This Historic 6-Gigawatt SMR Program Could Be a Game Changer for NuScale Stock

NuScale Power announced a landmark non-binding agreement with TVA and ENTRA1 Energy to deploy up to 6 gigawatts of small modular reactor (SMR) technology across six plants with 72 total modules. While potentially significant, the deal remains non-binding with no guaranteed revenue, and NuScale has already paid $495 million in milestone contributions with potential obligations up to $1.15 billion if the agreement becomes binding. Investors should await a binding contract before considering the deal a compelling investment thesis.