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Holtec deal & potential NuScale fallout
https://www.reuters.com/business/energy/holtec-gets-152-bln-loan-us-restart-nuclear-power-plant-2024-03-27/
From the CC, a couple of snippets from John Hopkins.
One way to understand SMR:
Nuclear power will be part of a diversified power supply grid, along with traditional turbine generators as well as wind and solar. The only way to quickly phase from fossil fuel and meet increased demand for energy.
https://www.nytimes.com/interactive/2024/03/13/climate/electric-power-climate-change.html
Thanks for the reminder.
Good luck.
CC Thursday March 14, 2024, at 5:00 p.m. ET.
NuScale Power CEO John L. Hopkins has impressive career experience, and seems a formidable force of intelligence, drive and influence.
https://www.nuscalepower.com/en/about/leadership
https://www.uschamber.com/about/governance/board-of-directors
#27 on US Chamber of Commerce list of Board of Directors
John L. Hopkins
Chairman and Chief Executive Officer
NuScale Power Corporation
Portland, OR
& Past Chair
https://www.uschamber.com/about/governance
John L. Hopkins is President and Chief Executive Officer of NuScale Power Corporation and has served as a member of the board of directors since December 2012. He also served as NuScale LLC's Executive Chairman from December 2012 to December 2021. In addition, Mr. Hopkins serves on the U.S. Chamber of Commerce Board of Directors in Washington, D.C., and served as the Chairman from June 2016 to June 2017.
Mr. Hopkins started his career at Fluor Corporation in 1989, held numerous leadership positions in both global operations and business development and served as a corporate officer from 1999 until 2012. Mr. Hopkins is active in a variety of professional and business organizations, and currently serves on the Executive Committee, Audit Committee and Compensation Committee of the United States Chamber of Commerce, Washington, D.C. and is a member of the Nuclear Energy Institute Executive Committee and Energy Task Force Member, Atlantic Council and the International Atomic Energy Agency’s Group of Vienna.
Mr. Hopkins has previously served with the U.S. Department of Energy’s Nuclear Energy Advisory Committee, was a Senior Energy Policy Advisor of I Squared Capital, New York, and has also served as the Senior Executive Member of both the Fluor Netherlands and Fluor United Kingdom board of directors, Chairman of the Board for Savannah River Nuclear Solutions, LLC and as a Director of the Business Council for International Understanding.
Mr. Hopkins holds a Bachelor of Business Administration degree in finance from the University of Texas at Austin. He also completed advanced management programs at the University of California, Irvine, Thunderbird University’s international management program.
It looks like US Congressional lawmakers are looking to address the regulatory expenses in getting an advanced nuclear reactor project like Small Modular Reactors to completion. This is good news for NuScale Power (SMR) and why we are seeing increased interest and volume.
https://www.deseret.com/2024/02/29/curtis-congress-advanced-nuclear-projects/
Rep. John Curtis, R-Utah, said the reforms are badly needed and testified in favor of the bill, which included components of some financial provisions he authored.
“The Advanced Nuclear Reactor Prize Act would authorize the secretary of energy to make targeted awards to cover fees assessed by the Nuclear Regulatory Commission for first technologies that are licensed and made operational in five unique categories. Awards under the bill cannot exceed total amounts expended by the eligible entity excluding other federal support,” he said.
Curtis added in a release that, “The costs and red tape associated with our permitting process are proving to be duplicative and ineffective. We need innovation in the nuclear space to ensure affordable, reliable and clean energy in our future and Congress must do more to ensure that can happen.”
The bill passed under suspension of the body’s rules.
Curtis is uniquely acquainted with the long process it takes to get an advanced nuclear project to fruition. His district includes municipal power producers that were part of the Carbon Free Power Project by NuScale and the Utah Associated Municipal Power Systems.
Volume up over the last two days and a buy rating with share price target of $4.25.
https://www.marketbeat.com/instant-alerts/nyse-smr-volume-advance-2024-03-05/
Good sign for the industry. Here's to the old adage, "any publicity is good publicity."
https://www.nytimes.com/2024/03/01/climate/nuclear-power-legislation-congress.html
yes, thank you, happy new year , 2024
Hoping 2024 brings some excitement around here for us investors. Best of luck in all you invest in.
SMR
NuScale Power Corporation
3.40
0.03 (0.89%)
Volume: 322,773
Day Range: 3.355 - 3.48
Last Trade Time: 10:41:28 AM EST
Total Trades: 2,220
Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Agree to Terminate the Carbon Free Power Project (CFPP)
Am I reading this right? ouch.
SMR | NuScale Power Corporation
Industrials | Specialty Industrial Machinery | USA | NYSE
https://interactive.nuscalepower.com/nuscale-entra1-partnership/p/1?utm_source=nuscalepower.com&utm_medium=home_carousel
oil & natural gas ????? NUSCALE is here
https://secretenergygrid.com/elon-b?_ef_transaction_id=&affid=46&oid=32&source_id=mbu4252553&sub5=te4678
recent news gives approval to do business
just getting intro here, interesting $SMR
SMR
NuScale Power Corporation
3.22
-0.32 (-9.04%)
Volume: 1,951,655
Day Range: 3.185 - 3.63
Last Trade Time: 7:59:58 PM EDT
Data Centers in Ohio and Pennsylvania
https://www.powermag.com/nuscale-gets-a-win-with-smrs-for-data-centers-in-ohio-and-pennsylvania/
NuScale Power to Host Analyst Day on October 6, 2023
https://www.nuscalepower.com/en/news/press-releases/2023/nuscale-power-to-host-analyst-day-on-october-6-2023
The Federal Register NuScale link:
https://www.federalregister.gov/documents/2023/08/04/2023-16679/nuscale-power-llc
Medium/Long Term Investment
LWA Submittal, an SMR First
https://www.powermag.com/two-big-nuclear-regulatory-milestones-for-idaho-nuscale-smr-project/
USNRC Accepts SMR SDA Application!
That's some real news!
Updated design will support a wider range of customers seeking clean energy through small modular nuclear reactors
Reliability Threats & SMR Benefits
“NuScale Power’s VOYGR™ small modular reactor power plant features a wide variety of attributes well suited to provide reliable, carbon-free energy, even during extreme weather events,” John Hopkins, NuScale’s president and CEO, said via email.
https://www.publicpower.org/periodical/article/rising-reliability-threats-underscore-benefits-small-modular-reactors
MOUs, Poland, Korea
Nucor/NuScale MOU
https://www.nuscalepower.com/en/news/press-releases/2023/nuscale-and-nucor-sign-mou-to-explore-using-smrs-to-power-electric-arc-furnace-steel-mills
Continuing to fill the sales pipeline.
Best of luck with your investments!
Doosan Enerbility & Export-Import Bank of Korea Agreement
Apr. 25, 2023 5:45 PM ET
During the President of the Republic of Korea’s visit to the United States, NuScale and its partners revealed a business development milestone, highlighting Global Supply Chain Development Opportunities
I am watching this one, and may add a position. Best of luck to all here.
UAMPS moves forward with NuScale
https://www.reuters.com/business/energy/western-us-cities-vote-move-ahead-with-novel-nuclear-power-plant-2023-02-28/
NPR Science Friday Podcast, feat. NuScale
https://www.sciencefriday.com/episodes/february-3-2023/
A good way to get the word out. Again, mid-long term investment.
Best of luck with your investments!
NRC is amending its regulations to certify the NuScale standard design for a small modular reactor.
https://www.federalregister.gov/documents/2023/01/19/2023-00729/nuscale-small-modular-reactor-design-certification
I assume this is for the 50 MWe (not the 77).
As a follow up to the SA bearish article, here are another couple of reports on the European push to nuclear.
1. https://www.lefigaro.fr/conjoncture/la-france-commence-l-annee-en-redevenant-exportatrice-d-electricite-selon-rte-20230110
France is now exporting electrical power due to a strong push to revitalize its parc
2. https://www.lefigaro.fr/societes/la-belgique-prolonge-de-dix-ans-deux-centrales-nucleaires-20230109
Belgium is renewing for at least 10 years its nuclear ambitions
3. https://world-nuclear-news.org/Articles/Poland-s-Respect-Energy-considers-deploying-French
Poland is looking at NuWard (French SMR) to decarbonize:
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