NuScale Power Near Finalizing a Deal That Could Transform the Small Modular Reactor Industry
NuScale Power is nearing finalization of a significant deal with the Tennessee Valley Authority (TVA) that could transform the small modular reactor (SMR) industry. The agreement, signed in September 2025 through NuScale's strategic partner ENTRA1 Energy, aims to develop nuclear plants capable of generating up to 6 gigawatts—enough energy for about 4.5 million homes or 60 data centers. Despite the potential scale and significance of this project, no binding power purchase agreement has been signed yet, meaning NuScale is not currently receiving revenue from it. The company's CEO expressed optimism during a recent earnings call but acknowledged that finalizing the deal remains conditional on further approvals and agreements. Investors remain cautious as NuScale’s stock price has dropped by about 75% over the past year. NuScale reported $75,000 in revenue for Q2 compared to $8.05 million a year earlier but still holds around $1.9 billion in cash. The company needs commercial success soon to justify its market cap and investor confidence.
Tickers: $SMR
Topics: Nuclear Energy NuScale Power SMRs (Small Modular Reactors) Tennessee Valley Authority