Green Energy
NuScale Signs Deal worth up to 6 GW of Capacity with ENTRA1
NuScale has operated for nearly two decades as the company was founded in 2007. That’s key as the company is ahead of competitors as the only small modular reactor (SMR) technology to receive two approvals from the Nuclear Regulatory Commission (NRC). The company also has an established manufacturing supply chain and has invested $2 billion over the years for plant licensing and operations. In other words, NuScale has a significant head start. We’ve covered the company in the past in the analysis, “NuScale Power: Recent NRC Approval Paves Path to Commercialization” at the time stating the company had a path to doubling its modules in production to 12. In the earnings call, management discussed Doosan, their supply chain partner, having the capability to produce 20 modules. However, an important caveat is that it could take until 2030 until the modules are in the ground: “Anybody says they can get to 2030 COD without these long lead items, I don't see it as a possibility. We're still focused on getting modules in the ground by 2030 time frame.” The reference to COD means “commercial operation date.”
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