Green Energy
NuScale Power: Recent NRC Approval Paves Path to Commercialization
NuScale is the only NRC-approved SMR module developer, holding a significant first-mover advantage in the space. The startup has one potential project underway in Romania with its majority stakeholder Fluor and RoPower, and a 1.85 GW agreement with Standard Power to power two future data centers in Pennsylvania and Ohio. NuScale remains confident in its growth prospects, doubling modules in production to 12 as it aims to secure a firm customer order in 2025. Unlike Oklo, NuScale is partnering with energy investment and development firm ENTRA1 to sell and deploy its modules, and rough estimates imply each GW scale plant could represent several billions in revenue. Despite this enormous opportunity, risks remain.
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