NuScale Power Corporation - SMR STOCK NEWS

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 VOYGR^TM-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 VOYGR^TM 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.

NuScale Power Corporation (NYSE: SMR) announced that CFO Chris Colbert will participate in the UBS Winter Infrastructure & Energy Conference on January 10, 2023, in Park City, UT. The conference will feature 1x1 and small group meetings. NuScale is a leader in advanced small modular reactor technology, designed to meet global energy needs through electrical generation and process heat applications. The NuScale Power Module™ can generate 77 megawatts, scalable for larger outputs up to 924 megawatts with their VOYGR™-12 power plant.

NuScale Power Corporation (NYSE: SMR) submitted a Standard Design Approval (SDA) application to the U.S Nuclear Regulatory Commission (NRC) on January 1, 2023, for its updated small modular reactor (SMR) design based on the VOYGR™-6 configuration, featuring a 250 MWt module. This design maintains the NRC-approved safety features from 2020 while increasing power output by 25%. The NRC's previous approval of NuScale's SMR design positions the company for efficient regulatory review. Collaborations are ongoing with clients in Poland and Romania to deploy SMR technology, reinforcing its market potential.