NuScale

Earnings fell at NuScale Power, Corvallis, Ore., in the first quarter, which the small modular reactor developer attributed to completing work and agreements last year related to the RoPower project in Romania. Revenue for the first quarter, ended March 31, was $600,000, down from $13.4 million in the first quarter in 2025. NuScale had a […]

Earnings fell at NuScale Power, Corvallis, Ore., in the first quarter, which the small modular reactor developer attributed to completing work and agreements last year related to the RoPower project in Romania. Revenue for the first quarter, ended March 31, was $600,000, down from $13.4 million in the first quarter in 2025. NuScale had a […]

Oklo, NVIDIA and the Department of Energy’s Los Alamos National Laboratory (LANL) have entered into agreement on Thursday to explore artificial intelligence (AI)-enabled research and nuclear research and development at LANL. According to Oklo’s press release, the collaboration will use Oklo’s sodium fast-reactor design, NVIDIA AI infrastructure and LANL’s technical expertise in materials science and […]

Earnings fell at NuScale Power Corvallis, Ore., in the fourth quarter, which the small modular reactor (SMR) developer attributed to a reduction in revenue recognized from the RoPower technology license agreement made in 2024. Revenue for the fourth quarter ended on Dec. 31 were $31.5 million, down from $37 million in the year-ago quarter. General […]

Earnings fell at NuScale Power Corvallis, Ore., in the fourth quarter, which the small modular reactor (SMR) developer attributed to a reduction in revenue recognized from the RoPower technology license agreement made in 2024. Revenue for the fourth quarter ended on Dec. 31 were $31.5 million, down from $37 million in the year-ago quarter. General […]

The Department of Energy has approved the preliminary documented safety analysis for Hawthorne, Calif.-based nuclear company Valar Atomics’s demonstration reactor Thursday. The announcement of the completed safety analysis was made by DOE Idaho Operations Manager Robert Boston in a Friday LinkedIn post. Valar becomes the third demonstration reactor under DOE’s pilot reactor program to get […]

Virginia Clean Energy Innovation Bank has been awarded $275,000 to install a nuclear control room simulator at the University of Virginia’s College at Wise (UVA Wise) in Wise, Va. According to Virginia Gov. Glenn Youngkin’s (R) Dec. 18 press release, the installed nuclear control room simulation will be from NuScale’s Energy Exploration Centers. UVA Wise […]

The Department of Energy has revealed its first selections for its Gateway for Accelerated Innovation in Nuclear’s (GAIN)nuclear energy voucher program. According to DOE GAIN’s Dec. 18 press release, the first round of recipients for fiscal 2026 are: BWX Technologies Advanced Technologies, based in Lynchburg, Va.  NuScale Power, in Corvallis, Ore. Orbia Fluor and Energy […]

President Donald Trump’s four Tennessee Valley Authority board of director nominees testified this week before the Senate Committee on Environment and Public Works. Nominees Arthur Graham, Mitch Graves, Jeff Hagood and Randall Jones, all nominated in July, told the Senate committee that nuclear power, in particular small modular reactors (SMRs), will play a big role […]

NuScale Power, the Oregon-based developer of small modular reactor technology, has selected James Canafax as its chief legal officer and corporate secretary, the company said Monday. Canafax was most recently general counsel and chief compliance officer at Maritime Partners, NuScale said in a press release. Canafax is also a former senior vice president and general […]

Fluor completed the sale of 15 million shares of its Class A common stock of NuScale Power on Oct. 9 which resulted in net proceeds of $605 million. The completed sale of the stock was converted in August and reflects a gain of over 300% since NuScale, the small modular reactor company, went public in […]

Fluor completed the sale of 15 million shares of its Class A common stock of NuScale Power on Oct. 9 which resulted in net proceeds of $605 million. The completed sale of the stock was converted in August and reflects a gain of over 300% since NuScale, the small modular reactor company, went public in […]

The Tennessee Valley Authority and ENTRA 1 Energy have entered into an agreement to deploy new nuclear generation in the southeast. Under the agreement, ENTRA1 will develop up to 6 gigawatts or 6,000 megawatts of new nuclear energy to TVA’s seven-state region by deploying six ENTRA1 Energy plants, according to TVA’s Tuesday press release. ENTRA1 […]

The Tennessee Valley Authority and ENTRA 1 Energy have entered into an agreement to deploy new nuclear generation in the southeast. Under the agreement, ENTRA1 will deploy up to 6 gigawatts or 6,000 megawatts of new nuclear energy to TVA’s seven-state region by deploying six ENTRA1 Energy plants, according to TVA’s Tuesday press release. ENTRA1 […]

Earnings rose at NuScale Power, Corvallis, Ore. in the second quarter, which the small modular reactor developer attributed to engineering and licenses and additional services to support RoPower’s efforts to deploy a NuScale power module in Romania. Revenue for the second quarter ended on June 30 were $8.1 million, up from $1 million in the […]

Orano USA has announced this week  the opening of its Project IKE office building in Oak Ridge, Tenn. The new office will employ 40 people and will be located nearly 10 miles away from the Project IKE site. The office employees will be additional to the 300-workforce expected to be at Orano’s uranium enrichment facility, […]

NuScale has announced the opening of its newest Energy Exploration Center at George Mason University in Virginia.  The nuclear company partnered up with George Mason’s College of Engineering and Computing to open its largest Energy Exploration center in the United States, according to NuScale’s Wednesday press release. The NuScale center is designed to engage students […]

Oklo announced this week it has entered into a memorandum of understanding with Korea Hydro and Nuclear Power to collaborate for future advanced nuclear projects.  Under the MOU, the two companies plan to explore opportunities to jointly progress the standard design development and verification of Oklo’s planned Aurora Powerhouse, according to Oklo’s Tuesday press release. […]

President Donald Trump is reportedly expected to sign executive orders on Friday meant to speed nuclear power reactor licensing through expedited regulatory reviews and other changes. According to a Thursday report by Reuters, Trump could sign the executive orders “as soon as” Friday. Reuters also reported Secretary of Energy Chris Wright said Trump will sign […]

Earnings rose at NuScale Power, Corvallis, Ore., in the first quarter, which the small modular reactor developer attributed in part to a technical license agreement for the RoPower Dolcești power plant. Revenue for the first quarter ended at  $13.4 million up from $1.4 million in the first quarter in 2024. NuScale had a net loss […]

Earnings rose at NuScale Power, Corvallis, Ore., in the first quarter, which the small modular reactor developer attributed in part to a technical license agreement for the RoPower Dolcești power plant. Revenue for the first quarter ended at  $13.4 million up from $1.4 million in the first quarter in 2024. NuScale had a net loss […]

Earnings fell at Fluor, Irving, Texas, in the first quarter, which the engineering and construction company that serves the Department of Energy and other federal clients attributed mostly to its non-government work. Net earnings for the first quarter ended March 31 reflected a loss of $241 million, or $1.42 a share, down from earnings of […]

Six small modular reactors that NuScale, Portland, Ore., planned to use in a canceled generation project in the southwestern U.S. could be diverted to another customer, the company’s CEO said Tuesday. “I want to be able to take those modules and move them over to our next customer,” John Hopkins, president and CEO of NuScale, […]

Six small modular reactors that NuScale, Portland, Ore., planned to use in a canceled generation project in the southwestern U.S. could be diverted to another customer, the company’s CEO said Tuesday.  “I want to be able to take those modules and move them over to our next customer,” John Hopkins, president and CEO of NuScale, […]

Publicly traded stock of advanced nuclear reactor developer NuScale, which is majority-owned by Fluor Corp., hit an all-time low this week. The company’s stock, which trades on the New York Stock Exchange, plunged to $6.42 a share on Tuesday, down by about 40% compared with the Oregon-based company’s first day of trading on May 2 […]

By John Stang NuScale Power Corp. hopes to add three new clients 2023 to the two that it already has. The small modular reactor developer pinned down its second client in 2022, RoPower Nuclear S.A, which will build six reactors at a decommissioned coal-fired power plant site in Romania. “2022 was a year of increased […]

Fluor executives said Friday they are pleased with progress being made on both the business and the regulatory front by small modular reactor developer NuScale, in which Texas-based Fluor remains a majority stakeholder. In September NuScale signed a deal to start development of the first small modular reactor (SMR) in Poland and next year will […]

NuScale Power Corp. is still losing money, but at a slightly lesser pace than last year, according to its latest filings with the U.S. Securities and Exchange Commission. NuScale leaders’ discussed the latest financial figures with analysts at a Wednesday teleconference. NuScale went public on May 2. For the quarter ending June 30, 2022, NuScale  […]

Nuclear services company NuScale’s advanced reactor design should soon be certified by the Nuclear Regulatory Commission to be built in the United States, the agency said in a press release last week. The commission directed its staff to draw up a final rule approving NuScale’s small modular reactor (SMR) design, first proposed in 2016, according […]

Nuclear services company NuScale’s advanced reactor design should soon be certified by the Nuclear Regulatory Commission to be built in the United States, the agency said in a press release last week. The commission directed its staff to draw up a final rule approving NuScale’s small modular reactor (SMR) design, first proposed in 2016, according […]