TVA News & Analysis

NuScale Power (SMR) Faces Delays on $10 Trillion Opportunity

NuScale Power (SMR) is pursuing a $10 trillion opportunity but has faced significant delays. The company is projected to have its first nuclear plant operational by 2030 at the earliest, a shift from its 2019 estimate of 2027. Currently, it holds the only permit to build a small modular reactor (SMR) in the U.S., but there have been cancellations in its order pipeline. Additionally, in 2025, NuScale reported a net loss of $664 million, the largest in its history, indicating ongoing financial challenges.