NuScale technology selected by ENTRA1 for Tennessee Valley Authority project

NuScale Power (SMR) earlier announced its “strong support” for ENTRA1 Energy’s American agreement with the Tennessee Valley Authority to deploy up to 6 gigawatts of NuScale SMR capacity across TVA’s seven-state service region, calling it “the largest SMR deployment program in U.S. history.” John Hopkins, NuScale’s President and Chief Executive Officer, said: “We are honored that ENTRA1 has selected NuScale’s U.S. NRC-approved SMR technology for this historic deployment in delivering power to the TVA region. ENTRA1’s team of energy and finance veterans brings exceptional value to our partnership-combining energy sales knowledge, investment and asset management capabilities, deep project finance expertise, and experience in delivering large-scale power infrastructure. Their experience is exactly what is required as we enter this critical next phase of commercializing and deploying NuScale Power Modules into ENTRA1 Energy Plants. Together, we are ready as partners to meet America’s surging demand for reliable, carbon-free baseload power-powering AI data centers, critical mining, semiconductor manufacturing, and the energy-intensive industries that are driving our nation’s economic future.” Under the agreement, the program aims to deploy six ENTRA1 Energy Plants, each powered by multiple NuScale Power Modules, to provide up to 6 GW of firm, 24/7 baseload power within TVA’s service region. ENTRA1 Energy Plants are owned and financed through ENTRA1, NuScale noted. Shares of NuScale are up $5.45, or 15%, to $42.69 in morning trading.