NuScale Power is positioning itself as the first vertically integrated manufacturer of small modular reactors (SMRs). The company has secured a 10-acre site near Idaho Falls for its Advanced Manufacturing Facility, planned to assemble up to six SMR modules per year by 2026. Each module generates 60 MW of clean baseload power, and NuScale expects the plant to support initial production costs under $1,500 per kilowatt. Management targets signing its first commercial contract by Q4 2024, with a potential order backlog valued at more than $3 billion over the next decade.

Over the past 24 months, NuScale Power’s equity value has outperformed many pure-play clean-energy peers, delivering a total return in excess of 150%. Institutional investors have cited the company’s first‐mover advantage as the only SMR developer with a U.S. Nuclear Regulatory Commission design approval, along with growing demand for reliable, high‐density power in artificial‐intelligence data centers. In presentations to major utilities, NuScale estimates that a six‐module plant could supply up to 360 MW to hyperscale computing customers, with long-term contracts indexing power prices at a 10% premium to regional wholesale rates.

NuScale achieved a major milestone in 2022 when the NRC granted final design approval for its 60 MW SMR, the first of its kind in the United States. The company now aims to leverage that certification to pursue international markets, targeting Asia and Europe, where combined SMR demand is forecast to exceed 200 GW by 2040. Independent analysts estimate the global SMR market could be worth over $500 billion by 2035. NuScale’s strategy includes licensing its technology to third‐party fabricators abroad, creating recurring royalty streams that management projects could account for up to 30% of revenue by 2030.