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.
The results compared to revenue of $5.5m and a net loss of $35.6m for the same period in 2023.
NuScale president and chief executive officer John Hopkins said the criticality of NuScale’s SMR technology has “never been greater than amidst today’s rapidly expanding power demand landscape”.
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