RoPower Project & Commercialization - NuScale is progressing with the RoPower project in Doicești, Romania, with ongoing site preparations after the physical decommissioning of the coal plant[9] - Phase 2 of the Front-End Engineering Design (FEED) study is underway, scheduled for completion in Q4 2025, with a potential extension into Q1 2026, aiming for a final investment decision by late Q1 or early Q2 2026[9] - NuScale anticipates Standard Design Approval (SDA) to increase power output per module from 50 MWe to 77 MWe by July 2025[12] - The company expects to have a firm customer order by the end of 2025 and has invested in long-lead materials to manufacture twelve modules[12, 18] - NuScale is positioning for commercial deployment of its first NuScale Power Module™ in 2030[12] Supply Chain & Customer Interest - NuScale is actively engaging with suppliers, including pre-bid meetings with Doosan on an Upper Reactor Pressure Vessel (URPV) fabrication proposal and issuing a Preliminary Scheduled Delivery Date (PSDD) notification to Framatome for the initial core[17] - The company executed the Neutron Monitoring System (NMS) supply agreement with Paragon[17] - NuScale is in advanced dialogue with government officials and industries, including data centers, utilities, and coal plant operators transitioning to nuclear, in the U S and globally[20] - NuScale's technology can support commercial-scale industrial applications requiring over 200 metric tons of hydrogen per day and produce ~150 million gallons of clean water per day through reverse osmosis with one NuScale Power Module™[24] Financials - NuScale's revenue for Q1 2025 was $13.4 million[25] - The company's liquidity as of March 31, 2025, was $491.4 million[25] - Operating expenses have remained relatively flat since the beginning of 2024, with Q1 2025 operating expenses at $42.3 million[27]

Core Viewpoint - NuScale Power is positioned as a leading small modular reactor (SMR) technology provider, with a focus on commercialization and strategic partnerships to meet the growing demand for clean energy solutions [1][3][4]. Financial Performance - In the fourth quarter of 2024, NuScale Power reported revenues of $34.2 million and a net loss of $180.3 million [1]. - Year-to-date, SMR shares have decreased by 7.4%, which is better than the declines of 9.1% in the Zacks Computer & Technology sector and 9.5% in the Zacks Electric Power Generation industry [1]. Strategic Initiatives - The company is benefiting from strong demand for clean energy, particularly for AI-supported data centers, which is expected to drive its first-quarter performance [3]. - NuScale Power's collaboration with ENTRA1 Energy is focused on a commercial model that addresses scalability, availability, and reliability, which is crucial for SMR deployments [4]. - A supply chain has been established, including a partnership with Doosan Enerbility, to ensure manufacturing readiness for the first six NRC-approved SMR modules [5]. Manufacturing and Production - NuScale, along with Doosan and ENTRA1, has begun securing long-lead materials for six additional modules to support customer interest in 12-module configurations, which is expected to reduce lead times and meet growing demand [6]. - The transition from a research and development-focused organization to one pursuing commercialization is anticipated to have lowered operating expenses in the upcoming quarter [7].