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NuScale Power Corporation (NYSE: SMR) is at the forefront of developing innovative nuclear power solutions. The company specializes in creating small modular reactors (SMRs), which are designed to provide sustainable, carbon-free energy for various applications including electrical generation, district heating, desalination, and hydrogen production. NuScale's groundbreaking design has recently achieved a major milestone by becoming the first SMR to receive approval from the U.S. Nuclear Regulatory Commission (NRC).
Utilizing advanced simulation solutions from Ansys, NuScale has engineered a fully passive safety system for its reactors. This innovative system allows the reactor to safely shut down and self-cool without requiring operator intervention, external power, or additional water—addressing many of the safety challenges historically associated with nuclear power.
The company's SMR technology is poised for deployment in both the U.S. and Europe by the end of the decade. This technology not only supports traditional energy generation but also enables green hydrogen production—contributing to cleaner energy solutions globally.
NuScale's SMR is designed with stringent structural integrity and safety standards, relying on rigorous simulations and high-quality assurance. These efforts ensure the technology meets NRC requirements, making it a significant advancement in the nuclear energy sector. The company is committed to revolutionizing the energy industry with solutions that are smarter, cleaner, safer, and cost-competitive.
With continuous innovation and strategic partnerships, NuScale Power Corporation is set to redefine the landscape of nuclear energy and contribute to a more sustainable future.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor nuclear technology, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Thursday, November 7, 2024, at 5:00 p.m. ET. Financial results will be released after market close on the same day.
Interested parties can access the conference call by dialing (888) 550-5460 with conference ID 4347254 or by visiting the Events & Presentations page on NuScale's website. A replay of the webcast will be available for 30 days following the call.
NuScale Power (NYSE: SMR) reported its Q2 2024 results, highlighting accelerated business development, particularly in the data center/AI sector. Key developments include:
1. RoPower's authorization of Phase 2 Front-End Engineering and Design (FEED) for the Doicesti SMR power plant.
2. Advancement in manufacturing preparedness with Doosan Enerbility forging long lead materials.
3. Standard Design Approval application under review by the U.S. NRC, on track for mid-2025 completion.
Financial highlights:
- Cash and equivalents: $136.0 million
- Revenue: $1.0 million
- Net loss: $74.4 million, including $36.7 million non-cash expense related to warrant valuation
- Operating loss: $41.9 million, down from $56.1 million in Q2 2023
NuScale Power (NYSE: SMR), a leading provider of advanced small modular reactor nuclear technology, has announced its participation in several upcoming institutional investor conferences. These events, scheduled from August to October 2024, include:
- KeyBanc Technology Leadership Forum in Vail, CO (Aug 4-6)
- Canaccord Growth Conference in Boston, MA (Aug 13)
- NYSE Energy & Utilities Summit (Virtual, Sep 10)
- TD Cowen Nuclear Fuel Cycle & Next Generation Nuclear Roundtable (Virtual, Oct 8)
Attendance is by invitation only for clients of each firm. Interested investors should contact their sales representatives to register and secure meeting times. For a complete list of conferences, visit NuScale's Events & Presentations page.
NuScale Power (NYSE: SMR) has responded to a report by Hunterbrook, a known short-seller, released on July 29, 2024. The company strongly refutes the report's claims, characterizing them as an attempt to manipulate the stock market through sensationalized information. NuScale firmly states that the Securities and Exchange Commission (SEC) has not informed them of any current or potential investigation into the company. Furthermore, NuScale asserts that it is unaware of any grounds for such an investigation. This response aims to address concerns and maintain investor confidence in the face of potentially damaging allegations.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor (SMR) nuclear technology, will host a conference call to discuss its second quarter 2024 earnings on August 8, 2024, at 5:00 p.m. ET. The company will release its financial results after the market closes on the same day. Interested parties can join via a dedicated phone line or through the company's website. A replay of the call will be accessible for 30 days following the event.
NuScale Power (NYSE: SMR), a leader in advanced small modular reactor (SMR) nuclear technology, has announced its participation in several institutional investor conferences in May and June 2024. These events include the TD Cowen Sustainability Week (Virtual) on May 21, B. Riley Institutional Investor Conference in Beverly Hills, CA on May 22, Wolfe Research Small and Mid-Cap Conference in New York, NY on June 5, UBS Decarbonization Conference in New York, NY on June 6, and the Scotiabank ESG Conference and Sustainability Summit in Toronto, ON on June 11. Attendance is by invitation only, and interested investors must contact their sales representatives to register for one-on-one and group meetings.
NuScale Power (NYSE: SMR) reported its first quarter 2024 results, highlighting the commercialization of its small modular reactor (SMR) technology. The company sees a growing demand for carbon-free baseload power and is making progress in manufacturing power modules with strategic partner Doosan Enerbility. NuScale also announced financial updates, reporting revenue of $1.4 million and a net loss of $48.1 million for the quarter.
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