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NuScale CEO tells Axios in talks with hyperscalers for power deals

NuScale Power (SMR) is in discussions with a majority of “tier one” hyperscalers that are interested in buying power from the company’s advanced nuclear reactors, its CEO John Hopkins tells Axios Pro, reports Katie Fehrenbacher. NuScale received approval from the Nuclear Regulatory Commission last week for a second reactor design, uprated to 77 MW, Axios points out. The company’s initial reactor design was approved at 50 MW in 2020, making it the first and only advanced nuclear reactor greenlit in the U.S., the website adds. Shares of NuScale are down 2% to $30.66 in afternoon trading.

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