NuScale Power's Trading Volume Drops 31.75% to $337 Million, Ranked 276th as SMR Design Approval Boosts Clean Energy Ambitions

On June 2, 2025, NuScale Power (SMR) experienced a slight increase of 0.13%, with a trading volume of $337 million, marking a 31.75% decrease from the previous day. This placed NuScale at the 276th position in terms of trading volume for the day.

NuScale Power has received approval for its upgraded small modular reactor (SMR) design, the US460 77-MWe, from the Nuclear Regulatory Commission. This approval, known as a Standard Design Approval (SDA), confirms that the reactor design meets the agency's safety requirements. However, it does not guarantee license approval for construction and operation. This new design allows NuScale's partner, Entra1 Energy Plants, to provide a broader range of off-takers and consumers with reliable, carbon-free energy. The plants are planned to house six 77-MWe modules and are expected to be deployed by 2030.

NuScale's CEO, John Hopkins, highlighted the significance of this approval, stating that it brings the company closer to meeting the demands of clean energy users. He also mentioned that NuScale is in discussions with five "tier-one hyperscalers" to build SMRs, although he could not disclose their names due to nondisclosure agreements. This approval is a crucial step towards NuScale's goal of providing clean, reliable, and safe energy to consumers.

NuScale had previously received design approval from the NRC in 2020 for its original 50-MWe design. The company had been working with Utah Associated Municipal Power Systems on the Carbon Free Power Project, which aimed to deploy a set of the 77-MWe SMRs at Idaho National Laboratory. However, the plan was abandoned in late 2023 due to financing hardships. Despite this setback, NuScale remains optimistic about continuing work with other domestic and international customers to bring its American SMR technology to market and grow the U.S. nuclear manufacturing base.