NuScale Power SMR Stock: Small Modular Reactor Progress and NRC Approval for Carbon Free Energy
insidermonkey.comNuScale Power, a company developing small modular nuclear reactors (SMRs), was highlighted as one of the best industrial stocks with over 50% upside potential. The article notes that NuScale awarded Paragon a contract to complete the design of its Highly Integrated Protection System (HIPS) for the NuScale Power Module. This includes work on the Plant Protection System, Safety Display and Indication System, and Module Protection System. The U.S. Nuclear Regulatory Commission has already approved NuScale's SMR design, a key regulatory milestone for the technology. NuScale's SMR is a 77 MWe light water nuclear reactor designed for carbon free power generation. The company provides design, licensing, construction, and maintenance services for power plants. While the article frames this as a stock pick, the underlying story is about progress in small modular reactor technology and its potential role in grid decarbonization. The NRC approval and the Paragon contract indicate that NuScale is moving forward with safety system design and regulatory compliance, which are critical steps for any new nuclear technology aiming to reach commercial deployment.
