Nuclear regulatory approval drives NuScale customer interest, but no deals yet

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NuScale Power, a small modular reactor company, is aiming to secure contracts with two or three major customers by the end of 2025, as stated by CEO John Hopkins during the company's Q2 2025 earnings update. The company has seen a significant increase in expenses due to its transition from a research and development-focused entity to a commercial operation. Following the Nuclear Regulatory Commission's approval of NuScale's 77-MW power module, interest from prospective customers has surged, although no deals have been finalized yet.

NuScale's recent NRC approval distinguishes it as the only company with two approvals for small modular reactors, enhancing its position in the advanced nuclear technology sector. The approval is expected to accelerate regulatory timelines for new reactor deployments and support domestic nuclear supply chains. While NuScale is engaged in discussions with various potential customers, including large technology firms and utilities, it remains committed to its exclusive partnership with Entra1 for the commercialization of its reactors, emphasizing operational flexibility for end users.