![[nuscale-logo.png|300]] Website: [nuscalepower.com](https://www.nuscalepower.com) ### Introduction NuScale Power, founded in 2007, is a pioneering company in the field of nuclear energy, specifically focused on small modular reactor (SMR) technology. The company was established based on research conducted at Oregon State University (OSU) and the Idaho National Laboratory (INL), with initial funding from the U.S. Department of Energy (DOE). Headquartered in Portland, Oregon, NuScale Power is led by a team of nuclear scientists and engineers, with José N. Reyes Jr., a key figure in the invention of the first commercial SMR design. While exact employee counts are not publicly disclosed in the latest data, the company has grown significantly as a leader in SMR technology. Its mission is to provide scalable, carbon-free energy solutions through innovative nuclear technology to meet global energy demands while prioritizing safety and sustainability. NuScale Power is a publicly traded company listed on the New York Stock Exchange under the ticker symbol SMR. Since going public, it has attracted attention from investors interested in next-generation nuclear solutions, positioning itself as a key player in the transition to clean energy amidst rising demand for reliable, low-carbon power sources. [NuScale Power](https://www.nuscalepower.com), [Yahoo Finance](https://finance.yahoo.com/quote/SMR/) ### Key Products and Technology NuScale Power focuses on the development of small modular reactors, with the following key product: - **NuScale Power Module (NPM) - Small Modular Reactor (SMR)** - **Technical Specifications**: The latest uprated design, approved in 2025, offers a power output of 77 MWe (megawatts electric) per module, with a thermal capacity of 250 MWt. A single VOYGR plant can house up to 12 modules, generating up to 924 MWe. - **Fuel Type**: Utilizes standard low-enriched uranium fuel, similar to conventional nuclear reactors, ensuring compatibility with existing supply chains. - **Key Differentiators**: The NPM design emphasizes enhanced safety through natural circulation cooling, eliminating the need for pumps and reducing mechanical failure risks. Its modular, factory-built approach lowers construction costs and timelines compared to traditional reactors. Additionally, it can support diverse applications like desalination and hydrogen production. - **Development Stage**: The design has received Standard Design Approval from the U.S. Nuclear Regulatory Commission (NRC) for both the original 50 MWe and the uprated 77 MWe versions, marking a significant step toward commercial deployment. Projects are in planning for deployment by the end of the decade. - **Target Customers**: Utilities, industrial sectors, government entities, and emerging markets like data centers requiring consistent, carbon-free power. [NuScale Power](https://www.nuscalepower.com), [NRC.gov](https://www.nrc.gov) ### Regulatory and Licensing Status NuScale Power has achieved significant regulatory milestones with the U.S. Nuclear Regulatory Commission (NRC). It became the first company to receive NRC design certification for an SMR in 2023 for its 50 MWe design, a historic achievement in the nuclear industry. In May 2025, the NRC approved an uprated design for a 77 MWe, 6-module configuration, further validating NuScale’s technology for higher capacity needs. This approval was completed ahead of schedule and under budget, showcasing regulatory efficiency. The company is now in the phase of pursuing combined operating licenses (COLs) for specific project sites, a critical step before construction can begin. Upcoming milestones include site-specific environmental reviews and finalizing customer agreements for deployment. NuScale aims for its first commercial deployment by the end of the decade, with potential projects in the U.S. and abroad. The regulatory timeline remains on track, supported by government interest in advanced nuclear technologies as part of clean energy initiatives. [NRC.gov](https://www.nrc.gov), [DOE.gov](https://www.energy.gov) ### Team and Leadership NuScale Power’s leadership team combines expertise in nuclear engineering, regulatory affairs, and business development. Key figures include: - **John Hopkins - President and CEO**: With over 30 years of experience in the nuclear and energy sectors, Hopkins has led NuScale since 2012, guiding the company through regulatory approvals and commercialization efforts. - **José N. Reyes Jr. - Chief Technology Officer and Co-Founder**: A pioneer in SMR technology, Reyes spearheaded the original design at Oregon State University and continues to drive innovation in nuclear safety and scalability. - **Chris Colbert - Chief Strategy Officer**: Colbert focuses on partnerships and market expansion, leveraging his background in energy policy and finance. Unfortunately, verified X handles for these individuals are not publicly available in the latest data, so they are omitted here. [NuScale Power](https://www.nuscalepower.com) ### Funding and Financial Position NuScale Power has secured significant funding to support its development and commercialization efforts. While specific figures for total funding raised are not fully detailed in the latest public data, the company has benefited from early DOE grants and private investments. As a public company (ticker: SMR), its market cap and stock performance are tracked on platforms like Yahoo Finance. As of December 2025, recent stock performance data indicates volatility typical of emerging tech in the nuclear sector, though exact figures for market cap are subject to daily fluctuations and should be checked via [Yahoo Finance](https://finance.yahoo.com/quote/SMR/). Key institutional investors include Fluor Corporation, a strategic partner with a long-standing relationship with NuScale, alongside other energy-focused funds. NuScale remains largely pre-revenue, with income primarily from government grants and development contracts rather than commercial operations. The company is focused on securing binding customer contracts to transition to revenue generation by the late 2020s. [NuScale Power Investors](https://www.nuscalepower.com/investors) ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|----------------------------------------------------------------------------------------------| | Dec 19, 2025 | Partnership Announcement | NuScale collaborates with Oak Ridge National Laboratory and Tennessee Valley Authority (TVA) for a 12-module SMR demonstration planned for 2026. | | Dec 19, 2025 | Major SMR Deployment Program | Announced a landmark 6 GW SMR program with ENTRA1 Energy and TVA to power millions in TVA’s seven-state region. | | Nov 6, 2025 | Q3 2025 Financial Results | NuScale released its third-quarter financial results for the period ending September 30, 2025, detailing operational and financial updates. | | May 29, 2025 | NRC Design Approval | Received NRC Standard Design Approval for the uprated 77 MWe NuScale Power Module, enhancing capacity for future projects. | | Jun, 2025 | New Research Findings | Announced research showing a single NPM can produce 150 million gallons of clean water daily and support hydrogen generation for industrial use. | These events highlight NuScale’s progress in regulatory, technological, and partnership domains throughout 2025. [NuScale Power Press Releases](https://www.nuscalepower.com/press-releases) ### Partnerships and Collaborations - **Tennessee Valley Authority (TVA) and Oak Ridge National Laboratory (ORNL)**: Collaboration on a 12-module SMR demonstration planned for 2026, alongside a 6 GW program with ENTRA1 Energy. This partnership validates NuScale’s technology and positions it for large-scale deployment in the southeastern U.S., providing carbon-free power to millions. - **Fluor Corporation**: A long-term strategic partner and investor, Fluor provides engineering, procurement, and construction (EPC) expertise, critical for project execution and cost control. - **Nucor Corporation**: Signed a Memorandum of Understanding in 2023 to explore SMR deployment for powering electric arc furnace steel mills, showcasing industrial applications of NuScale’s technology. These partnerships enhance NuScale’s credibility, provide access to expertise, and secure potential offtake agreements for future projects. [NuScale Power](https://www.nuscalepower.com) ### New Hampshire Relevance NuScale Power’s technology holds potential relevance for [[New Hampshire]], given the state’s existing nuclear infrastructure and energy needs. The proximity to [[Seabrook Station]], New Hampshire’s only nuclear power plant, and integration with the ISO New England (ISO-NE) grid could facilitate SMR deployment for grid stability and decarbonization. NuScale’s VOYGR plants, with scalable outputs up to 924 MWe, align with the capacity needs of a state like New Hampshire, which seeks reliable baseload power to complement intermittent renewables. The technology’s readiness, with NRC design approvals in place, fits within a potential deployment timeline for New Hampshire by the late 2020s or early 2030s, pending site-specific licensing. Legislative initiatives like HB 710, which explore advanced nuclear options, align with NuScale’s SMR offerings. Applications could include grid power replacement for aging infrastructure, powering data centers (a growing load in the Northeast), or providing industrial heat for manufacturing. While no direct NH connections are documented in 2025 data, NuScale’s interest in Northeast markets and discussions with regional utilities suggest future potential. The modular design also suits smaller, rural grids like those in parts of New Hampshire, minimizing land use impacts. ### Competitive Position NuScale Power faces competition from other SMR developers, each with distinct approaches: - **[[Oklo]] Inc.**: Focuses on fast reactors with a scalable model for niche markets like remote communities and data centers. [[Oklo]] is gaining ground but lacks NRC design certification, placing NuScale ahead in regulatory progress. However, Oklo’s novel fuel recycling could challenge NuScale on long-term cost. [Yahoo Finance](https://finance.yahoo.com/news/nuscale-power-vs-oklo-small-134600209.html) - **[[GE Vernova Hitachi Nuclear Energy|GE Hitachi]] Nuclear Energy (BWRX-300)**: Offers a boiling water reactor SMR design with a larger single-module output (300 MWe). It competes on economies of scale but trails NuScale in NRC certification milestones. - **[[TerraPower]] (Natrium)**: Backed by Bill Gates, [[TerraPower]] focuses on sodium-cooled fast reactors with energy storage integration. It targets different use cases but faces longer timelines to commercialization compared to NuScale’s near-term deployment potential. NuScale’s unique advantage lies in its first-mover status with NRC approvals and a factory-built modular design for cost efficiency. Risks include execution challenges in scaling projects and securing firm customer contracts amidst competitive pressure. ### Closing Note NuScale Power is at an advanced stage of SMR development with regulatory approvals secured, poised for commercial deployment by the end of the decade with a promising outlook for clean energy impact. *Report generated December 24, 2025*