NuScale Power Accelerates Commercial Readiness with Landmark Manufacturing Agreement
NuScale Power has marked a significant milestone in its journey towards commercial readiness with a landmark agreement to manufacture the first production units of its NuScale Power Module. This achievement demonstrates tangible progress towards delivering the only Nuclear Regulatory Commission (NRC)-approved Small Modular Reactor (SMR) technology at commercial scale.
As highlighted by John Hopkins, President and Chief Executive Officer of NuScale, this milestone represents a clear transition from preparation to execution. "We are proud to have entered into a landmark agreement with Doosan Enerbility to manufacture the first article production of the NuScale Power Module," he said during the company's third quarter 2026 earnings conference call. This achievement is a testament to NuScale's commitment to advancing its commercial readiness as a technology provider and original equipment manufacturer.
With growing demand and strong support for nuclear energy, particularly SMRs, NuScale is well-positioned to capitalize on this trend. The global energy landscape is undergoing a fundamental transformation, driven by the need for reliable, affordable, and carbon-free base load power. Artificial intelligence, data centers, industrial energy requirements, and energy security are converging to create unprecedented demand for nuclear energy.
NuScale's progress towards commercial readiness has been deliberate and focused on establishing a repeatable deployment model. The company is advancing detailed engineering, locking in key suppliers, securing regulatory approvals that de-risk the path forward, and preparing to support the construction and operating license application process. These investments are designed to protect and extend NuScale's competitive advantages as the only NRC-approved SMR technology provider.
For shareholders, this milestone offers a clear line of sight from contracted demand to module sales, associated services, and long-term value creation. As John Hopkins emphasized, "We are ready. Ready with the only NRC-approved SMR technology in the United States, ready with proven fuel technology, ready with engineering, regulatory foundation, strategic partnerships, and the global supply chain necessary to support commercial deployment."
The company's licensing team is already preparing to support the combined construction and operating license application for the potential Tennessee Valley Authority project. This experience will enable NuScale to efficiently navigate the regulatory process and secure the necessary approvals.
NuScale Power's commitment to advancing its commercial readiness has significant implications for the nuclear industry as a whole. As the company continues to execute on its strategy, it is poised to play a major role in shaping the future of energy production.
