Overview
- NuScale has the only NRC-certified small modular reactor and is pitching factory-built modules for data centers, mining, and chipmaking.
- The company agreed to supply its power modules to ENTRA1 plants, with its technology selected for ENTRA1’s program tied to the Tennessee Valley Authority.
- CEO John Hopkins described the ENTRA1 deal as a “historic agreement” and the largest SMR deployment program in the United States.
- The structure is designed to spare utilities from taking on nuclear construction debt but shifts financing pressure to ENTRA1 and NuScale, which could dilute shareholders.
- BNP Paribas projects NuScale could pay about $6 billion over 15 years under the agreement, while the stock recently traded near $21 after highs around $57 last year.