Overview
- NuScale is currently the only company with a Nuclear Regulatory Commission–certified small modular reactor design.
- Its factory-built reactors are designed for deployment in arrays of up to 12 modules delivering as much as 924 megawatts, a setup intended to shorten build times and lower costs.
- The company has not yet operated a reactor commercially and generates minimal revenue, with projects progressing in Romania and Tennessee.
- Potential customers include data centers, AI facilities, and industrial sites as electricity demand grows, supported by White House goals to expand nuclear capacity.
- Competition from Oklo and Nano Nuclear is intensifying, while NuScale’s roughly $6 billion market value and sub-$20 share price underscore execution and valuation risks.