NuScale Power Reports Third Quarter 2022 Results
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's technology addresses diverse energy needs globally.
- The company has developed scalable nuclear solutions, with the ability to generate 924 MWe from its VOYGR™-12 power plant.
- None.
Please visit this link to view the earnings press release. The supplementary information included in the third quarter slide presentation is available under the “Financials” section of the investor relations website at https://ir.nuscalepower.com.
NuScale will host a conference call
We plan to make a replay available for 30 days.
About
Founded in 2007, NuScale is headquartered in
Forward Looking Statements
This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, capital deployment, future growth, new awards, backlog, earnings and the outlook for the company’s business.
Actual results may differ materially as a result of a number of factors, including, among other things, the severity and duration of the COVID-19 pandemic and actions by governments, businesses and individuals in response to the pandemic, including the duration and severity of economic disruptions; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives; risks related to provisions of our convertible preferred stock; and restrictions on possible transactions imposed by our charter documents and
Additional information concerning these and other factors can be found in the Company's public periodic filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20221111005549/en/
NuScale Investor inquiries:
ir@nuscalepower.com
Media contact
dhughes@nuscalepower.com
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