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Interesting bearish article on SA
I disagree with most of the article.
For example:
Customer Opportunity as of Jan 2023
For now, they have two commitments:
* UAMPS (Utah)
* RoPower (Romania)
I think the next one will be KGHM in Poland. After that, it's a bit less clear, so another 2 to identify from the list above.
The above slide also shows the global reach of NuScale. I would not be surprised if going abroad - with the help of the US DOE in some cases - would prove to the entire process and help greatly for the US market. Some countries, like eastern Europeans ones, need to wean off Russia oil&gaz. Those may accelerate once the concept keeps being proven by actual process milestones leading to full deployment and operations.
2023 Goals
If they do get the next 3 commitments this year, that will be a very big plus.
The SDA Application Approval (not the SDA approval) may take a while, some back and forth. That would be another big news. The process could then start for the SDA approval, which itself takes a couple of years and a lot more back and forth!
2022 Achievements
From the January2023 Investor Presentation:
https://www.nuscalepower.com/-/media/nuscale/pdf/investors/2023/investor-presentation-jan2023.pdf
Best of luck with your investments!
Moving project forward: BPF and DCRA update
Keeping commitments in the face of inflationary pressure on materials. That's another good news here.
Carbon Free Power Project’s Project Management Committee passes resolution to move the Project forward on schedule
Romania 1st SMR Contract for Phase 1 of Front-End Engineering and Design Work
That's a milestone. Lots of work needed to happen before the Phase 1 contract. NuScale is starting the year on a strong note.
NuScale Secures RoPower as the Company’s Second Committed Customer
(2nd) Standard Design Approval Application Submittal
I was expecting this submittal in December 2022, it was submitted on January 1, 2023. I do like companies meeting their planned deadlines. This submittal is far from simple. The NRC is known for its thoroughness, and NuScale already went through the rigorous process for their first Standard Design (the 50 MWe module). This one is for a more powerful (77 MWe module ).
Bought another $10.26 slice today
Best of luck with your investments!
Standard Plant Design Project Completed!
Shell/NuScale on Hydrogen Production
Shell and NuScale to use nuclear power to make hydrogen
Research project would put hydrogen facility at modular NuScale plant
Contracts with Framatome
Framatome is a well known, large company in Nuclear. That's a great partnership!
Contracts include important design and future fabrication activities, critical to NuScale’s small modular reactor (SMR) technology delivery
Great Credit Suisse Nuclear Technology Panel
https://enlivenstream.com/75473715/
When those guys talk, they make so much sense. I know most of the story, but the NuScale and TerraPower speakers really bring it home.
Best of luck with your investments!
Design draft application has several ‘significant’ issues, NRC staff says
https://www.utilitydive.com/news/nrc-nuscale-smr-small-modular-application-utah-uamps/637456/
SMR Nuclear Waste comparable to 'Traditional' PWRs/LWRs
https://www.anl.gov/article/argonne-releases-small-modular-reactor-waste-analysis-report
SMR Nuclear Waste comparable to 'Traditional' PWRs/LWRs
https://www.anl.gov/article/argonne-releases-small-modular-reactor-waste-analysis-report
Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains
https://www.utilitydive.com/news/nuscale-nuclear-reactor-smr-uamps-rising-steel-prices-interest-rates/636619/
UN 24/7 Carbon-Free Energy Compact
https://ir.nuscalepower.com/news/news-details/2022/NuScale-Power-Joins-the-United-Nations-247-Carbon-Free-Energy-Compact/default.aspx
https://www.un.org/en/energy-compacts/page/compact-247-carbon-free-energy
E2 Center Training Future NuScale Workers
https://www.isu.edu/news/2022-fall/nuscale-power-llc-and-idaho-state-university-open-energy-exploration-center.html
That's in Idaho. NuScale is also setting another site (Romania I think) so that in Europe, future NuScale workers will be ready to go with future plants.
Long lead materials ... and workers.
Best of luck with your investments!
Earnings Call: Coal Refurbishment->Nuclear!
SMRs are starting to show up on YouTube/social media.
Here is a recent one:
Ukraine, SMR, COP 27, Kerry
https://www.state.gov/special-presidential-envoy-for-climate-kerry-and-ukraine-minister-of-energy-galushchenko-announce-cooperation-on-a-clean-fuels-from-small-modular-reactors-pilot-cop27-climate-conference/
2022 Q3 PDF
https://s29.q4cdn.com/251742275/files/doc_financials/2022/q3/NuScale-Earnings-Deck-Q3-FINAL-v2.pdf
Best of luck with your investments!
Ample cash for several years of commercialization and deployment.
From the June 23, 2022 JP Morgan Transcripts
https://s29.q4cdn.com/251742275/files/doc_downloads/2022/06/SMR-at-the-J.P.-Morgan-Energy-Power-Renewables-Conference-Transcript.pdf
Q2 2022 CC; Goals, Pipeline
From the Aug. 10th call, John Hopkins:
#SV: Merger with NuScale Power, LLC ("NuScale LLC") (the "Merger"),
The decision to list on the NYSE was made in consideration of the Merger and enables the post-business combination company,
https://www.marketscreener.com/quote/stock/SPRING-VALLEY-ACQUISITION-116353448/news/Spring-Valley-Acquisition-Announces-Delisting-of-its-Securities-Effective-and-Conditional-Upon-Con-40126618/
Dallas, Texas, April 22, 2022 -
Spring Valley Acquisition Corp. (NASDAQ: "SV") ("Spring Valley" or the "Company") announced today that, subject to, among other things, fulfillment of all applicable listing requirements and satisfaction of other customary closing conditions of its pending merger with NuScale Power, LLC ("NuScale LLC") (the "Merger"), Spring Valley intends to voluntarily delist all of its securities from The Nasdaq Capital Market ("Nasdaq"), including each of Spring Valley's units, public shares and public warrants currently listed on Nasdaq under the ticker symbols "SVSVU," "SV" and "SVSVW," respectively, and that Spring Valley intends to list its post-Merger Class A common stock and warrants on the New York Stock Exchange (the "NYSE") under the ticker symbols "SMR" and "SMR WS," respectively. The decision to list on the NYSE was made in consideration of the Merger and enables the post-business combination company, NuScale Power Corporation, to be listed alongside comparable companies that are also listed on the NYSE. Trading is currently expected to begin on the NYSE on or about May 3, 2022 following the consummation of the transactions contemplated by the Merger, which is expected to occur on or about May 2, 2022, subject to satisfaction of customary closing conditions. Until the Merger is complete, Spring Valley's units, public shares and public warrants will continue to trade under the ticker symbols "SVSVU," "SV" and "SVSVW," respectively, on Nasdaq. The NYSE listing and Nasdaq delisting are subject to the closing of the Merger and fulfillment of all NYSE listing requirements. Spring Valley expects the last day of trading on Nasdaq to be on or about May 2, 2022, subject to satisfaction of customary closing conditions.
As previously announced, the extraordinary general meeting will be held at 10:00 a.m., Central Time, on April 28, 2022, at the offices of Kirkland & Ellis LLP located at 609 Main Street, Suite 4700, Houston, TX 77002, and via a virtual meeting at https://www.cstproxy.com/svac/2022, unless the extraordinary general meeting is adjourned. Spring Valley shareholders and other interested parties may obtain free copies of the definitive proxy statement/prospectus and other documents filed with the SEC by Spring Valley through the website maintained by the SEC at http://www.sec.gov or by directing a request to: Spring Valley Acquisition Corp., 2100 McKinney Ave, Suite 1675, Dallas, TX 75201 or (214) 308-5230.
About NuScale
NuScale is poised to meet the diverse energy needs of customers across the world. It has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. The groundbreaking NuScale Power Module™, a small, safe pressurized water reactor, can generate 77 MWe of electricity and can be scaled to meet customer needs. The VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) and other configurations based on customer needs. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement and construction company with a 70-year history in commercial nuclear power.
NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power and Instagram: nuscale_power. Visit NuScale's website.
About Spring Valley Acquisition Corp.
Spring Valley Acquisition Corp. (NASDAQ: SV) is a special purpose acquisition company formed for the purpose of entering into a merger or similar business combination with one or more businesses or entities focusing on sustainability, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. Spring Valley's sponsor is supported by Pearl Energy Investment Management, LLC, a Dallas, Texas based investment firm that focuses on partnering with best-in-class management teams to invest in the North American energy industry.
Forward Looking Statements
This release may contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Such forward-looking statements include, but are not limited to, information concerning the timing and anticipated results of the proposed Business Combination. Actual results may differ materially as a result of a number of factors, including those factors discussed in Spring Valley's final prospectus dated November 25, 2020 and in the Registration Statement under the heading "Risk Factors," and other documents Spring Valley has filed, or will file, with the SEC. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale's results may differ materially from its expectations and projections. While Spring Valley and NuScale may elect to update these forward-looking statements at some point in the future, Spring Valley and NuScale specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley's and NuScale's assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed transactions, Spring Valley has filed a registration statement on Form S-4 with the SEC, which includes a proxy statement/prospectus and certain other related documents, which will be distributed to holders of Spring Valley's Class A ordinary shares in connection with Spring Valley's solicitation of proxies for the vote by the Spring Valley shareholders with respect to the proposed transactions and other matters as described in the proxy statement/prospectus. Spring Valley mailed a definitive proxy statement/prospectus to the Spring Valley shareholders as of the record date established in connection with Spring Valley's solicitation of proxies for the vote on the proposed transactions and other matters to be presented at the special meeting of Spring Valley shareholders. Spring Valley shareholders and other interested parties are urged to read the definitive proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Spring Valley, NuScale and the proposed transactions. Spring Valley shareholders and other interested parties may obtain free copies of the definitive proxy statement/prospectus and other documents filed with the SEC by Spring Valley through the website maintained by the SEC at http://www.sec.gov or by directing a request to: Spring Valley Acquisition Corp., 2100 McKinney Ave, Suite 1675, Dallas, TX 75201 or (214) 308-5230.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Contacts
Spring Valley Acquisition Corp.:
www.sv-ac.com
Robert Kaplan
Investors@sv-ac.com
Investor inquiries:
Gary Dvorchak, The Blueshirt Group for NuScale
ir@nuscalepower.com
Media inquiries:
Diane Hughes, NuScale
#SV: AeroFarms, the World Leader in Indoor Vertical Farming, to Become Publicly Traded Company through Combination with Spring Valley Acquisition Corp $9.23
https://aerofarms.blueoceantech.us/investors/
https://sv-ac.com/
NuScale and Dairyland Power Cooperative Announce Collaboration to Explore the Deployment of NuScale’s Advanced Small Modular Reactor Technology
Further solidifying the key role that advanced nuclear energy technology will have in the clean energy transition, NuScale and Dairyland Power agree to work together to explore safe, clean and cost-effective energy solutions for the future
February 24, 2022 06:50 AM Eastern Standard Time
https://www.businesswire.com/news/home/20220224005292/en/NuScale-and-Dairyland-Power-Cooperative-Announce-Collaboration-to-Explore-the-Deployment-of-NuScale%E2%80%99s-Advanced-Small-Modular-Reactor-Technology/
PORTLAND, Ore.--(BUSINESS WIRE)--Today, NuScale Power and Dairyland Power Cooperative announced the signing of a memorandum of understanding (MOU) to evaluate the potential deployment of NuScale’s advanced nuclear technology.
“This agreement provides Dairyland an opportunity to explore this technology and evaluate whether it might be a viable long-term alternative to provide our members with safe, reliable and cost-effective electricity in a lower carbon future.”
Headquartered in La Crosse, Wisconsin, Dairyland is a generation and transmission cooperative providing the wholesale electrical requirements for 24 distribution cooperatives and 17 municipal utilities, supplying the energy for more than a half-million people in four states (Wisconsin, Minnesota, Iowa and Illinois).
Under this MOU, the two parties will work together to explore NuScale’s small modular reactor technology and support Dairyland’s due diligence process in evaluating affordable, reliable and carbon-free energy solutions.
In support of Dairyland’s existing portfolio, NuScale’s VOYGRTM power plants are flexible and able to perform load following maneuvers to meet grid capacity needs due to the intermittency of wind, solar, and hydro generation, facilitating the growth of renewables. Additionally, NuScale’s technology is particularly well-suited for placement at retiring coal plant sites, preserving critical jobs in the energy industry and helping host communities facilitate the transition to a decarbonized energy system.
“NuScale is thrilled to partner with an environmentally-focused, forward-thinking organization like Dairyland,” said John Hopkins, NuScale Power President and Chief Executive Officer. “Our advanced technology can deliver safe, affordable, and green energy making NuScale the ideal partner to help Dairyland execute their vision to grow, innovate, and deliver value as a premier member-driven energy cooperative.”
“Dairyland is examining carbon-free power supply technologies including NuScale’s small modular reactor nuclear plants,” said Brent Ridge, Dairyland President and CEO. “This agreement provides Dairyland an opportunity to explore this technology and evaluate whether it might be a viable long-term alternative to provide our members with safe, reliable and cost-effective electricity in a lower carbon future.”
About NuScale Power
NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor (SMR) technology is offered in scalable sizes, including a VOYGR™-12 power plant, which includes 12 (77 MWe) NuScale Power Modules™ (NPM), using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale also offers smaller power plant solutions, the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe), though others will be possible. With an array of flexible power options, NuScale is poised to meet the diverse energy needs of customers across the world. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting nuclear projects.
NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power's website.
On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, NuScale will become publicly traded under the new ticker symbol “SMR.” Additional information about the transaction can be viewed here: https://www.nuscalepower.com/about-us/investors
About Dairyland Power Cooperative: www.dairylandpower.com
https://finance.yahoo.com/news/aerofarms-spring-valley-acquisition-corp-120000855.html
DALLAS, October 14, 2021--Dream Holdings, Inc. ("AeroFarms"), a certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition Co...
They will get the additional funds.
ARFM
I can't wait to get in here! Aeroponics is key here, along with the already existing funding and cash flow. Funding in this sector is hard to get rn. But they are already well established.
https://www.thepacker.com/news/packer-tech/aerofarms-and-nokia-partner-artificial-intelligence-plant-vision
Vertical aeroponics is the future.
Excited to be getting in here! Agtech is gonna fly next few decades!
https://www.greenbiz.com/article/aerofarms-trying-cultivate-future-vertical-farming
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