NuScale was founded in 2007 based on research funded by the United States Department of Energy (DOE), and has since made significant progress towards commercializing America's first small modular reactor (SMR). The company made history as the first of a new generation of nuclear energy startups to win regulatory approval of its reactor design in 2022. In May 2022, NuScale went public via merger with the special-purpose acquisition company (SPAC), Spring Valley Acquisition Corp, raising $380 million of investment. The following year would prove challenging, and NuScale would layoff more than half of its workforce.
$1.9B • 2022 • SPAC
NuScale Power is a nuclear energy company that designs and markets small modular reactors (SMRs)
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