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) leads in advanced Small Modular Reactor technology development, offering scalable nuclear solutions for global energy needs. This page aggregates official announcements, financial disclosures, and strategic updates critical for tracking the company’s progress in clean energy innovation.
Access curated press releases covering regulatory milestones, partnership announcements, and VOYGR Plant deployment updates. Investors will find earnings reports, SEC filings, and analyses of NuScale’s position within the evolving nuclear energy sector.
Content spans technology breakthroughs, E2 Center developments, and international project expansions. Regular updates ensure stakeholders stay informed about safety certifications, grid integration progress, and competitive advancements in SMR markets.
Bookmark this page for streamlined access to NuScale’s verified communications. Combine frequent visits with Stock Titan’s portfolio tools to monitor how corporate developments may influence long-term energy sector dynamics.
NuScale Power Corporation (NYSE: SMR) announced that Karin Feldman will be the interim Chief Operating Officer/Chief Nuclear Officer starting January 6, 2023. She succeeds Dale Atkinson, who retires on January 5, 2023, after over eight years. Feldman, currently Vice President of Program Management, has been with NuScale since 2012 and holds degrees in nuclear engineering. During Atkinson's tenure, NuScale achieved significant milestones, including regulatory approval from the U.S. Nuclear Regulatory Commission. The company is now searching for a permanent COO/CNO.
NuScale Power Corporation (NYSE: SMR) has expanded its Board of Directors from eight to ten members with the addition of Dr. Bum-Jin Chung and Mr. Shinji Fujino. Both new members bring extensive nuclear expertise and experience in governance. Dr. Chung, a nuclear engineering professor, has a background in thermal hydraulics and safety, while Mr. Fujino has previously managed equity finance at Japan Bank for International Cooperation. The management highlights that these appointments enhance the company's leadership strength and commitment to advancing nuclear energy on a global scale.
NuScale Power has awarded two contracts to Framatome for designing fuel handling equipment and storage racks for its VOYGR™ SMR power plant. This partnership enhances NuScale's supply chain and manufacturing efforts, crucial for meeting project timelines by the decade's end. The collaboration, ongoing since 2014, signifies a strengthened relationship aimed at developing advanced nuclear technology. The VOYGR power plants can generate up to 924 megawatts of electricity, showcasing NuScale's commitment to clean energy solutions.
NuScale Power is collaborating with Shell and other industry leaders to develop an Integrated Energy System (IES) focused on hydrogen production using its small modular reactor (SMR) technology. The project will unfold in two phases and aims to optimize the economically viable use of energy generated from the NuScale VOYGR™ SMR. This initiative could potentially enhance grid stability and support global decarbonization efforts through low-carbon hydrogen production. A control room simulator will be adapted to evaluate the project’s dynamics within energy markets.
NuScale Power Corporation (NYSE: SMR) announced that CFO Chris Colbert will participate in three investor conferences in November and December 2022. The events include the Morgan Stanley Sustainable Megatrends Conference on November 21, the Credit Suisse 10th Annual Global Industrials Conference on November 30, and the UBS Power Infrastructure Conference on December 14. NuScale specializes in advanced small modular reactor technology, providing solutions for energy generation, district heating, and more, including the scalable NuScale Power Module™.
Nucor Corporation (NYSE: NUE) has joined the United Nations 24/7 Carbon-Free Energy Global Compact, becoming the first major industrial company to commit to this initiative aimed at accelerating global decarbonization of electricity systems. CEO Leon Topalian emphasized Nucor's legacy of producing low-carbon steel and its commitment to clean energy sources like wind, solar, and nuclear. The company is investing in projects to access 24/7 clean energy at its steel mills, including a strategic investment in NuScale Power Corporation (NYSE: SMR) for developing zero-carbon nuclear energy solutions.
NuScale Power Corporation (NYSE: SMR) has joined the United Nations 24/7 Carbon-free Energy Compact to support global decarbonization efforts in electricity systems. This collaboration enables the advancement of carbon-free energy technologies like NuScale's VOYGR™ small modular reactors (SMRs), which provide reliable, high-capacity energy while promoting renewable energy sources. NuScale aims to advocate for supportive policies, encouraging supply chain partners and investors to participate in the decarbonization movement.
NuScale Power Corporation (NYSE: SMR) reported its third-quarter results for the period ending September 30, 2022. The company specializes in advanced small modular reactor technology, which caters to global energy needs. The NuScale Power Module™ (NPM) can generate 77 megawatts of electricity and is scalable based on customer requirements. The VOYGR™-12 power plant can produce 924 MWe. A conference call is scheduled for November 14, 2022, at 8:30 a.m. ET to discuss these results. Additional information is available on the company's investor relations website.
NuScale Power LLC has launched its fourth Energy Exploration (E2) Center in partnership with Idaho State University in Pocatello, ID. Named the Reactor Control Room & Simulator Lab, this facility will provide hands-on nuclear science education, using a simulator for NuScale's VOYGR™ SMR technology. This initiative supports the commercial deployment of the VOYGR power plant for the Carbon Free Power Project in Idaho Falls. Additionally, NuScale's educational outreach aims to boost community engagement and understanding of advanced nuclear technology.
NuScale Power and Prodigy Clean Energy have developed a new marine-based small modular reactor (SMR) design, enhancing transportability and safety. This facility can deliver 924 MWe with a scalable nature, aiming to provide clean energy solutions for coastal and island nations. The collaboration, ongoing since 2018, seeks to bring competitive SMR solutions to market, focusing on carbon-free power generation and supporting energy security. With advantages like reduced capital expenditure and expedited project timelines, this initiative targets the decarbonization of economies reliant on coal.
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