NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.
At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems. Each module is designed for factory fabrication and on-site assembly, enabling flexible plant sizes through multi-module configurations. In August 2020, the U.S. Nuclear Regulatory Commission granted design certification for the VOYGR SMR, marking a significant milestone toward commercialization.
NuScale’s flagship initiative is the Carbon Free Power Project, in partnership with Utah Associated Municipal Power Systems, planned at the Idaho National Laboratory site. The initial deployment envisions up to a dozen modules providing more than 700 MWe of clean energy. Beyond the United States, the company is actively pursuing collaboration and licensing opportunities in international markets, with a focus on Europe and Asia.
The company is led by President and Chief Executive Officer John Hopkins, a veteran of the nuclear industry with prior leadership roles at Westinghouse Electric Company. Under his guidance, NuScale is advancing from design certification to construction readiness, supported by partnerships with major engineering firms and a board of directors with deep expertise in energy and nuclear technology.