The increase in share price can be attributed to the swelling demand for energy especially safe and clean energy. Based in Portland, OR, NuScale specializes in providing innovative advanced nuclear small modular reactor ("SMR") technology. NuScale has the first-mover advantage in the commercial SMR development space as it is the first and only company to have received U.S. Nuclear Regulatory Commission design approval and certification. The efforts to commercialize its SMR technology bode well. The company ...

NuScale has been developing this technology since 2007 and has invested $1.8 billion. The company is the only one to receive a Standard Design Approval from the Nuclear Regulatory Commission for its 50 MWe modular reactors. Energy demand is set to explode over the next decade, with artificial intelligence leading the way. According to Goldman Sachs, data center power demand is expected to grow 15% annually through 2030. This exciting technology could provide nuclear power for remote locations or industrial ...

RICHMOND, Va., July 10, 2024 /PRNewswire/ -- Dominion Energy Virginia today announced it has issued a Request for Proposals (RFP) from leading SMR nuclear technology companies to evaluate the feasibility of developing an SMR at the company's North Anna Power Station in Louisa County, Va. For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benef ...

Rolls-Royce SMR has enlisted GSE Solutions to develop a power station simulator, as it continues to mature the design of its Small Modular Reactor (SMR) technology and remains on track to complete Step 2 of the Generic Design Assessment this summer. David Dodd, Rolls-Royce SMR Engineering Director, said: "Commissioning a simulation and test platform is another stride towards deploying the first Rolls-Royce SMR power plant. The work with GSE is part of our 'digital-first' methodology and our truly modular ap ...

Lack of profits plus a possible challenge to its technology make NuScale Power a risky investment. Will China make NuScale obsolete? Is NuScale Power stock a sell? That's fine as long as nuclear fission, used in SMRs, remains the cutting-edge technology. But as The Wall Street Journal reported this morning, there's a new technology on the horizon, nuclear fusion, and China is taking the lead in the race to commercialize it. But China is now racing to make it a reality. It is investing twice as much money an ...

June is busting out all over -- and so is this nuclear energy stock. After a strong performance last week, shares of NuScale Power (SMR -0.58%) have continued to climb this week. That earlier surge was prompted by news that the Department of Energy planned to provide $900 million in funding to support the deployment of small modular reactors (SMRs) of the type that NuScale is developing. But the catalyst for the nuclear energy stock's latest rise appears to have been an analyst's auspicious outlook on the c ...

Shares of this innovative nuclear power stock jolted higher to start the week and never let up. For years, the U.S. government's interest in advancing renewable energy seemed to be synonymous with solar and wind power. On Monday, however, the Department of Energy revealed a new enthusiasm for facilitating the growth of nuclear power -- the type of nuclear power plants that NuScale Power (SMR 5.36%) is intent on developing itself. Investors took note of the announcement, and shares have powered higher throug ...

Are investors in this nuclear power stock missing the fact that NuScale is running out of cash? What do China and Bill Gates have in common? China has 55 reactors in service and is building 27 more. (The U.S. has one.) China's also building them faster, with plans to add 150 new plants by 2035 -- making its nuclear power industry about twice the size of America's. Is NuScale Power stock a buy? Shares of NuScale Power (SMR 2.56%) inched 2% higher through noon ET after a weekend of positive news got investors ...

Company Overview - NuScale Power is a young company founded in 2007 and went public in 2022 [6] - The company has developed a small modular reactor (SMR) nuclear technology that can generate carbon-free nuclear energy for various end uses, including electricity generation, hydrogen production, desalination, and powering data centers [3] - NuScale Power is still in the research and development stage and has yet to commercialize its technology, but it claims to be close to commercial deployment and is focused on advancing revenue-generating projects while securing new orders [5] - The company does not have any debt, which is notable for a start-up [5] Financial Performance - NuScale Power reported a 75% drop in its year-over-year revenue due to the loss of a contract and a 35% rise in net loss for its first quarter last month [2] - The stock was down 69% through the end of 2023 before dramatically rebounding this year, with a 50.5% jump in May alone [6] - The stock has rallied 162% so far this year, as of this writing [10] Industry and Market Trends - Investors expect NuScale Power to benefit from the U S government's moves to boost the local nuclear industry, including the Prohibiting Russian Uranium Imports Act signed into law in mid-May to ban the import of uranium from Russia [2][7] - The government has called nuclear energy "the way of the future" as it strives to build a low-carbon economy, leading to increased investor enthusiasm for nuclear energy stocks [4][7] - The government plans to pump $2 7 billion to ramp up domestic nuclear fuel production [7] Technology and Contracts - NuScale Power's SMR technology is the first and only such technology to have its design certified by the U S Nuclear Regulatory Commission [8] - The company recently won a contract from Standard Power to develop two SMR-powered facilities in Ohio and Pennsylvania that will deploy 24 NuScale Power modules and generate roughly 2 gigawatts of clean energy [8] Revenue and Monetization - NuScale Power has yet to sell and monetize its first product, making it a speculative bet for investors [10] - The company currently generates little revenue from providing engineering and licensing services to potential customers [10]

SMR NuScale's Financial Performance and Strategy $7.67 52-Week Range $1.81 $11.21 NuScale Power Corporation NYSE: SMR is at the forefront of the nuclear energy sector, which is part of the renewable energy sector. NuScale focuses on developing and deploying advanced, small modular reactor (SMR) technology. This innovative approach to energy production promises to deliver clean, reliable, and scalable carbon-free energy, a crucial element in the global energy transition towards a more sustainable future. The ...