Regulators Cleared a Small Modular Reactor for Construction. It Isn't a NuScale Design.
Being first to an approved design hasn't made the reactor developer first to a construction site.
Overview
NuScale Power (NYSE:SMR) says it holds the only design certification the Nuclear Regulatory Commission has given a small modular reactor. Its newer US460 design, based on bigger 77-megawatt modules, also earned the agency's standard design approval in May 2025.
But the first commercial small modular reactor the NRC has approved for construction isn't a NuScale design. On Sept. 29, the regulator granted a permit for the Tennessee Valley Authority to build a 300-megawatt BWRX-300 reactor from GE Vernova (NYSE:GEV) on TVA's Clinch River site in Tennessee.
Details
NuScale shares trade near $8 as I write, down about 86% from the $57.42 they hit a year ago. And the permit came under three weeks after UBS cut the growth stock to sell, arguing rivals were moving into construction but NuScale had no firm customer commitments.
Source
Originally published at www.fool.com.