Nuscale Power Doubled over 4 Years and Up 10X From 2024 Lows

Science and Technology Science and Technology

Wed, January 29, 2025

[ Wed, Jan 29th ] - MSN

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[ Wed, Jan 29th ] - Reuters

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Nuscale Power Doubled over 4 Years and Up 10X From 2024 Lows

^{Published on 2025-01-29 16:22:25 - NextBigFuture}

NuScale and Standard Power are developing two new nuclear reactors facilities in Ohio and Pennsylvania powered by its SMR technology. The plan is to build 24

NuScale Power, a company focused on small modular reactors (SMRs), has experienced significant financial growth, doubling its stock value over the past four years and increasing tenfold from its lows in 2024. This surge in stock price reflects growing investor confidence in NuScale's technology and its potential to revolutionize the nuclear energy sector. The company has made strides in regulatory approval, with its design certified by the U.S. Nuclear Regulatory Commission, positioning it as a leader in the SMR market. NuScale's reactors are designed to be scalable, safer, and more cost-effective than traditional nuclear plants, aiming to provide clean, reliable energy. The company's progress includes partnerships and contracts for deploying its technology, which further validates its business model and technological promise. However, the article also notes that while the stock has seen substantial growth, the path to widespread commercial deployment still faces challenges including regulatory hurdles, competition, and the need for substantial capital investment.

Read the Full NextBigFuture Article at:
[ https://www.nextbigfuture.com/2025/01/nuscale-power-doubled-over-4-years-and-up-10x-from-2024-lows.html ]

Contributing Sources

NextBigFuture

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Nuscale Power Doubled over 4 Years and Up 10X From 2024 Lows