Welcome to our dedicated page for NuScale Power Corporation news (Ticker: SMR), a resource for investors and traders seeking the latest updates and insights on NuScale Power Corporation stock.
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.
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