Latest news with #NuScalePowerCorporation
Business Wire
08-07-2025
- Business
- Business Wire
NuScale Power to Hold Second Quarter 2025 Earnings Conference Call
CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, today announced it will host a conference call to review second quarter 2025 results on Thursday, August 7, 2025, at 5:00 p.m. ET. The conference call may be accessed by dialing (888) 550-5460 with conference ID 4347254 or by visiting the Quarterly Results page of the company's website. A replay of the webcast will be available for 30 days. About NuScale Power Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The NuScale Power Module™, the company's groundbreaking SMR technology, is a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. To learn more, visit NuScale Power's website or follow us on LinkedIn, Facebook, Instagram, X and YouTube. Forward Looking Statements This release may contain forward-looking statements (including without limitation statements containing words such as "will," "believes," "expects," 'anticipates,' "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, capital deployment, future growth, new awards, backlog, earnings and the outlook for the Company's business. Actual results may differ materially as a result of a number of factors, including, among other things, the Company's liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; our expectations regarding regulatory approvals, and the timing thereof, to deploy our SMRs in the United States and abroad; forecasts regarding end-user adoption rates and demand for our products in the markets that are new and rapidly evolving; limitations on the effectiveness of controls and procedures and our remediation plans related thereto; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; macroeconomic conditions; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company's results may differ materially from its expectations and projections. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the 'SEC'), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled 'Cautionary Note Regarding Forward-Looking Statements' and 'Summary of Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@ The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.
Business Wire
30-06-2025
- Business
- Business Wire
Shahram Ghasemian Joins NuScale Power as Chief Legal Officer, Corporate Secretary
CORVALLIS, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the appointment of Shahram Ghasemian as Chief Legal Officer and Corporate Secretary, effective June 30, 2025. Ghasemian is an experienced legal executive with a long tenure working across the energy industry and known as a trusted business partner adept at shaping and advancing corporate strategic goals. He joins NuScale from Centrus Energy Corp., where he most recently served as Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary. Before Centrus, Ghasemian held several leadership positions within the federal government from 2006 to 2020, including the U.S. Department of Energy (DOE), the U.S. Nuclear Regulatory Commission (NRC) and serving as a Senior Legislative Fellow on nuclear policy issues on Capitol Hill. He started his career in the nuclear energy sector in 1997 with Centrus' predecessor, holding legal positions of increasing responsibility and handling a wide range of issues, including litigation, employment, and compliance matters, as well as complex nuclear fuel sales and related agreements. 'I am thrilled to welcome Shahram to NuScale Power,' said John Hopkins, NuScale President and Chief Executive Officer. 'His broad expertise in legal, regulatory, compliance, and governance matters within the nuclear sector and the federal government will be a tremendous asset, as we pursue our mission to deliver safe, reliable, and clean energy solutions.' Ghasemian said: 'Joining NuScale Power during this pivotal moment for the energy industry is an honor. With NRC-approved designs, NuScale is moving ever closer to deployment. The company's dedication to innovation and its leadership in providing safe, clean, and reliable energy solutions presents a remarkable opportunity to improve our collective quality of life and promote a sustainable future. I am eager to work alongside the talented team at NuScale to drive this important initiative forward." Ghasemian holds a Juris Doctor, cum laude, from the University of Illinois Chicago School of Law and a Bachelor of Science degree in Civil and Environmental Engineering from the University of Wisconsin. About NuScale Power Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The NuScale Power Module™, the company's groundbreaking SMR technology, is a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. As the first and only SMR to have its designs certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. To learn more, visit NuScale Power's website or follow us on LinkedIn, Facebook, Instagram, X and YouTube. Forward Looking Statements This release may contain forward-looking statements (including without limitation statements containing words such as "will," "believes," "expects," 'anticipates,' "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans and expectations, including moving ever closer to deployment, improving our collective quality of life, and promoting a sustainable future, capital deployment, future growth, new awards, backlog, earnings and the outlook for the company's business. Actual results may differ materially as a result of a number of factors, including, among other things, the Company's liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; our expectations regarding obtaining regulatory approvals, and the timing thereof, to deploy our SMRs in the United States and abroad; forecasts regarding end-user adoption rates and demand for our products in the markets that are new and rapidly evolving; limitations on the effectiveness of controls and procedures and our remediation plans related thereto; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; macroeconomic conditions; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company's results may differ materially from its expectations and projections. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission (the 'SEC'), including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled 'Cautionary Note Regarding Forward-Looking Statements' and 'Summary of Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent filings with the SEC. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at ir@ The Company disclaims any intent or obligation other than as required by law to update the forward-looking statements.
Yahoo
25-06-2025
- Business
- Yahoo
NuScale Power Innovates With Integrated Systems for Clean Water, Hydrogen Production
NuScale Power Corporation (NYSE:SMR) is one of the best-performing NYSE stocks to buy now. On June 18, NuScale Power Corporation announced new research programs focused on developing an integrated energy system for clean water production and energy-efficient hydrogen generation. The initiatives aim to address global water scarcity, facilitate clean hydrogen production, and enable the reuse of industrial brine. NuScale's research indicates that a single NuScale Power Module/NPM paired with a state-of-the-art reverse osmosis desalination system could produce ~150 million gallons of clean water daily, without generating carbon dioxide. Furthermore, a plant with 12 NPMs would be capable of providing desalinated water for a city of 2.3 million residents while also generating surplus power to electrify 400,000 homes. A Nuclear power plant with all its safety & security protocols in place. To tackle the environmental challenge posed by brine, which is a byproduct of the desalination process, NuScale's research team has developed a novel approach for hydrogen storage, transport, and production that utilizes this leftover brine as an industrial feedstock. NuScale collaborated with experts at the US Department of Energy's Pacific Northwest National Laboratory to investigate hydrogen production from an inert salt derived from water desalination byproducts. NuScale's hydro-thermal chemical decomposition method for hydrogen production eliminates the need for water electrolysis, thereby reducing energy and water consumption and lowering costs. The process is carbon-free if powered by NuScale's integrated energy systems. The research on this innovative approach was presented at the World Petrochemical Conference in March 2025. NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. It offers NuScale Power Module, which is a water reactor that can generate 77 megawatts of electricity. While we acknowledge the potential of SMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
12-06-2025
- Business
- Yahoo
NuScale (SMR) Hits New All-Time High on Advanced Nuclear Development
We recently published a list of . In this article, we are going to take a look at where NuScale Power Corporation (NYSE:SMR) stands against other best-performing stocks on Wednesday. NuScale Power grew its share prices by 20.41 percent on Wednesday to hit a new all-time high as investors shopped for shares amid the ongoing progress in the adoption of nuclear technology reactors. NuScale Power Corporation (NYSE:SMR) touched a new all-time high of $41.88 at intraday trading before slightly pulling back to end the day at $41.60. The rally was likely boosted by the US Air Force's milestone deal with another small modular reactor (SMR) provider, in line with the United States' plan to ramp up the adoption of nuclear reactor technologies in the country. It can be learned that President Donald Trump signed two executive orders last month to ramp up the development of nuclear technologies in the country. One of the orders includes the deployment of advanced nuclear reactor technologies for national security and to support the energy needs of Artificial Intelligence infrastructures such as data centers. A Nuclear power plant with all its safety & security protocols in place. NuScale Power Corporation (NYSE:SMR) is one of the leading SMR companies with projects located globally. Overall, SMR ranks 3rd on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-06-2025
- Business
- Yahoo
Why NuScale Power Corporation (SMR) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where NuScale Power Corporation (NYSE:SMR) stands against other Friday's best-performing stocks. NuScale Power snapped a three-day losing streak on Friday, jumping 10.66 percent to finish at $34.36 apiece as investors cheered the unveiling of the largest energy exploration center in the US, which the company established in partnership with George Mason University. Called the E2 center, the facility sits on a 345,000-square-foot facility within the university and features a state-of-the-art simulator that replicates a NuScale SMR control room. Students at George Mason will have the unique opportunity to assume the role of a control room operator at the first full-scale 12-module simulator in the US, engaging with real-life scenarios that bridge theoretical knowledge with practical application. A Nuclear power plant with all its safety & security protocols in place. NuScale Power Corporation (NYSE:SMR) President and CEO John Hopkins said that the opening reinforces its mission to drive innovation in nuclear energy and inspire the next-generation leaders. 'Together, we are shaping a skilled nuclear-ready workforce and fostering a more informed public, providing a strong foundation for the future of clean, reliable energy in Virginia and around the world,' he added. The E2 center was funded by the Virginia Clean Energy Innovation Bank, powered by the Virginia Department of Energy. Overall, SMR ranks 7th on our list of Friday's best-performing stocks. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
