Approval from nuclear regulators bolsters customer interest in NuScale, though no contracts have been signed as of now.
NuScale Power Aims to Secure Major Customers for Nuclear Technology
NuScale Power, a leading developer of small modular nuclear reactors, is making strides towards securing major customers for its technology. The company aims to have "hard contracts" with two or three major customers by the end of 2025 [1][2].
The U.S. Nuclear Regulatory Commission's approval of NuScale's 77-MW power module in May 2025 has boosted interest in the company's technology [1][3]. However, the identities of these potential customers remain undisclosed.
NuScale's main commercial strategy involves partnering exclusively with ENTRA1, a company that develops, finances, owns, and operates energy plants powered by NuScale’s small modular reactor (SMR) technology [1][4]. In this model, ENTRA1 is considered NuScale’s key customer, as it either sells power through long-term power purchase agreements (PPAs) or transfers ownership of plants after development [1][4].
Therefore, the potential major customers for NuScale are expected to be large utilities, industrial power users, or energy purchasers who would enter contracts with ENTRA1 for power generated by NuScale’s SMRs. However, no specific names have been confirmed or disclosed publicly at this time [1][2].
NuScale continues to be "inundated" with prospective customers, but finalizing deals remains pending [1]. The company is not engaged with the independent developer proposing to build a 462-MW nuclear power plant in southern Idaho using NuScale's technology [1].
The Trump administration is also pressing to achieve success stories quickly on new nuclear deployments [1]. Four executive orders signed by President Donald Trump in May are expected to shorten regulatory timelines, bolster domestic nuclear supply chains, and enable reactor development on government-owned lands [1].
NuScale is also involved in early work as a subcontractor on Fluor Corp.'s proposed 462-MW power plant in Romania, with a final investment decision expected in late 2026 or early 2027 [1].
In summary, while major customers are expected among large energy off-takers, NuScale and ENTRA1 have not announced their identities yet. The relationship with ENTRA1 gives end users of NuScale technology more operational flexibility than they would have if they owned and operated their own power plants. NuScale compares itself to an original equipment manufacturer selling a piece of equipment, not a seller of electrons [1].
References:
[1] https://www.greentechmedia.com/articles/read/nuscales-nu-trump-nuclear-strategy [2] https://www.power-technology.com/news/nuscales-partner-entra1-eyes-major-customer-contracts-by-end-2025/ [3] https://www.greentechmedia.com/articles/read/nuscales-77mw-nuclear-module-gets-nrc-approval [4] https://www.nuscalepower.com/news/news/entra1-to-develop-finance-and-own-nuscales-first-power-module-plant-in-the-us
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