NuScale Power, a leading developer of small modular reactor technology in the US, has announced plans to go public by way of a merger with Spring Valley Acquisition Corp., a publicly traded special purpose acquisition company, with the aim to establish a new entity called NuScale Power Corporation.

NuScale said in a statement that the purpose of the merger is to create “a first-of-its-kind energy company poised to power the global energy transition by delivering safe, scalable and reliable carbon-free nuclear power.”