NuScale Power Corporation Stock Price, News & Analysis

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.

NuScale Power has appointed Chuck Goodnight as Vice President of Sales, enhancing its executive leadership team. This strategic move aligns with NuScale's goal to advance its global sales strategy and drive efficiencies. Goodnight brings over 30 years of experience in the nuclear industry, having held significant roles in various nuclear energy organizations. His expertise is expected to facilitate business development and commercialization efforts for NuScale’s innovative small modular reactor technology, which can generate up to 924 MWe.

NuScale Power announced that the U.S. Nuclear Regulatory Commission (NRC) approved its methodology for determining the size of the Emergency Planning Zone (EPZ) for its small modular reactors (SMRs). This approval allows for a smaller EPZ, limited to the plant's site boundary, ensuring public safety on par with existing U.S. nuclear plants. The compact EPZ supports better site location flexibility and reduces ownership costs for emergency planning. NuScale's design, which includes advanced safety features, aims to enhance nuclear energy's role in powering communities.

NuScale Power Corporation (NYSE: SMR) has announced a conference call to discuss its third quarter 2022 results on November 14, 2022, at 8:30 a.m. ET. The earnings release will be available on their investor relations website beforehand. NuScale's innovative small modular reactor technology supports various energy applications, including electrical generation and hydrogen production. The VOYGR™ power plants can be configured to generate between 308 MWe and 924 MWe.

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 September 7, 2022, at the Economic Forum in Poland, marking a significant advancement towards deploying the first small modular reactor (SMR) in the country. This agreement aims to aid KGHM's application to the National Atomic Energy Agency for NuScale's SMR technology evaluation. NuScale’s innovative reactor can generate up to 77 megawatts, with the potential for larger configurations. This collaboration positions Poland as a leader in clean energy deployment in Central Europe.

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.