Significant Revenue Growth
NuScale reported revenue of $13.4 million for the first quarter of 2025, a substantial increase from the $1.4 million reported in the same period of the prior year. This growth was driven by engineering and licensing fees from the RoPower project.
Cash Position and Liquidity
NuScale ended the first quarter of 2025 with cash and cash equivalents of $491.4 million and short-term investments of $30 million. This was bolstered by the successful sale of 4.5 million shares through an ATM program, generating $102.4 million in gross proceeds.
Progress in Regulatory Approvals
NuScale remains the only SMR company with U.S. Nuclear Regulatory Commission design approval and anticipates the NRC approval for increasing power output per module from 50-megawatt electric to 77-megawatt electric by July 2025.
Strong Supply Chain Developments
NuScale conducted multiple prebid meetings and continued progress on long-lead material orders, showcasing a strong commitment to its supply chain readiness for a 2030 delivery of its first power module.
Advanced Customer Discussions
NuScale is in advanced discussions with potential customers, classified as upwards of 10, with some having progressed to multiple iterations of term sheets and customer site visits.