NuScale Power Corporation (SMR)
The only NRC-certified small modular reactor design in the US.
The AI Angle
NuScale holds a regulatory advantage that no other nuclear company in the US currently has: its 77-megawatt NuScale Power Module received NRC standard design approval in 2025 — making it the only US small modular reactor with federal certification. This head start matters enormously in a market where regulatory timelines can stretch a decade.
NuScale signed a memorandum of understanding with the Tennessee Valley Authority (TVA) for a potential multi-gigawatt SMR deployment — the largest SMR program in US history. Meta also signed deals with nuclear companies in early 2026 for 6+ gigawatts of power, signaling hyperscaler demand for nuclear baseload to power AI data centers.
Key Numbers
Sources: StockTitan (Mar 12, 2026), SimplyWallSt (Feb 7, 2026), Yahoo Finance
Upcoming Catalysts
- TVA partnership advancing toward binding contracts for US SMR fleet
- Meta and other hyperscaler nuclear power deals driving SMR demand
- NRC-approved design gives NuScale first-mover regulatory advantage
- Additional utility partnerships expected as nuclear demand signals strengthen
Key Risks
- Class action lawsuits filed in March 2026 over TVA milestone payment disclosures
- Pre-revenue: no operating reactors; commercial deployment years away
- Cash burn requires continued equity raises ($750M in ATM sales in 2025)
- Cost competitiveness vs. renewables and existing nuclear remains unproven at scale
⚠️ Not financial advice. This page is for informational purposes only. All figures are sourced from public earnings reports, company guidance, and financial news. Past performance is not indicative of future results. Always do your own research before making any investment decisions.
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