NuScale Power Corporation Class A Common Stock (SMR)
Frequently Asked Questions About NuScale Power Corporation Class A Common Stock (SMR)
How does NuScale engage with the local communities?
NuScale Power actively engages with local communities to address their energy needs and concerns. The company prioritizes transparency and communication, ensuring that stakeholders understand the benefits and safety features of nuclear energy, and works to create partnerships that contribute positively to local economies.
How does NuScale Power ensure safety in its reactors?
Safety is a paramount consideration for NuScale Power in the design of its reactors. Their small modular reactor design incorporates numerous passive safety features, meaning that the reactor can safely shut down and cool down without the need for external power or active intervention, significantly reducing the risks associated with nuclear energy.
How is NuScale Power Corporation funded?
NuScale Power Corporation receives funding through a mix of private equity investments, government grants, and partnership agreements. The company's innovative technology has attracted substantial investment from both public and private sources, including commitments from the U.S. Department of Energy to support the development and deployment of SMR technology.
How many reactors does NuScale plan to deploy in its first plant?
NuScale's first plant is designed to accommodate up to six of its small modular reactors, which combined can generate up to 360 megawatts of electricity. This modular approach allows for flexible scaling, enabling the facility to grow its output based on demand and operational requirements.
Is NuScale's technology licensed by the NRC?
Yes, NuScale Power's technology is in the process of being licensed by the U.S. Nuclear Regulatory Commission (NRC). In 2020, NuScale's design received the NRC's Design Certification, marking a significant milestone in the regulatory process and paving the way for deployment of their small modular reactors in the United States.
What are the economic advantages of using NuScale's reactors?
NuScale's reactors provide significant economic advantages by offering a modular approach to nuclear power generation, which reduces upfront capital costs and financing risks. Their technology enables incremental capacity increases, allowing utilities to match their investments to demand growth and providing a lower-risk pathway to deploying clean energy.
What are the environmental benefits of NuScale's technology?
NuScale's small modular reactors offer significant environmental benefits by providing low-carbon electricity generation. The technology is designed to operate safely with minimal waste production, and its ability to generate energy consistently makes it a reliable alternative to fossil fuels, contributing to reduced greenhouse gas emissions and supporting global climate goals.
What are the future plans for NuScale Power Corporation?
NuScale Power Corporation plans to continue advancing its small modular reactor technology, with a focus on constructing its first commercial facility in the U.S. The company is also exploring potential international markets and partnerships to expand the deployment of its reactors globally, while furthering research and development to enhance nuclear energy safety and efficiency.
What challenges does NuScale face in the nuclear industry?
NuScale faces several challenges in the nuclear industry, including regulatory hurdles, public perception of nuclear safety, and competition from other energy sources. To overcome these challenges, the company focuses on demonstrating the safety and reliability of its technology while advocating for supportive policies that recognize the role of nuclear energy in achieving emissions targets.
What does NuScale Power Corporation do?
NuScale Power Corporation develops innovative small modular reactor (SMR) technology that aims to provide safe, reliable, and cost-effective nuclear energy solutions. Their flagship product, the NuScale Power Module, is designed to generate up to 60 megawatts of electricity per module and can be scaled to meet varying energy demands, making it a versatile solution for both utility and industrial applications.
What is a small modular reactor (SMR)?
A small modular reactor (SMR) is a type of nuclear reactor that is designed to be built in a factory and transported to a site for installation. Unlike traditional large-scale reactors, SMRs have a smaller output and can be constructed incrementally as demand for power increases, enhancing their economic viability and flexibility for integration into existing energy systems.
What is NuScale's approach to nuclear waste management?
NuScale Power is committed to responsible nuclear waste management as part of its operational philosophy. The company advocates for comprehensive waste management solutions and collaborates with regulatory and industry partners to ensure that nuclear waste is handled safely and sustainably throughout its lifecycle.
What is NuScale's business model?
NuScale's business model centers on licensing its small modular reactor technology to energy utilities and other stakeholders worldwide. By providing a scalable and flexible nuclear energy solution, NuScale aims to accommodate diverse energy needs while promoting the transition to low-carbon power sources.
What markets is NuScale targeting?
NuScale is targeting both domestic and international energy markets, focusing on regions that are moving towards cleaner energy solutions. Their SMRs are particularly appealing for areas with high energy demands, remote locations needing reliable power, and regions with commitments to reduce carbon emissions.
What role does NuScale play in the transition to renewable energy?
NuScale plays a crucial role in the transition to renewable energy by providing a stable and reliable low-carbon energy source that complements intermittent renewable technologies like wind and solar. As part of a balanced energy portfolio, NuScale's small modular reactors can help ensure grid stability and serve as a backup power source for renewable energy systems.
What stage is NuScale Power Corporation currently in regarding reactor deployment?
NuScale Power is actively advancing toward the construction and deployment of its small modular reactors. As of now, the company is focused on bringing its first plant, featuring multiple SMRs, to operation in the early 2030s, with ongoing efforts for regulatory approvals and securing financing.
When was NuScale Power Corporation founded?
NuScale Power Corporation was founded in 2007, born out of a vision to provide clean, reliable, and safe nuclear energy. Since its inception, the company has focused on developing its small modular reactor technology, which aims to address the growing demand for sustainable energy solutions.
Where is NuScale Power Corporation headquartered?
NuScale Power Corporation is headquartered in Portland, Oregon. The company operates within a dynamic environment that includes close collaboration with regulatory bodies, utilities, and research institutions, leveraging its strategic location in a region rich in energy innovation.
Who are NuScale's partners and collaborators?
NuScale Power collaborates with various entities including government agencies, private sector partners, and academic institutions. Key partnerships include agreements with major utility companies for the deployment of their reactors and partnerships with research organizations to advance nuclear safety and innovation.
What is the current price of NuScale Power Corporation Class A Common Stock?
The current price of NuScale Power Corporation Class A Common Stock is 14.14
When was NuScale Power Corporation Class A Common Stock last traded?
The last trade of NuScale Power Corporation Class A Common Stock was at 4:10 pm EDT on April 3rd, 2025