Biden Administration Announces Global Public-Private Commitment Up To $275M To Advance NuScale VOYGRTM Deployment In Romania At G7 Leaders Summit
Portfolio Pulse from Benzinga Newsdesk
The Biden Administration announced a global public-private commitment of up to $275M to advance NuScale VOYGRTM deployment in Romania at the G7 Leaders Summit. The US also issued Letters of Interest for up to $4 billion in project financing, supporting the SMR power plant project at the Doicesti site.
May 22, 2023 | 10:58 am
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The Biden Administration's commitment of up to $275M for NuScale VOYGRTM deployment in Romania and $4B in project financing will support the SMR power plant project, potentially benefiting the stock.
The Biden Administration's commitment to the NuScale VOYGRTM deployment and the issuance of Letters of Interest for up to $4 billion in project financing will provide significant support for the SMR power plant project. This financial backing will likely have a positive impact on the stock price in the short term, as it demonstrates strong government support and potential for increased revenues.
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