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NuScale Power Corporation

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SMR: NuScale Power Corp is engaged in the development of a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.

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  • Patent Title: Heat pipe networks for heat removal, such as heat removal from nuclear reactors, and associated systems and methods Aug. 15, 2023
  • Patent Title: Nuclear reactor protection systems and methods Aug. 15, 2023
  • Patent Title: Nuclear reactors having liquid metal alloy fuels and/or moderators Jul. 25, 2023
  • Patent Title: Servicing a nuclear reactor module Jun. 06, 2023
  • Patent Title: Control rod damping system Apr. 18, 2023
  • Patent Title: Evacuated containment vessel for nuclear reactor Feb. 28, 2023
  • Patent Title: Boron injection system for controlling a nuclear reaction by delivering boron into a containment vessel Dec. 13, 2022
  • Patent Title: Systems and methods for monitoring a power-generation module assembly after a power-generation module shutdown event Sep. 13, 2022
  • Patent Title: Controlling a power output of a nuclear reaction without control rods Jul. 05, 2022
  • Patent Title: Control rod drive mechanism with heat pipe cooling Jun. 07, 2022
  • Patent Title: Controlling a power output of a nuclear reaction without control rods Apr. 19, 2022
  • Patent Title: Compact raised face flange Apr. 12, 2022
  • Patent Title: Method for housing nuclear reactor modules Jan. 04, 2022
  • Patent Title: Nuclear reactor module with a cooling chamber for a drive motor of a control rod drive mechanism Sep. 07, 2021
  • Patent Title: Nuclear reactor protection systems and methods Jul. 20, 2021
  • Patent Title: Integral reactor pressure vessel tube sheet Jul. 13, 2021
  • Patent Title: Control rod damping system Jun. 01, 2021
  • Patent Title: Bolt installation and tensioning system May. 25, 2021
  • Patent Title: Nuclear reactor protection systems and methods May. 25, 2021
  • Patent Title: Managing dynamic forces on a nuclear reactor system Mar. 30, 2021
  • Patent Title: Nuclear reactor protection systems and methods Mar. 16, 2021
  • Patent Title: Systems and methods for monitoring a power-generation module assembly after a power-generation module shutdown event Dec. 29, 2020
  • Patent Title: Servicing a nuclear reactor module Dec. 01, 2020
  • Patent Title: Control rod drive mechanism (crdm) with remote disconnect mechanism Nov. 24, 2020
  • Patent Title: Inter-module fuel shuffling Oct. 27, 2020
  • Patent Title: Containment seal Oct. 06, 2020
  • Patent Title: Steam generator with inclined tube sheet Jun. 16, 2020
  • Patent Title: Multi-modular power plant with dedicated electrical grid Jun. 02, 2020
  • Patent Title: Pipe restraint and shield Feb. 04, 2020
  • Patent Title: Method of manufacturing a helical coil steam generator Dec. 24, 2019
  • Patent Title: Multi-modular power plant with off-grid power source Dec. 17, 2019
  • Patent Title: In-core instrumentation Dec. 03, 2019
  • Patent Title: Spent fuel storage rack Nov. 05, 2019
  • Patent Title: Neutron path enhancement Nov. 05, 2019
  • Patent Title: Managing nuclear reactor spent fuel rods Oct. 22, 2019
  • Patent Title: Remote monitoring of critical reactor parameters Oct. 15, 2019
  • Patent Title: Flow rate measurement in a volume Oct. 15, 2019
  • Patent Title: Fault-tolerant power-distribution modules for a power plant Sep. 03, 2019
  • Patent Title: Managing dynamic forces on a nuclear reactor system Sep. 03, 2019
  • Patent Title: Transportable monitoring system Aug. 27, 2019
  • Patent Title: Reactor module support structure Aug. 27, 2019
  • Patent Title: Passive cooling to cold shutdown Jul. 16, 2019
  • Patent Title: Fault-tolerant power distribution systems for a modular power plant Jun. 25, 2019
  • Patent Title: Method for imaging a nuclear reactor Jun. 11, 2019
  • Patent Title: Actuating a nuclear reactor safety device May. 28, 2019
  • Patent Title: Fasteners for nuclear reactor systems May. 28, 2019
  • Patent Title: Control rod position indicator Apr. 23, 2019
  • Patent Title: Notification management systems and methods for monitoring the operation of a modular power plant Jan. 29, 2019
  • Patent Title: Internal dry containment vessel for a nuclear reactor Jan. 22, 2019
  • Patent Title: Steam generator for a nuclear reactor Dec. 04, 2018
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Quiver LogoOur Analysis
Posted: 4 months ago // May 25, 2023 1:13 p.m. UTC
The Company Leading the Nuclear Energy Comeback

In news that went widely uncirculated in the media, nuclear energy might be finally staging a comeback:

Last week, when the G7 met in Hiroshima, five of the seven countries agreed to a new nuclear fuel agreement to strengthen energy security and weaken Russia’s influence in the industry. This landmark agreement was welcomed by the nuclear industry, which has endured many years of negative PR between Chernobyl, Fukushima, and Zaporizhzhia. Despite these mostly isolated incidents, nuclear energy remains the most reliable energy source in the world, according to the Department of Energy.

Negative publicity aside, the other barrier inhibiting the growth of nuclear energy usage is the high upfront costs of constructing nuclear power plants. Between millions of tons of concrete, reliable water sources, graphite blocks, and acres of land, the costs have deterred many governments and companies from the energy source.

However, it seems people have realized this fundamental issue and have begun exploring a new type of power plant called Small Modular Reactors, or SMRs for short. SMR facilities are far smaller than their traditional counterparts, more efficient, and can be operated in up to 80% of previously coal power plants.

This breakthrough is significant because many Western governments have begun phasing out coal power, leaving hundreds of abandoned coal power plants scattered across the country. Considering that most of these plants can be retrofitted to accommodate SMR facilities, along with many of them being strategically positioned across the country, it’s easy to understand how this makes SMR's an enticing option.

Because of this, several companies have been investing heavily in SMR development to capture this newfound opportunity. While many have made breakthroughs, currently, only one company has received certification for its Small Modular Reactor design by the Nuclear Regulatory Commission (NRC): NuScale Power Corporation (NYSE: SMR), obtaining approval for its SMR design in January of 2023. This is significant as the pre-approved design means that they can sell or lease their SMR systems to utilities or other customers without needing those customers to go through a lengthy process of getting a new reactor design approved.

It seems as if this design is already garnering attention: Nucor (NYSE: NUE), one of the top steel producers in the world, signed a Memorandum of Understanding with NuScale Power to explore the deployment of NuScale’s VOYGR Small Modular Reactor (SMR) power plants near Nucor’s steel mills. This agreement underscores the growing interest in SMRs among industry leaders and gives NuScale a sort of moat in the SMR space.

More recently, a project to deploy the first NuScale VOYGR-6 nuclear power plant in Romania by 2029 has garnered a $275 million public-private funding commitment from the U.S., Japan, South Korea, and the United Arab Emirates (UAE) as part of a global infrastructure partnership.

Given the reception NuScale has accepted from companies and governments, alongside their first-mover advantage, they're certainly a company with a lot of potential worth keeping an eye on while their first few facilities are set to come online in the near future.

Disclaimer: The views expressed in this article are solely those of the author and should not be construed as financial or investment advice. It is recommended to conduct thorough research and consult with a professional financial advisor before making any investment decisions.

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