NuScale Power Corporation Class A Common Stock (SMR)

Competitors to NuScale Power Corporation Class A Common Stock (SMR)

GE Hitachi Nuclear Energy

GE Hitachi Nuclear Energy, a joint venture between GE and Hitachi, offers advanced reactor technologies, including economic and efficient designs aimed at rebranding nuclear as a safe energy source. GEH competes with NuScale by leveraging its extensive history in nuclear technology, manufacturing capabilities, and global reach. However, their approach slightly leans more toward traditional large-scale reactors, and while they do are exploring SMR options, NuScale's pioneering work in small modular technology provides NuScale with a niche advantage in markets specifically seeking modular solutions. Therefore, while GEH has expansive infrastructure, NuScale may have a competitive edge through innovation.

Rolls-Royce SMR

Rolls-Royce has a strong presence in the nuclear power sector with its own small modular reactor (SMR) design, positioning itself as a prominent player alongside NuScale. The company's engineering and manufacturing expertise allow it to potentially execute projects on a larger scale, utilizing existing infrastructure and experience in aerospace and defense. While both companies target low-carbon energy solutions, Rolls-Royce's established reputation in the nuclear field and significant financial resources could provide them a competitive advantage in project funding and execution timelines, putting them ahead in securing contracts.

TerraPower

TerraPower is a nuclear innovation company that develops advanced reactors, with a focus on their Natrium reactor design, which integrates energy storage. Like NuScale, TerraPower aims to provide safer and more efficient nuclear energy solutions. They share similar target markets and customer bases, focusing on corporate and governmental clients interested in carbon-free energy sources. Furthermore, both companies are aiming to overcome regulatory hurdles and secure funding to bring their technologies to market. However, TerraPower benefits from strong backing by Bill Gates and partnerships with large companies, which gives them a financial edge.

X-energy

X-energy is a company that develops small modular reactors (SMRs) similar to NuScale's technology. Their flagship design, the Xe-100, is designed for high-temperature gas and has applications in various sectors, including industrial processes and hydrogen production. Both companies seek markets for their modular reactors in regions aiming to reduce carbon emissions and transition from fossil fuels. However, X-energy's reactor is positioned slightly differently as it targets modularity and efficiency in high-temperature applications, which offers a unique value proposition. While NuScale's technology might currently be more advance in licensing, X-energy’s focus on thermal efficiency gives them a specialized edge.