NuScale Power Launches AI Tools to Enhance Nuclear Engineering and Knowledge Management
NuScale Power Corporation (SMR) has announced the deployment of nuclear-specific artificial intelligence tools aimed at improving its engineering processes and knowledge management. The initiative combines NuScale's expertise with external platforms like AtomAssist, aiming to reduce information retrieval time by up to 80% in early tests. Despite being the only small modular reactor (SMR) company certified by the U.S. Nuclear Regulatory Commission, NuScale has not yet achieved significant commercial scale and reported declining revenue in its last quarter. The firm is currently focused on transitioning from R&D toward deployment as demand for carbon-free energy grows. NuScale's stock remains under pressure due to a lack of near-term income following the completion of key engineering work on the Romanian RoPower project, with a 72% decline over the past year and a stretched forward price-to-sales ratio. However, potential partnerships like ENTRA1 Energy’s agreement with TVA could provide future growth opportunities.
Tickers: $SMR
Topics: artificial intelligence engineering efficiency NuScale Power small modular reactors (SMR)