This Historic 6-Gigawatt SMR Program Could Be a Game Changer for NuScale Stock
The landmark deal between NuScale, ENTRA1, and TVA could be NuScale's first big deal, but read the fine print.
Overview
For over three years, NuScale Power (NYSE: SMR) has enjoyed the first-mover advantage of having a small modular reactor (SMR) with Nuclear Regulatory Commission (NRC) certification.
What's been missing from NuScale's story, however, is a customer committed to deploying commercial reactors. For NuScale investors, the good news is that this gaping hole in NuScale's business could soon be closing.
Details
Last year, the Tennessee Valley Authority (TVA), America's largest public utility, and ENTRA1 Energy, NuScale's commercial partner, announced plans to deploy up to 6 gigawatts (GW) of NuScale's SMR technology. The deployment program calls for building six large-scale "Entra1 Energy Plants" across TVA's seven-state service area, with each plant served by 12 NuScale Power Modules, for a total of 72 modules.
Source
Originally published at www.fool.com.