NuScale Power aims for operational reactors by 2030

NuScale Power is advancing in the development of small modular reactors (SMRs) and believes it is ahead of competitors. The company has shifted focus from research to commercialization, aiming to have its first reactors operational by the end of the decade. In 2024, NuScale reduced operating expenses by 40% and raised $200 million through warrant conversions. It currently has plans for six reactors and is preparing for orders for six more, pending customer agreements. Key developments to watch in 2025 include regulatory approvals for upgraded reactor plans and a final investment decision for a power plant in Romania. These steps are crucial for NuScale's move toward commercialization and establishing itself as a leader in the SMR market.