NuScale Power's Small Modular Reactor Design Gets NRC Approval
NuScale Power, a pioneering nuclear start-up, has secured a significant advantage with U.S. Nuclear Regulatory Commission (NRC) approval for its small modular reactor (SMR) design. This milestone comes as nuclear power is seeing a resurgence due to its clean energy output and reliability.
NuScale, despite being a money-losing company, has developed an innovative and promising SMR technology. The company's success hinges on securing customers and overcoming industry uncertainties.
In a notable development, NuScale is collaborating with Romanian utility RoPower to potentially construct a nuclear power plant using its SMRs. A final decision is anticipated in 2026. NuScale expects its first SMR reactor sales to occur with the Tennessee Valley Authority (TVA) in the same year. Preparations are underway, with NuScale having already procured parts for 12 SMRs. The company's SMRs can be manufactured in a factory and then transported to their destination, offering flexibility in deployment.
NuScale Power's NRC approval for its SMR design marks a significant step forward for the company and the nuclear industry. With a potential deal on the horizon with RoPower and preparations for further sales, NuScale is positioning itself to lead the SMR market. The company's success will depend on navigating industry uncertainties and securing more customers.