U.S. Nuclear Regulatory Commission Accepts NuScale Power's Standard Design Approval Application
Portfolio Pulse from Happy Mohamed
The U.S. Nuclear Regulatory Commission (NRC) has accepted NuScale Power Corporation's (NYSE:SMR) Standard Design Approval (SDA) Application for formal review. The application is for NuScale's VOYGR™-6 plant design featuring an uprated 77 MWe small modular nuclear reactor (SMR), which will support capacity requirements for a wider range of customers. The NRC provided a 24-month review schedule for approval.
August 04, 2023 | 10:31 am
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POSITIVE IMPACT
The acceptance of NuScale Power's SDA application by the NRC is a positive development for the company. It brings NuScale a step closer to providing clean, carbon-free energy to a wider range of customers.
The acceptance of the SDA application by the NRC is a key regulatory milestone for NuScale Power. It indicates that the company's uprated 77 MWe small modular nuclear reactor design is on track for approval, which could potentially expand its customer base and boost its revenues. Therefore, this news is likely to have a positive impact on NuScale's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100