Company Overview

NuScale Power Corporation is the industry-leading provider of proprietary and innovative advanced Small Modular Reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. Founded in 2007 and headquartered in Corvallis, Oregon, NuScale (NYSE: SMR) is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale stands at the forefront of next-generation nuclear energy solutions.

Core Technology and Products

NuScale Power Module

The NuScale Power Module™, the company's groundbreaking SMR technology, is a small, safe, pressurized water reactor. Each module can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross). These modules can be scaled to meet customer needs through an array of flexible configurations, offering an output of up to 924 MWe (using 12 modules).

VOYGR Power Plants

NuScale offers scalable power plant solutions designed to meet varying energy needs. These include the flagship 12-module (924 MWe) VOYGR-12™ power plant, as well as smaller configurations like the six-module (462 MWe) VOYGR-6™ and the four-module (308 MWe) VOYGR-4™ power plants.

Energy Exploration Centers

NuScale Power Corporation (NYSE: SMR) has announced the opening of its 10th Energy Exploration (E2) Center™ at South Carolina State University. This facility features a 12-module control room simulator designed to provide hands-on nuclear power plant operation training. This E2 Center is part of NuScale's global network of training facilities located across North America, Europe, Africa, and Asia.

Business Model and Market Positioning

NuScale's business model is structured around three key pillars:

- Technology Licensing: Providing access to proprietary designs that can be integrated into broader energy strategies.

- Reactor Systems Sales: Direct revenue generation through the sales and deployment of modular nuclear reactors.

- Partnerships: Collaborations with industry leaders and infrastructure developers to ensure robust deployment and regulatory compliance.

The company is strategically targeting sectors including data centers and AI, mission-critical facilities, integration with wind power, petrochemical plants, hydrogen production, and desalination.

Recent Financial Performance (Q2 2025)

Revenue Growth

Revenue increased by $7.1 million to $8.1 million for the three months ended June 30, 2025, compared to $1.0 million for the same period in 2024. These increases were primarily attributable to engineering and licensing fees, as well as services supporting RoPower's goal of deploying a power plant in Romania powered by six NuScale Power Modules™.

Financial Position

NuScale maintained a strong liquidity position with $489.9 million in cash and investments.

- The trailing twelve months (TTM) revenue of NuScale Power Corporation (SMR) was $475,000.

- The trailing twelve months (TTM) net income of NuScale Power Corporation (SMR) was -$45,554,000.

Operating Expenses

General and administrative expenses increased by $5.7 million to $22.5 million for the three months ended June 30, 2025, compared to $16.8 million in the prior year's quarter. This rise was mainly driven by higher business development costs associated with NuScale's transition from a research and development-based company to a commercial entity, partially offset by cost optimization measures.

Regulatory Achievements

In May, NuScale received Standard Design Approval from the NRC for its 77 MWe SMR design ahead of schedule. This marked the company's second NRC design approval, enabling it to support a wider range of users. NuScale remains the only technology provider to have obtained NRC design approval, positioning it significantly ahead of competitors in the market.

Key Projects and Partnerships

RoPower Romania Project

NuScale provided an update on its RoPower project in Romania, where it continues to supply six NuScale Power Modules for deployment at a former coal-fired power plant site in Doicești. The coal plant has been fully decommissioned, and progress continues on Fluor (NYSE:FLR)'s Front-End Engineering Design (FEED) Phase 2 study, moving towards a final investment decision.

ENTRA1 Partnership

NuScale is making strides towards deploying its technology, exemplified by its partnership with ENTRA1 to commercialize its SMR technology within ENTRA1 Energy Plants™.

Competitive Advantages

While the competitive landscape includes established nuclear reactor manufacturers, NuScale's innovative approach to SMR technology offers clear differentiation through improved operational safety, flexible capacity scaling, and enhanced economic viability. These characteristics position NuScale as a serious contender in the modernization of nuclear energy solutions.

NuScale continues to emphasize its position as the first and only SMR technology to receive design approval from the U.S. Nuclear Regulatory Commission, a significant competitive advantage in the emerging nuclear technology market. The company's history highlights a clear timeline of achievements since its founding in 2007, including key regulatory milestones and the commencement of manufacturing for its NuScale Power Module (NPM) in 2023.

NuScale Power Corporation represents a transformative approach to nuclear energy, combining advanced SMR technology with regulatory approval to address the growing demand for clean, reliable energy solutions across multiple industrial sectors.