announced its management's participation in investor conferences throughout March 2023. These include the NYSE Energy & Utilities Virtual Investor Day and the UBS Infrastructure Conference in Dallas, Texas. Additionally, CEO John Hopkins will speak at the Guggenheim Securities Advanced Nuclear Energy Conference on March 30, 2023, in New York City. NuScale’s VOYGR™ SMR plants are designed to provide scalable, carbon-free energy and are the first to receive design certification from the U.S. Nuclear Regulatory Commission.

NuScale Power Corporation (NYSE: SMR) will host a conference call on March 15, 2023, at 5:00 p.m. ET to discuss its 2022 fourth quarter and year-end financial results. The results will be released after the market closes on that day. Investors can access the conference call by dialing (888) 550-5460 with conference ID 4347254 or through the company's website. The company focuses on advanced small modular reactor technology, aiming to provide safe, scalable, and carbon-free energy solutions. NuScale's VOYGR™ system is the first SMR design certified by the U.S. Nuclear Regulatory Commission.

GSE Solutions (Nasdaq: GVP) has announced a contract with NuScale Power (NYSE: SMR) to create a Hydrogen Plant Model for NuScale's VOYGR^TM small modular reactor simulator. This collaboration will enhance the existing control room simulator to assess the feasibility of connecting hydrogen production to SMR power plants. The model is expected to be completed by March 2024, supporting decarbonization efforts through clean hydrogen production. GSE aims to leverage its advanced simulation technology to improve energy production efficiency and safety.

NuScale Power Corporation announced that its Project Management Committee approved a new Budget and Plan of Finance for the Carbon Free Power Project (CFPP), furthering its commitment to SMR technology. The project, located near Idaho Falls, Idaho, will feature six modules generating 462 megawatts of carbon-free electricity.

NuScale updated the Development Cost Reimbursement Agreement, establishing a target price of $89 per megawatt hour. However, inflationary pressures have increased project costs significantly due to external factors, including a more than 50% rise in steel prices since 2020.

NuScale Power Corporation (NYSE: SMR) announced that CFO Chris Colbert will participate in the UBS Winter Infrastructure & Energy Conference on January 10, 2023, in Park City, UT. The conference will feature 1x1 and small group meetings. NuScale is a leader in advanced small modular reactor technology, designed to meet global energy needs through electrical generation and process heat applications. The NuScale Power Module™ can generate 77 megawatts, scalable for larger outputs up to 924 megawatts with their VOYGR™-12 power plant.

NuScale Power Corporation (NYSE: SMR) submitted a Standard Design Approval (SDA) application to the U.S Nuclear Regulatory Commission (NRC) on January 1, 2023, for its updated small modular reactor (SMR) design based on the VOYGR™-6 configuration, featuring a 250 MWt module. This design maintains the NRC-approved safety features from 2020 while increasing power output by 25%. The NRC's previous approval of NuScale's SMR design positions the company for efficient regulatory review. Collaborations are ongoing with clients in Poland and Romania to deploy SMR technology, reinforcing its market potential.

NuScale Power has signed a significant contract for Front-End Engineering and Design (FEED) work with RoPower Nuclear S.A. to deploy a NuScale VOYGR™ small modular reactor (SMR) power plant in Romania. This eight-month project will assess environmental impacts and site-specific requirements for the VOYGR-6 SMR at the Doicesti Power Station. With this collaboration, Romania is set to become the first European country to utilize this advanced nuclear technology, aligning with energy security and decarbonization goals.

NuScale Power Corporation (NYSE: SMR) has announced the timely completion of its Standard Plant Design (SPD) project, achieving over 12,000 deliverables. This significant milestone enhances its readiness for facility construction and equipment procurement, marking substantial progress towards deploying VOYGR™ SMR power plants globally. The SPD encompasses essential documentation and a comprehensive 3D model, aiding clients in evaluating NuScale's technology. This achievement showcases NuScale's technological maturity and differentiation from competitors.