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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 Corporation (NYSE: SMR), a leader in advanced nuclear SMR technology, has achieved ISO 9001:2015 certification from Orion Register Inc. This certification validates NuScale’s commitment to quality management systems that meet global standards. The evaluation confirmed the effectiveness of the company’s quality management processes, emphasizing customer feedback and continuous improvement. NuScale has previously received U.S. Nuclear Regulatory Commission approval for its quality assurance program in 2011 and holds the ASME N Certificate of Authorization since 2019, reinforcing the strength of its nuclear quality initiatives. The company aims to assist in the global energy transition with its VOYGR™ SMR plants, which can scale from 77 megawatts to 924 MWe, catering to diverse energy needs worldwide.
NuScale Power Corporation (NYSE: SMR) has signed a memorandum of understanding (MOU) with Doosan Enerbility Co., Ltd. and Korea Export-Import Bank (KEXIM) during the President of Korea’s visit to the United States. This partnership aims to enhance cooperation for the deployment of NuScale's small modular reactors (SMRs) globally. The agreement includes areas like marketing, technical support, and establishing a US-based supply chain for production. Doosan's commitment involves advancing manufacturing technology and expanding capacity. This collaboration follows a prior MOU signed in March 2023, focusing on financial cooperation for deploying NuScale VOYGR plants. Notably, the VOYGR plants can generate up to 924 MWe using NuScale Power Modules, contributing significantly to carbon-free energy production.
NuScale Power Corporation (NYSE: SMR) announced a conference call scheduled for May 9, 2023, at 5:00 p.m. ET to discuss its first-quarter results. The financial results will be released after market close that day. Interested parties can join the call by dialing (888) 550-5460 with conference ID 4347254 or through the company’s Events & Presentations page on its website. A replay of the call will be available for 30 days.
NuScale Power is recognized for its innovative advanced small modular reactor (SMR) technology, specifically the VOYGR™ SMR plants. Each unit of the NuScale Power Module™ generates 77 megawatts of electricity, scalable up to 924 megawatts across 12 modules, paving the way for safe and sustainable energy solutions.
NuScale Power Corporation (NYSE: SMR) announced that the U.S. Nuclear Regulatory Commission (NRC) has commenced the technical review of its second Standard Design Approval (SDA) application for its VOYGRTM-6 power plant, submitted in late 2022. The design includes an uprated 250 MWt (77 MWe) SMR based on previously approved safety features. President John Hopkins emphasized the importance of this review in achieving commercialization of their SMR technology, which aims to provide affordable and carbon-free energy. The company has positioned itself as a leader in advanced small modular reactor technology.
NuScale Power Corporation (NYSE: SMR) reported its fourth quarter and full-year results for 2022, highlighting its position as a leader in advanced small modular reactor technology. The company’s VOYGR™ SMR plants, utilizing the NuScale Power Module™, can generate 77 megawatts of electricity each and be scaled up to 924 MWe. This unique technology is the first and only small modular reactor design certified by the U.S. Nuclear Regulatory Commission, promoting a vision of safe, carbon-free energy solutions. For detailed earnings and additional insights, NuScale encourages investors to visit their investor relations page.
NuScale Power Corporation (NYSE: SMR) announced a significant order with Doosan Enerbility for long lead materials necessary for the production of the NuScale Power Module™, marking a key step towards commercialization. This includes materials for six upper reactor pressure vessels and signifies the transition to manufacturing phase, with expected operations at the Utah Carbon Free Power Project by 2029. The total weight of materials exceeds 2,000 tons. The U.S. Nuclear Regulatory Commission recently certified NuScale's SMR design, reinforcing its market leadership in advanced nuclear technology.
NuScale Power Corporation (NYSE: SMR), a leader in advanced small modular reactor technology, announced its management's participation in investor conferences throughout March 2023. These include the NYSE Energy & Utilities Virtual Investor Day and the UBS Infrastructure Conference in Dallas, Texas. Additionally, CEO John Hopkins will speak at the Guggenheim Securities Advanced Nuclear Energy Conference on March 30, 2023, in New York City. NuScale’s VOYGR™ SMR plants are designed to provide scalable, carbon-free energy and are the first to receive design certification from the U.S. Nuclear Regulatory Commission.
NuScale Power Corporation (NYSE: SMR) will host a conference call on March 15, 2023, at 5:00 p.m. ET to discuss its 2022 fourth quarter and year-end financial results. The results will be released after the market closes on that day. Investors can access the conference call by dialing (888) 550-5460 with conference ID 4347254 or through the company's website. The company focuses on advanced small modular reactor technology, aiming to provide safe, scalable, and carbon-free energy solutions. NuScale's VOYGR™ system is the first SMR design certified by the U.S. Nuclear Regulatory Commission.
GSE Solutions (Nasdaq: GVP) has announced a contract with NuScale Power (NYSE: SMR) to create a Hydrogen Plant Model for NuScale's VOYGRTM small modular reactor simulator. This collaboration will enhance the existing control room simulator to assess the feasibility of connecting hydrogen production to SMR power plants. The model is expected to be completed by March 2024, supporting decarbonization efforts through clean hydrogen production. GSE aims to leverage its advanced simulation technology to improve energy production efficiency and safety.
NuScale Power Corporation announced that its Project Management Committee approved a new Budget and Plan of Finance for the Carbon Free Power Project (CFPP), furthering its commitment to SMR technology. The project, located near Idaho Falls, Idaho, will feature six modules generating 462 megawatts of carbon-free electricity.
NuScale updated the Development Cost Reimbursement Agreement, establishing a target price of $89 per megawatt hour. However, inflationary pressures have increased project costs significantly due to external factors, including a more than 50% rise in steel prices since 2020.
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