NuScale Power Corp Dossier
Qualitative Analysis
Business overview
NuScale Power Corporation (NYSE: SMR) is a pioneering developer of small modular nuclear reactors (SMRs). Established in 2007 as a spinout from Oregon State University and headquartered in Portland, Oregon, the company is dedicated to delivering zero-carbon baseload power through its proprietary NuScale Power Module (NPM) technology. NuScale holds a unique competitive advantage as the only SMR developer to have received standard design approval from the U.S. Nuclear Regulatory Commission (NRC). Its scalable VOYGR power plant designs are engineered to supply reliable, carbon-free electricity to utilities, industrial customers, and energy-intensive AI data centers.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Opened a new operations center at CityCentre in Houston, Texas, to enhance project execution, cross-functional coordination, and customer support in close proximity to key industrial and energy sectors.
Expected impact: Shortens decision cycles, deepens customer relationships, and positions NuScale to capture rising energy demand from petrochemical plants, data centers, and grid applications.
Collaborating with Oak Ridge National Laboratory (ORNL) to utilize an artificial intelligence-enabled nuclear design framework to optimize fuel management across a 12-NuScale Power Module configuration.
Expected impact: Aims to identify strategies for sharing fuel across modules to improve overall plant fuel efficiency and reduce operating costs.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Combines NuScale's SMR technology with Ebara Elliott's turbomachinery expertise to develop a commercial-scale high-temperature steam compressor for petrochemical applications.
Terms: Not disclosed
Expanded longstanding partnership to include Framatome's European facilities for localized fuel fabrication and issued notice to qualify the Richland, WA facility to manufacture NuFUEL-HTP2 fuel assemblies.
Terms: Includes direction to produce at least 444 fuel assemblies for NuScale's first U.S. customer with deliveries starting as early as 2030.