Nuscale Power Corp (SMR) Sector
Industrials

(Current) $28.20
-3.27 (-10.39%) Open Price: 29.65

NuScale Power Corp is a company that specializes in nuclear power technology and solutions. It was founded in 2007 as a spin-off from Oregon State University's Department of Nuclear Engineering. The company's headquarters are located in Portland, Oregon, USA.

NuScale Power is primarily focused on the development of small modular reactors (SMRs). SMRs are compact nuclear reactors that are designed to be more flexible, safer, and scalable compared to traditional large nuclear reactors. The company's technology aims to provide a reliable and carbon-free source of electricity, with potential applications in power generation, district heating, and desalination.

One of the key features of NuScale's SMR design is its passive safety systems. These systems use natural forces like gravity and convection to safely shut down the reactor without the need for active human intervention or external power. This enhances the safety and reduces the complexity of the nuclear power plant.

NuScale's SMR technology has gained significant attention and support from the nuclear industry, government agencies, and investors. It has received funding and support from the U.S. Department of Energy, and the company is actively working on deploying its technology for commercial use.

NuScale's SMR technology holds promise for addressing the world's increasing energy demands while reducing greenhouse gas emissions. The company aims to play a significant role in advancing the use of nuclear power as a clean and sustainable energy source for the future.

(11/29/24) $29.65
(12/03/24) $31.47
(12/03/24) (Qty.)9,733,619
(11/29/24) $28.46
(11/29/24) $32.30
(11/10/24) $21.30
(11/24/24) $32.30
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