NuScale is a developer of small modular reactors (“SMR”) with no credible orders. The company has not landed a single deal since the termination of the UAMPS contract, caused by cost overruns. Without any serious customer, NuScale’s marketing now leans heavily on one claim: having the first and only SMR design certified by the US Nuclear Regulatory Commission (“NRC”). This statement is everywhere. It features on NuScale’s website, investor presentations, and on earnings calls. Unfortunately, journalists have also echoed this … read more »
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