NuScale(US:SMR)2025-03-04 04:48Business Overview - NuScale is progressing with the RoPower FEED Phase 2 project in Doicești, Romania, which involves considering a 6-module SMR plant with 462 MW installed capacity[8] - NuScale is the only SMR technology with U S Nuclear Regulatory Commission ("NRC") design certification and is on track for Standard Design Approval for 77MW uprate by mid-2025[11] - Additional Long Lead Materials order was placed in December 2024 to support 12-module commercial deployment in the early 2030s[11] - NuScale technology enables proximity to facility, eliminates hydrogen transportation costs and provides carbon-free dedicated sources of hydrogen with high-capacity factors[24] Market Opportunity - U S power demand is expected to increase approximately 6 times in the next 20 years compared to the past 20 years[13] - Data centers are expected to triple energy use in the next three years and are forecasted to be 12% of U S electricity consumption in 2028[15] - 40% of remaining U S coal-fired capacity, or 80 6 GW, is set to close by the end of 2030[21] Financial Performance - NuScale's Q4 2024 revenue was $34 2 million[26] - NuScale's average quarterly operating expense decreased from $69 9 million in 2023 to $42 7 million in 2024, generating annualized savings of $108 6 million[27] - NuScale closed 2024 at a share price of $17 93, resulting in a full-year non-cash warrant expense of $223 0 million[27] - As of December 31, 2024, the total shares outstanding were 277 1 million[28]