NuScale Power Corporation SMR

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.