Small Modular Reactors

NuScale / SMR Company Reports Net Q1 Loss, But Says Need For Technology Has ‘Never Been Greater’

By David Dalton
10 May 2024

Doosan Enerbility pressing ahead with forgings of long lead materials

SMR Company Reports Net Q1 Loss, But Says Need For Technology Has ‘Never Been Greater’
Forgings being produced for planned NuScale small modular reactor nuclear power plants.
US-based NuScale Power has reported revenue of $1.4m (€1.3m) and a net loss of $48.1m for the three-month period ended 31 March 2024, but said it remains “optimally positioned” to support prospective customers’ needs for reliable, decarbonised energy from its Voyagr small modular nuclear plant.

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