NuScale Power

NuScale says 2026 is focused on ensuring readiness for first-module manufacturing. It also expands its fuel-supply partnership with Framatome to support future U.S. and European deployments.

Shareholders of Romanian state nuclear operator Nuclearelectrica approve the Final Investment Decision for the Doicești SMR project, clearing the way for the pre-EPC phase of a six-module 462 MWe NuScale plant at the former coal-plant site.

On March 19, 2026 NuScale and Ebara Elliott Energy announce a strategic collaboration to demonstrate a high-temperature steam compressor pairing NuScale's NRC-approved SMR with adiabatic compression, targeting petrochemical process heat above 500 °C. The compressor demonstration is targeted for completion by 2027.

On May 29, 2026 NuScale's annual meeting of stockholders elects Dr. Dale E. Klein and Stuart A. Harshaw to its Board of Directors, expanding the board to nine directors with eight independent. Klein chaired the U.S. Nuclear Regulatory Commission from 2006 to 2009 and is a UT Austin professor emeritus with four decades of nuclear-industry experience; Harshaw is president and CEO of Nickel Creek Platinum Corp. and a former senior Vale Canada executive who has run nickel, copper and refining operations.

NuScale files a Form S-1 registration statement with the SEC on June 8, 2026 that would enable additional share sales, reviving investor concern about dilution and sending SMR lower; in the same stretch Citi reiterated a Sell rating and cut its price target on the stock to $7. The selloff underscores that NuScale remains pre-revenue and dependent on its roughly $1B-plus cash position to fund operations until the ENTRA1-led TVA program and other projects convert into binding contracts.

On June 10, 2026 the University of Virginia's College at Wise debuts a NuScale Energy Exploration (E2) Center — NuScale's 12th globally and its second in Virginia. Funded by a grant from the Virginia Clean Energy Innovation Bank (powered by the Virginia Department of Energy), the center provides an immersive simulation and training environment that mirrors the operation of an SMR plant built around NuScale Power Modules, part of NuScale's effort to build the SMR workforce pipeline.

Announced June 16, 2026, NuScale awards Mirion's Paragon Energy Solutions a contract to complete final design work on three instrumentation-and-control systems for the NuScale Power Module — the safety-related Module Protection System, the Safety Data Interface System for post-accident monitoring, and the Plant Protection System — all built on Paragon's Highly Integrated Protection System platform. The scope includes independent verification and validation of the Module Protection System software, advancing qualification of safety-critical controls as NuScale already has components for 12 power modules in production.

NRC approves the final uprate rule, certifying the uprated 77 MWe power module — bringing total VOYGR-6 plant output to 462 MWe, up from the original 300 MWe (6 × 50 MWe) design.

Signs agreements for SMR deployments in Romania, South Korea, and other international markets.

Carbon Free Power Project in Idaho cancelled due to rising costs, refocusing commercial strategy.

NuScale lists on the NYSE under ticker SMR through a merger with Spring Valley.

Receives Standard Design Approval from the NRC — a first for any SMR in the United States.

NuScale submits the first-ever SMR Design Certification Application to the NRC.

Fluor Corporation becomes a major investor and strategic partner.

NuScale Power spins out of Oregon State University research led by Dr. José Reyes.