NUSCALE POWER Corp: directors' dealings · United States · SEC (Form 4)

About NUSCALE POWER Corp

NuScale Power Corporation is a U.S.-based company listed on the NYSE under the ticker SMR. Headquartered historically in Corvallis, Oregon, United States, NuScale was founded in 2007, but its roots go back to a university research project launched in 2002, from which it obtained exclusive rights to the underlying small modular reactor technology. For francophone investors, NuScale is best understood as a technology-and-infrastructure play on the nuclear energy transition rather than as a conventional utility. The company’s value proposition depends on successful commercialization, regulatory execution, and multi-year project conversion. NuScale’s core business is centered on the design, licensing, commercialization, and deployment support of its advanced small modular reactor platform. Its flagship product is the NuScale Power Module, which the company markets as a scalable, carbon-free nuclear solution suited to baseload generation and industrial power needs. Beyond the reactor design itself, NuScale also offers a broader suite of services covering licensing support, construction and commissioning, and plant operations and maintenance. In addition, the company provides Energy Exploration Centers, which are used for training and educational purposes around SMR technology. This service model is important because it gives NuScale multiple potential revenue streams across the nuclear project lifecycle. From a competitive standpoint, NuScale holds a notable position in an early-stage and highly regulated market. The company describes itself as an industry-leading provider of proprietary SMR technology and highlights that its design has already received U.S. regulatory approval. NuScale also states that its NuScale Power Module is the only SMR on the market with design approval and readiness for worldwide deployment. That regulatory lead matters: in a sector where many competing concepts remain in development, certification progress is a critical barrier to entry and a meaningful strategic advantage. At the same time, NuScale still faces the classic commercialization challenge of converting technical leadership into binding customer contracts and profitable project execution. Geographically, NuScale remains primarily U.S.-anchored, but its commercial strategy is international in scope. The company works through strategic partners such as ENTRA1 Energy to promote deployment opportunities and industrial-scale projects. Recent highlights include a 2025 announcement supporting a potential 6-gigawatt deployment program with the Tennessee Valley Authority through ENTRA1 Energy, described by NuScale as the largest SMR deployment program in U.S. history. The company also announced an operations center opening in Houston, Texas, in 2026, underscoring its growing operational footprint in the United States. Overall, NuScale Power is a high-conviction, high-risk energy transition name with meaningful regulatory credentials, a differentiated product set, and significant execution risk ahead.