NuScale Power and Doosan Enerbility Sign Agreement for Manufacturing of NuScale Power Module™
The deal moves NuScale’s certified small modular reactor design into manufacturing, while the company still lacks a binding customer order, analysts said.
- On Thursday, NuScale Power signed a contract with South Korea's Doosan Enerbility to manufacture the upper reactor pressure vessel module, advancing the only NRC-certified SMR design into physical production of the First Article.
- The agreement builds on a partnership between NuScale and Doosan that began in 2019, leveraging modular manufacturing to reduce construction costs and shorten building periods for reactor deployment.
- NuScale stock surged 7% to $6.06 following the manufacturing announcement, though the company still lacks a binding module order despite holding $1.9 billion in cash and investments.
- Competitors Oklo and BWX Technologies gained just 1% and 3% respectively, trailing NuScale's advance as the company positions itself as a technology supplier while Oklo plans to own Aurora powerhouses directly.
- NuScale's exclusive partner, ENTRA1 Energy, remains in nonbinding talks with the Tennessee Valley Authority on a definitive agreement covering up to 6 gigawatts of capacity.
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11 Articles
NuScale Power Rises 7% on Doosan Manufacturing Deal; Oklo and BWX Technologies Trail
NuScale just signed a South Korean manufacturing deal that moves its reactor from blueprint to physical hardware, but the company still has no paying customer for a single module. Here is what that tension means for investors watching the small modular reactor race.
Doosan Enerbility will undertake the production of the first reactor for the largest Small Modular Reactor (SMR) project in the United States. Doosan Enerbility announced on the 29th that it has signed a contract with the U.S. SMR company NuScale Power to manufacture the Upper Reactor Pressure Vessel (URPV). Under this contract, Doosan Enerbility will manufacture NuScale Power's upper reactor module
(Seoul = Yonhap News) Reporter Hong Kyu-bin = Doosan Enerbility will be responsible for manufacturing the reactor for the largest local Small Modular Reactor (SMR) project being pursued by U.S. NuScale Power.
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