NuScale Power generates revenue primarily through the commercialization of its Small Modular Reactor (SMR) technology, designed to deliver scalable, low-carbon energy solutions. Here's how NuScale is positioned to make a profit:

1. Licensing and Technology Deployment

  • SMR Deployment Contracts: NuScale earns income by supplying its proprietary NuScale Power Modules™ to utility companies, governments, and private-sector customers. These reactors provide flexible and efficient energy generation for a variety of applications, including electricity, heating, desalination, and hydrogen production.
  • Project Development Fees: The company collects revenue from developing and managing nuclear power projects, such as its partnership with the Utah Associated Municipal Power Systems (UAMPS). As these plants are deployed, NuScale gains a portion of the revenue.

2. Manufacturing and Installation

  • NuScale profits from manufacturing and delivering SMR modules. The modular design allows reactors to be manufactured off-site and assembled on-site, reducing costs and construction time for clients while enabling economies of scale.

3. Long-Term Maintenance and Operations

  • Maintenance Services: NuScale provides ongoing support and maintenance for its reactors, creating a recurring revenue stream.
  • Licensing and Technology Upgrades: Clients may pay fees for updated technologies, software, and operational enhancements over the lifespan of their nuclear plants.

4. Strategic Partnerships and Government Support

  • Government Funding: NuScale benefits from funding and grants from organizations like the U.S. Department of Energy (DOE), which helps reduce upfront costs for technology development and project execution.
  • International Agreements: Through partnerships with other countries interested in adopting SMR technology (e.g., Poland, Romania, and Asian markets), NuScale expands its revenue sources globally.

5. Expanding Market Applications

  • Hydrogen Production: NuScale is positioned to capitalize on the emerging hydrogen economy by using its reactors for large-scale, carbon-free hydrogen production.
  • Non-Electric Applications: The company aims to diversify revenue streams by offering SMRs for desalination and industrial heating.


Challenges to Profitability

While NuScale’s potential is significant, the company must navigate:

  • High upfront project costs.
  • Long lead times for nuclear plant approvals and construction.
  • Intense competition from other nuclear technology providers and renewables.

NuScale is currently in its early commercialization phase, with revenue growth expected to accelerate as more SMR projects reach deployment.

About SMR

NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The Company’s groundbreaking SMR technology is powered by the NuScale Power Module, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. It serves diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. In addition to its flagship 12-module (924 MWe) VOYGR-12TM power plant, it offers smaller power plant solutions, including the six-module (462 MWe) VOYGR-6TM and the four-module (308 MWe) VOYGR-4TM. It offers VOYGR power plant designs for three facility sizes that are scalable in that they are capable of housing from one to four, six or 12 NPMs.

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