NuScale's Potential TVA Deal Could Be 6 to 8 Gigawatts. Here's Why the CEO Calls It the Largest Nuclear Build-Out in U.S. History.
The opportunity could redefine nuclear power.
Overview
NuScale Power (NYSE: SMR) has spent years talking about the future of small modular reactors. Now, management believes that the future could arrive in a very big way.
During its second-quarter earnings call, CEO John Hopkins said NuScale's strategic partner, ENTRA1 Energy, continues advancing discussions with the Tennessee Valley Authority (TVA) toward what could become the largest nuclear power deployment program in U.S. history. The proposed project could eventually range from 6 to 8 gigawatts of generating capacity, which would be much larger than any previous small nuclear reactor (SMR) deployment envisioned in the United States.
Details
To put that into perspective, the largest traditional nuclear power plant in the U.S. has four operational reactors and a total generating capacity of 4.65 to 4.8 gigawatts. In other words, this SMR deployment could be massive.
Source
Originally published at www.fool.com.