Company Overview

NuScale Power Corporation is a U.S.-based nuclear energy technology company focused on the design, development, and commercialization of small modular reactor (SMR) nuclear power systems. The company operates within the advanced nuclear energy, clean energy infrastructure, and power generation industries. NuScale’s core offering is its proprietary light-water small modular reactor technology, marketed as the NuScale Power Module, which is designed to provide scalable nuclear power generation for utilities, industrial facilities, data centers, hydrogen production, desalination, and district heating applications. Revenue generation has historically been driven primarily through engineering services, licensing support, strategic partnerships, and government-backed development agreements as the company continues toward broader commercialization.

NuScale originated from research conducted at Oregon State University in the early 2000s and was formally established in 2007. The company gained industry recognition after becoming the first SMR developer to receive U.S. Nuclear Regulatory Commission design approval for a small modular reactor design. NuScale later became publicly traded through a merger with a special purpose acquisition company in 2022 and now trades on the New York Stock Exchange under the ticker SMR. The company’s strategic positioning is tied to its first-mover regulatory approvals, modular reactor architecture, passive safety systems, and alignment with global decarbonization and energy security initiatives.

Business Operations

NuScale conducts operations primarily through its nuclear technology development and commercialization activities. Its principal business unit is NuScale Power, which develops reactor designs, engineering services, simulation technologies, licensing support, and deployment planning for SMR projects. The company’s reactor platform is based on pressurized water reactor technology and incorporates passive safety features intended to operate without external power, pumps, or operator intervention during certain emergency scenarios. NuScale’s business model includes long-term opportunities in reactor licensing, plant deployment support, intellectual property licensing, and service agreements tied to future reactor installations.

The company operates primarily in the United States but has pursued commercial and governmental engagements internationally. NuScale has collaborated with the U.S. Department of Energy on reactor development and demonstration efforts and has worked with utilities, engineering firms, and energy developers globally. Key partnerships and commercial relationships have included work with Fluor Corporation, which has historically maintained a majority ownership interest, as well as agreements involving energy infrastructure developers and potential utility customers. NuScale also controls simulation and digital operational technologies used for reactor training and plant operation support.

Strategic Position & Investments

NuScale’s strategic direction centers on commercial deployment of SMR technology as part of the transition toward low-carbon baseload electricity generation. The company has focused on obtaining regulatory approvals, advancing standard plant designs, and positioning its technology for deployment across utility-scale, industrial, and emerging energy-intensive applications. Strategic growth initiatives include expanding deployment opportunities for data centers, hydrogen production, process heat applications, and energy systems supporting artificial intelligence infrastructure and grid resiliency.

The company has invested significantly in reactor certification, engineering validation, and supply chain development. NuScale’s VOYGR plant design platform represents its flagship commercial configuration, designed to allow customers to scale generating capacity through multiple reactor modules. The company has also pursued international memoranda of understanding and feasibility agreements in regions exploring nuclear diversification and energy independence. While NuScale has announced various prospective projects and international engagements, several commercial deployment timelines and project structures remain dependent on financing conditions, regulatory approvals, and customer commitments. Certain previously proposed deployment projects were modified or canceled due to cost escalation and subscription challenges, according to public disclosures.

Geographic Footprint

NuScale is headquartered in Portland, Oregon, and maintains operations primarily within the United States. Its principal regulatory and commercialization activities are centered around the U.S. nuclear industry ecosystem, including collaboration with federal agencies, engineering contractors, and domestic utility stakeholders. The company’s reactor technology development has been strongly influenced by U.S. nuclear regulatory frameworks and Department of Energy support programs.

Internationally, NuScale has pursued strategic engagement opportunities across Europe, Eastern Europe, Asia, the Middle East, and other regions seeking alternative clean energy infrastructure solutions. The company has participated in feasibility studies, governmental cooperation discussions, and commercial evaluations involving countries interested in SMR deployment for energy security, emissions reduction, and industrial electrification. Although many international activities remain developmental rather than operational, NuScale maintains a growing global commercial presence through strategic agreements and policy engagement initiatives.

Leadership & Governance

NuScale’s leadership team combines experience in nuclear engineering, energy infrastructure, regulation, and public company management. The company’s governance structure includes executives with backgrounds in nuclear operations, utility management, technology commercialization, and large-scale engineering services. Leadership strategy has consistently emphasized regulatory credibility, commercialization readiness, strategic partnerships, and long-term participation in global clean energy markets.

Key executives include:

• John Hopkins – President and Chief Executive Officer
• Carl Fisher – Chief Operating Officer
• Ramsey Hamady – Chief Financial Officer
• José N. Reyes Jr. – Co-Founder and Chief Technology Officer
• Clay Sell – Chairman of the Board
• Diane Hughes – Vice President of Human Resources
• Christine King – Independent Director
• John “Jay” Surina – Vice President of Regulatory Affairs

The company’s leadership philosophy has emphasized commercialization of advanced nuclear technology through regulatory discipline, scalable deployment models, and partnerships with governments, utilities, and industrial customers. Public disclosures and executive statements consistently frame NuScale’s long-term strategy around energy transition demand, grid reliability, and the expansion of carbon-free baseload power generation.