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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) has joined the United Nations 24/7 Carbon-free Energy Compact to support global decarbonization efforts in electricity systems. This collaboration enables the advancement of carbon-free energy technologies like NuScale's VOYGR™ small modular reactors (SMRs), which provide reliable, high-capacity energy while promoting renewable energy sources. NuScale aims to advocate for supportive policies, encouraging supply chain partners and investors to participate in the decarbonization movement.
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 Power LLC has launched its fourth Energy Exploration (E2) Center in partnership with Idaho State University in Pocatello, ID. Named the Reactor Control Room & Simulator Lab, this facility will provide hands-on nuclear science education, using a simulator for NuScale's VOYGR™ SMR technology. This initiative supports the commercial deployment of the VOYGR power plant for the Carbon Free Power Project in Idaho Falls. Additionally, NuScale's educational outreach aims to boost community engagement and understanding of advanced nuclear technology.
NuScale Power and Prodigy Clean Energy have developed a new marine-based small modular reactor (SMR) design, enhancing transportability and safety. This facility can deliver 924 MWe with a scalable nature, aiming to provide clean energy solutions for coastal and island nations. The collaboration, ongoing since 2018, seeks to bring competitive SMR solutions to market, focusing on carbon-free power generation and supporting energy security. With advantages like reduced capital expenditure and expedited project timelines, this initiative targets the decarbonization of economies reliant on coal.
NuScale Power has appointed Chuck Goodnight as Vice President of Sales, enhancing its executive leadership team. This strategic move aligns with NuScale's goal to advance its global sales strategy and drive efficiencies. Goodnight brings over 30 years of experience in the nuclear industry, having held significant roles in various nuclear energy organizations. His expertise is expected to facilitate business development and commercialization efforts for NuScale’s innovative small modular reactor technology, which can generate up to 924 MWe.
NuScale Power announced that the U.S. Nuclear Regulatory Commission (NRC) approved its methodology for determining the size of the Emergency Planning Zone (EPZ) for its small modular reactors (SMRs). This approval allows for a smaller EPZ, limited to the plant's site boundary, ensuring public safety on par with existing U.S. nuclear plants. The compact EPZ supports better site location flexibility and reduces ownership costs for emergency planning. NuScale's design, which includes advanced safety features, aims to enhance nuclear energy's role in powering communities.
NuScale Power Corporation (NYSE: SMR) has announced a conference call to discuss its third quarter 2022 results on November 14, 2022, at 8:30 a.m. ET. The earnings release will be available on their investor relations website beforehand. NuScale's innovative small modular reactor technology supports various energy applications, including electrical generation and hydrogen production. The VOYGR™ power plants can be configured to generate between 308 MWe and 924 MWe.
NuScale Power Corporation (NYSE: SMR), a leader in advanced small modular nuclear reactor technology, announced CFO Chris Colbert's participation in the upcoming UBS Global Energy Transition Conference in London on September 14. NuScale's innovative technology serves diverse energy needs, including electricity generation and hydrogen production. The groundbreaking NuScale Power Module™ generates 77 megawatts (MWe) and can be scaled for various applications, contributing to a larger VOYGR™-12 power plant capable of generating 924 MWe.
NuScale Power and KGHM Polska Miedź signed a Task Order on
NuScale Power Corporation (NYSE: SMR) has formed a strategic alliance with Habboush Group to create a "one-stop-shop" for the financing, investment, and management of projects utilizing NuScale’s small modular reactor (SMR) technology. This partnership, alongside energy transition platform ENTRA1, aims to address the increasing global demand for clean energy solutions. NuScale’s Power Module™ is the only SMR technology approved by the U.S. Nuclear Regulatory Commission, and the collaboration is expected to enhance project delivery and expand access to clean energy globally.
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