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Sep 30, 2023
NuScale Power Q3 2023 Earnings Report
NuScale Power made progress toward commercializing SMR technology and announced a new project with ENTRA1, but experienced a net loss.
Key Takeaways
NuScale Power reported increased revenue and a larger net loss compared to the same period in 2022. The company announced a new project with ENTRA1 and terminated the Carbon Free Power Project with Utah Associated Municipal Power Systems.
Selected by Standard Power to provide SMR technology for two advanced nuclear energy facilities
Mutually agreed to terminate the Carbon Free Power Project (CFPP)
Received approval for Licensing Basis Document in support of the RoPower project
Continued to progress on Standard Design Approval application
NuScale Power
NuScale Power
Forward Guidance
No forward guidance was provided in the document.