NuScale Power (NYSE:SMR) is a U.S.-based company specializing in the development and commercialization of small modular reactor (SMR) technology for clean, reliable nuclear power generation. The company’s flagship offering, the NuScale VOYGR™ SMR, features a factory-built, scalable reactor module that can be tailored to meet the demanding baseload and renewable-integrated power needs of utilities and industry. By leveraging advanced passive-safety systems, NuScale aims to deliver zero-carbon electricity with enhanced operational flexibility and cost predictability.
Founded in 2007 by researchers from Oregon State University, NuScale Power has evolved from an academic workshop into a publicly traded enterprise headquartered in Portland, Oregon. Over the years, the company has secured key regulatory milestones, including design certification from the U.S. Nuclear Regulatory Commission. In October 2022, John Hopkins, a veteran of the energy sector, was appointed chief executive officer, steering the organization through commercialization and strategic partnerships.
NuScale’s core business activities encompass SMR design, licensing support, component manufacturing oversight, and project management for multi-module power plants. Its technology has been selected for the U.S. Department of Energy’s Carbon Free Power Project at the Idaho National Laboratory, marking the first-of-a-kind deployment of SMR technology in North America. Through engineering services and supply-chain coordination, the firm supports customers from initial feasibility studies through long-term operation.
While maintaining a primary focus on U.S. markets, NuScale is actively pursuing international collaborations across Europe and Asia. The company has signed memoranda of understanding and supply agreements in countries such as Romania, Poland and Canada, where governments are exploring SMR solutions to meet climate and energy security goals. Under the leadership of its seasoned management team and board of directors, NuScale Power continues to position its modular nuclear technology as a scalable pathway toward global decarbonization.
