![[nuscale-logo.png|300]] Company website: https://www.nuscalepower.com/ ### Introduction NuScale Power Corporation is a publicly traded American company specializing in the design and marketing of small modular reactors (SMRs) for nuclear energy production. Founded in 2007 based on research initiated in 2000 by a team of nuclear scientists at Oregon State University and the Idaho National Laboratory, the company was co-founded by Dr. José N. Reyes Jr., who drew from his expertise in nuclear engineering to develop the first commercial SMR prototype. Headquartered in Tigard, Oregon, with additional offices in Corvallis, Oregon; Houston, Texas; and Rockville, Maryland, NuScale's mission is to improve the quality of life for humankind by continuously improving nuclear power through safe, scalable, and carbon-free energy solutions. The company's key focus areas include advancing SMR technology to provide reliable baseload power for electricity generation, industrial processes, desalination, hydrogen production, and data center operations, while addressing global decarbonization goals. NuScale has achieved significant milestones, such as becoming the first SMR provider to receive U.S. Nuclear Regulatory Commission (NRC) design approval in 2020 and going public in 2022, positioning it as a leader in the transition to advanced nuclear energy amid rising demand from AI-driven data centers and renewable energy integration. ### Key Products and Technology - **NuScale Power Module™ (NPM)**: The core product is a small modular reactor based on pressurized water-cooled reactor technology, fully factory-fabricated for easy transport via truck, rail, or barge. Each module weighs approximately 700 tons and is shipped in three segments. - **Power Output and Scalability**: The uprated design produces 77 megawatts electric (MWe) per module, with configurations scaling from 4 modules (308 MWe) to 12 modules (924 MWe) in a VOYGR™ plant, allowing customization to match demand. - **Fuel and Efficiency**: Utilizes standard low-enriched uranium fuel assemblies in a 17x17 configuration, with enrichment below 5% and a refueling cycle of up to 21 months. The design emphasizes efficiency through natural convection cooling, eliminating the need for powered pumps in emergencies. - **Safety and Design Features**: Features "walk-away safe" operation, enabling indefinite shutdown and self-cooling without operator intervention, AC/DC power, or additional water. It includes resilience to extreme events like severe weather, aircraft impacts, electromagnetic pulses, and cyberattacks. The reactor vessel is 9 feet in diameter and 65 feet tall, with modules stored in submerged wells in a shared 10-million-gallon reservoir. - **Applications**: Provides carbon-free energy for electrical generation, district heating, desalination (e.g., a single module yields 150 million gallons of clean water daily), commercial-scale hydrogen production (up to 200 metric tons per day from 12 modules), process heat for industrial decarbonization, and powering data centers or micro-grids. A 12-module plant can support AI growth, replace retiring coal plants, or power 400,000 homes while reducing emissions. ### Team and Leadership - **John L. Hopkins, CEO**: Leads the company's strategic direction and commercialization efforts, with extensive experience in the energy industry; previously held executive roles at Fluor Corporation, a major investor and partner in NuScale. - **Dr. José N. Reyes Jr., Co-Founder and Chief Technology Officer**: Inventor of the NPM design, with over 40 years in nuclear engineering; holds a Ph.D. from the University of Maryland and led the original research at Oregon State University, where he also established a one-third-scale test facility in 2007. [@NuScale_Power](https://x.com/NuScale_Power) (company handle often features his insights). - **Other Key Executives**: Include leaders in operations, finance, and engineering, such as the Chief Financial Officer and Chief Operating Officer, focused on regulatory compliance, supply chain management, and global deployment; detailed bios emphasize backgrounds in nuclear safety and project management from institutions like the U.S. Department of Energy. ### Recent News and Developments (2025) | Date | Event | Details | |------|--------|---------| | August 1, 2025 | Enters Exchange and Lock-Up Agreement | NuScale signed an agreement allowing up to 15 million Class B units held by Fluor to convert to Class A shares starting August 12, with a 30-day lock-up and sales limited to 5% of daily volume through December 2026, aiming to manage potential dilution. | | July 30, 2025 | Participation in Investor Conferences | Announced management will attend upcoming conferences to discuss SMR technology and market opportunities. | | July 15, 2025 | Regulatory Approval for Modular Reactor | The NRC approved NuScale's 77 MW reactor design, enabling potential deployment in Oregon and beyond. | | July 11, 2025 | Stock Performance Update | Shares rose 120.6% in the first half of 2025, driven by NRC approvals and data center interest. | | July 7, 2025 | Second Quarter Earnings Call Scheduled | Set for August 7 to review Q2 2025 financial results and operational progress. | | June 24, 2025 | Strategic Agreement with Paragon | Partnered with Paragon Energy Solutions for monitoring and protection technologies, including the CoreVision Neutron Monitoring System. | | June 2, 2025 | NRC Approves SMR Plant Design | Certified the 462 MW VOYGR-6 plant, marking the second NRC approval and supporting global deployment by 2030. | | May 29, 2025 | NRC Approval for Uprated Reactor | Received Standard Design Approval for the 77 MWe module, reinforcing leadership in SMR technology. | | May 15, 2025 | Expects First SMR Order by Year-End | Reiterated confidence in securing a firm customer order by end of 2025, with 77 MWe approval anticipated in July. | | May 9, 2025 | First Quarter 2025 Results | Reported $521.4 million in cash and equivalents, advancing commercialization efforts despite no revenue yet. | ### Partnerships and Collaborations - **ENTRA1 Energy**: Exclusive global partner for commercialization, distribution, and deployment of NuScale's SMR technology, offering customized financing, ownership, and operating structures to de-risk projects and meet customer needs, including power purchase agreements. - **Paragon Energy Solutions**: Strategic agreement signed in June 2025 to supply CoreVision Neutron Monitoring System and Highly Integrated Protection System for reactor monitoring and safety. - **U.S. Reactor Forging Consortium (RFC)**: Collaboration with North American Forgemasters, Scot Forge, and ATI Forged Products to advance reactor component manufacturing and supply chain for SMR deployment. - **Shell Global Solutions**: Research agreement for clean hydrogen production, assessing economically optimized concepts integrating NuScale's SMR with industrial partners like Idemitsu Kosan, Chart Industries, and FPoliSolutions. - **Fluor Corporation**: Long-standing investor and engineering partner providing EPC services; holds significant equity and supports project development, though recent agreements allow controlled share conversions. - **Oregon State University**: Ongoing research and testing partnership, including co-location of facilities and equity exchange for patents; hosts Energy Exploration (E2) Centers for hands-on SMR training. - **Standard Power**: Agreement for two SMR plants to power data centers, highlighting interest from tech sectors for reliable carbon-free energy. - **Romania Project**: Negotiating deployment of SMRs, with design underway as part of international expansion. - **U.S. Department of Energy (DOE)**: Supported through grants and the Advanced SMR R&D program, including partnerships with Utah Associated Municipal Power Systems for demonstration at Idaho National Laboratory. - **Accelerant Solutions**: Collaboration to develop SMR operator training programs, building on 2023 efforts to enhance workforce readiness. ### Closing Note As a publicly traded company (NYSE: SMR) in the commercialization stage with over $521 million in cash reserves as of Q1 2025, NuScale Power is poised for growth through first deployments by 2030 amid strong regulatory progress and rising demand for SMRs in data centers and industrial applications. *Report generated August 04, 2025*