NuScale Power
Develops small modular reactors (SMRs) for scalable carbon-free power.
Updated April 2026
Overview
- Website
- nuscalepower.com
- Founded
- 2007
- Headquarters
- Portland, OR
- Segment
- Power Generation
Product overview
NuScale Power designs and commercializes the NuScale Power Module, a 77 MWe pressurized water SMR—the first and only with U.S. NRC design approval for up to 12-module plants generating 924 MWe—targeting utilities, industrials, and data centers needing reliable baseload power. Partners like ENTRA1 Energy develop and operate plants for hyperscalers (e.g., Standard Power's 2 GW data centers in OH/PA) and TVA's 6 GW program, enabling co-located deployment for AI infrastructure without grid constraints. Its distinctions include factory fabrication for 36-month builds, passive safety for site-boundary EPZ, >95% capacity factor, and off-grid/island mode operation.
Revenue model
Pre-commercial: licensing fees, engineering/FEED services (e.g., $63M from RoPower 2024-25); future: sells NPMs/modules to partners like ENTRA1 for plant deployment under PPAs (target LCOE $89/MWh or ~$20k/kW capex in past estimates), plus milestone contributions and royalties.
Moat
NuScale Power's key competitive moat is its proprietary small modular reactor (SMR) technology, specifically the NuScale Power Module, which is the first and only SMR design certified by the U.S. Nuclear Regulatory Commission (NRC), creating a significant regulatory barrier to entry for competitors. This certification, combined with the technology's scalable architecture for flexible configurations up to 924 MWe and applications like high-temperature steam for industrial use, provides a defensible technological and first-mover advantage in the advanced nuclear market.