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NuScale’s Small Nuclear Reactors (SMRs) to go public with the dodgy Special Purpose Acquisition Company System

US nuclear reactor company NuScale to go public via SPAC,, 30 Dec 21,
 NuScale Power announced plans to go public in a merger with blank cheque company Spring Valley Acquisition earlier this month, highlighting the growing area of small nuclear power reactors…….      So far, NuScale is the first and only company to design a SMR that received approval from the US Nuclear Regulatory Commission, according to the company’s presentation to investors…….

Going public

The deal values NuScale at $1.9bn, which implies a four-times multiple over its 2026 estimated EBITDA, CEO of Spring Valley Acquisition Chris Sorrells said in a call with investors.

The merger is expected to close in 2022 and will make NuScale a public company that trades on the Nasdaq under the ticker “SVIIU.”

The company has yet to produce revenue but estimates that once it’s incorporated, the company can begin producing around $16m in revenue next year and boost that to $13.1bn by 2030, according to the presentation.

NuScale was formed in 2007 when Oregon State University (OSU) granted exclusive rights to the core SMR technology patents. OSU maintains an interest in the company due to the technology transfer agreement.

Other companies that have invested in NuScale include Samsung’s construction subsidiary, Japanese engineering company JGC Holdings and Doosan Heavy Industries and Construction……

One of the first customers of NuScale’s technology will be Utah Associated Municipal Power Systems, which is expected to deploy a new plant in Idaho by 2029 for its Carbon Free Power Project.

Just last month, Romania’s state-owned electric utility service SN Nuclearelectrica signed an agreement to advance the deployment of NuScale’s technology in the country as early as 2027–2028.

December 30, 2021 - Posted by | business and costs, Small Modular Nuclear Reactors

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