Core Insights - NuScale Power aims to disrupt the nuclear energy industry with its small modular reactors (SMRs), which can be deployed in groups for a total output of up to 924 megawatts [1] - The company’s SMRs are designed for factory assembly and easier deployment, potentially reducing time and costs compared to traditional nuclear power plants [2] - NuScale holds a first-mover advantage as the only company with an SMR design certified by the Nuclear Regulatory Commission [3] Market Position - Despite its first-mover advantage, NuScale has yet to operate a reactor commercially, with ongoing projects in Romania and Tennessee but no commercial revenue [4] - The current market capitalization of NuScale is $4.9 billion, which is significant given its minimal revenue [5][7] - The company’s stock price has seen a decline of 7.61%, currently priced at $17.48, with a 52-week range of $11.08 to $57.42 [5][6] Industry Context - There is strong policy support from the U.S. government aiming to quadruple nuclear capacity, which could benefit NuScale [6] - The demand for electricity is expected to surge, particularly from data centers, creating a need for innovative energy solutions like NuScale's SMRs [6][7] - Execution risks remain, but the urgency for power generation may provide NuScale with multiple opportunities to validate its technology [7]