About NuScale Power
NuScale Power is a company based in Portland (United States) founded in 2007 by Jose N Reyes was acquired by Chubu Electric Power in September 2023.. NuScale Power has raised $198.15 million across 10 funding rounds from investors including IHI Corporation, DOE and JGC Holdings Corporation. The company has 484 employees as of December 31, 2024. NuScale Power offers products and services including NuScale Power Module, E2 Centers, and Plant Services. NuScale Power operates in a competitive market with competitors including Newcleo, X Energy, Oklo, Westinghouse Electric and Radiant Nuclear, among others.
- Headquarter Portland, United States
- Employees 484 as on 31 Dec, 2024
- Founders Jose N Reyes
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nuscale Power Corporation
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Annual Revenue
$37.05 M62.41as on Dec 31, 2024
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Net Profit
$-136.62 M-134.1as on Dec 31, 2024
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EBITDA
$-136.88 M49.86as on Dec 31, 2024
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Total Equity Funding
$198.15 M (USD)
in 10 rounds
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Latest Funding Round
$60 M (USD), Series C
Jul 20, 2021
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Investors
IHI Corporation
& 7 more
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Employee Count
484
as on Dec 31, 2024
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Acquired by
Chubu Electric Power
(Sep 08, 2023)
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IPO & Listings of NuScale Power
NuScale Power is a publicly listed company on the NYSE with ticker symbol SMR in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of NuScale Power
NuScale Power offers a comprehensive portfolio of products and services, including NuScale Power Module, E2 Centers, and Plant Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Small modular reactor for reliable clean energy production
Hands-on training programs for SMR operations and research
Licensing, construction, and operations support for nuclear plants
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Funding Insights of NuScale Power
NuScale Power has successfully raised a total of $198.15M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $60.0M
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First Round
First Round
(31 Mar 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - NuScale Power | Valuation | Doosan Enerbility |
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| May, 2021 | Amount | Series C - NuScale Power | Valuation |
investors |
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| Apr, 2021 | Amount | Series C - NuScale Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NuScale Power
NuScale Power has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include IHI Corporation, DOE and JGC Holdings Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Development of solar and wind energy power projects is undertaken.
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Heavy machinery equipment including ships and jet engines is manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NuScale Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NuScale Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nuscale Power Comparisons
Competitors of NuScale Power
NuScale Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Newcleo, X Energy, Oklo, Westinghouse Electric and Radiant Nuclear, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Advanced nuclear reactors are designed, built, and operated by Newcleo.
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| domain | founded_year | HQ Location |
Small modular and high-temperature gas-cooled nuclear reactors are developed.
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| domain | founded_year | HQ Location |
Small modular reactors are developed for advanced nuclear energy solutions.
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| domain | founded_year | HQ Location |
Small modular reactors are developed for nuclear power applications.
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| domain | founded_year | HQ Location |
Designer of microreactor technology for power generation and industrial heat
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nuscale Power
Frequently Asked Questions about NuScale Power
When was NuScale Power founded?
NuScale Power was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is NuScale Power located?
NuScale Power is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of NuScale Power?
John L Hopkins is the current CEO of NuScale Power.
Is NuScale Power a funded company?
NuScale Power is a funded company, having raised a total of $198.15M across 10 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Mar 31, 2008.
How many employees does NuScale Power have?
As of Dec 31, 2024, the latest employee count at NuScale Power is 484.
What is the annual revenue of NuScale Power?
Annual revenue of NuScale Power is $37.05M as on Dec 31, 2024.
What does NuScale Power do?
NuScale Power was established in 2007 in Portland, United States, within the nuclear energy sector. Small modular reactors are designed and engineered by the company to enable flexible, factory-built nuclear power plants. Operations emphasize safety-certified technology for electricity production, with applications in utilities and remote sites. Leadership includes co-founder Jose N. Reyes and CEO John L. Hopkins, supporting global deployment efforts.
Who are the top competitors of NuScale Power?
NuScale Power's top competitors include Newcleo, X Energy and Radiant Nuclear.
What products or services does NuScale Power offer?
NuScale Power offers NuScale Power Module, E2 Centers, and Plant Services.
Is NuScale Power publicly traded?
Yes, NuScale Power is publicly traded on NYSE under the ticker symbol SMR.
Who are NuScale Power's investors?
NuScale Power has 8 investors. Key investors include IHI Corporation, DOE, JGC Holdings Corporation, Chubu Electric Power, and Fluor.
What is NuScale Power's ticker symbol?
The ticker symbol of NuScale Power is SMR on NYSE.
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