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NuScale Power Stock Surges 15% on Landmark SMR Deal with TVA
NuScale Power Stock Surges 15% on Landmark SMR Deal with TVA
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BTCCSquare news:
NuScale Power (SMR) shares skyrocketed 15.8% intraday Wednesday, extending monthly gains to 23%, after announcing a historic agreement for the largest small modular reactor (SMR) deployment in U.S. history. The nuclear energy innovator, yet to commercialize its technology, secured a transformative partnership with ENTRA1 Energy to supply 6GW of capacity to the Tennessee Valley Authority.
The deal positions NuScale's exclusive commercialization partner ENTRA1 to deploy six plants across seven states, capable of powering 4.5 million homes or 60 data centers. This public-private collaboration marks a watershed moment for modular nuclear technology, validating NuScale's first-mover advantage in the emerging SMR market.
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