NuScale Power (SMR) Awaits Key Customer Commitment for Growth

NuScale Power (NYSE: SMR) is the only developer approved by U.S. regulators to build a small modular reactor (SMR) facility. The company has signed a non-binding agreement with the Tennessee Valley Authority (TVA) for a 6-gigawatt SMR facility. A critical next step is for TVA to sign a power purchase agreement (PPA), which would confirm long-term power sales from the project. With NuScale's shares down 40% this year, the outcome of the PPA will significantly impact investor confidence and stock valuation in the coming years.