Not Now, VOYGR

Further, while the company posted $75,000 in revenue for a single quarter in 2026, its expenses for that same time period were more than $64 million.
NuScale’s early majority owner, Fluor Corporation — a company deeply involved in the US nuclear weapons complex — sold all of its 126 million shares in NuScale between October 2025 and April 2026, reaping $2.43 billion in gross proceeds.
NuScale’s foundering flagship could sink without leaving port, writes Linda Pentz Gunter
by beyondnuclearinternational, https://beyondnuclearinternational.org/2026/10/11/not-now-voygr/
As most of us immersed in the nuclear issue know well, there is little else so far that quite so starkly illustrates the fool’s errand that is the stubborn pursuit of small modular reactors than the sorry tale of NuScale.
As dramas go, it’s hard to know whether to list it under tragedies or comedies.
Founded in 2007 as a project at Oregon State University, NuScale announced around 2013 that it had established a demonstration SMR project in partnership with the Utah Associated Municipal Power Systems and Energy Northwest, a consortium of publicly-owned utilities across seven states that would purchase shares in the power to be delivered by 12 50 megawatt (MW) reactors built at Idaho National Laboratory and expected to be completed by 2030.
By the time the whole scheme collapsed in 2023, with construction costs ballooning from an estimated $3 billion to $9.3 billion, its customers were running for the exits. By then, NuScale had sold just a 21% share of its planned electricity output, and the costs for that electricity had risen from an expected $58 a megawatt hour (MWh) to $89 MWh.
At the eleventh hour, NuScale had quickly scaled the project down to six 77MW reactors — known as VOYGR — but it was too late. Instead, the company had spent sixteen years and at least $800 million and had nothing to show for it. Its shares promptly plummeted by 37%.
The United States’s widely proclaimed “flagship” SMR project had sunk in choppy seas without even leaving port.
But now, NuScale is back with its 77MW VOYGR reactor, which, according to NuScale’s website, represents “America’s first small modular reactor” and is “the only SMR on the market that has begun factory production for first modules.”
It has begun production on reactor components, but what the company doesn’t tell you about those components for “America’s first small modular reactor” is that they are being manufactured at a factory in South Korea. So much for the jobs argument. (NuScale also laid off 154 members of its US workforce after the 2023 collapse.)
The VOYGR is still curiously described as a “flagship”, even though there is now a veritable fleet of wannabe SMR designs desperately searching for customers. Technologically, it is not particularly “new” or “advanced.” It is effectively just a scaled down version of the existing pressurized water reactor technology in use today, those being typically sized at around 1,000MW.
But investors still aren’t excited. NuScale was one of the stocks that recently got shorted (See The Big Small Modular Reactor Short) and financial advisors such as Motley Fool caution that “most investors will probably be better off waiting until NuScale Power has at least signed a definitive contract for one of its SMRs.”
Further, while the company posted $75,000 in revenue for a single quarter in 2026, its expenses for that same time period were more than $64 million.
NuScale’s early majority owner, Fluor Corporation — a company deeply involved in the US nuclear weapons complex — sold all of its 126 million shares in NuScale between October 2025 and April 2026, reaping $2.43 billion in gross proceeds.
Fluor emains in place as an engineering contractor. However, Fluor’s departure as an investor — albeit a windfall for them —is not such great news for NuScale, as it continues to burn through money while seeking new capital sources.
Not only are VOYGR parts being made overseas, NuScale is also looking primarily at the export market for sales, because domestic deployment is not on the immediate or even potentially longterm horizon. Instead, NuScale is eyeing markets in Poland and Romania although it does have a technology agreement with Standard Power to develop two SMR-powered facilities in Ohio. However, these, as with many small modular reactor schemes, are specifically meant to power data center operations there.
This serves as a reminder that the general public will not be aboard the VOYGR. The fixed-price power purchase agreements that NuScale is securing from hyperscale data center operators “are providing the bankable demand certainty required to stimulate new manufacturing investment,” says Enkiai, a San Francisco-based market analysis platform.

The unveiling of the artist’s rendition of the “new” VOYGR (see image above) is similar to the original overly romanticized drawing for the first VOYGR . Both feature a benign looking set of buildings in a bucolic setting, miles from anywhere, including from reality.
But since the VOYGR is actually intended to power AI data centers in likely far more built-up areas, I thought I’d ask AI itself what it thought of the prospects for NuScale’s foundering flagship?
“NuScale’s VOYGR small modular reactor faces severe economic and design hurdles that make commercial operation highly improbable under current market conditions,” it replied.
Alternatively, it could have exercised a little wit along with brevity and answered simply: “Not Now, VOYGR.”
Linda Pentz Gunter is the Executive Director of Beyond Nuclear and writes for and edits Beyond Nuclear International. She is the author of the book, No To Nuclear. Why Nuclear Power Destroys Lives, Derails Climate Progress And Provokes War, published by Pluto Press. Any opinions are her own.
Note: Now, Voyager was a film starring Bette Davis. The last line is “Oh, Jerry, don’t let’s ask for the moon. We have the stars.”
Putin’s Strong Message to Europe at the Valdai Club: Stop the March Towards War

If Russia is weak and having military difficulties, if Putin is intimidated, if NATO is considerably stronger and if there is no immediate threat of a Russian attack, then why is European public opinion always being prepared for a major war?
Europe should therefore pose itself a simple question: is Russia really about to attack NATO — or is Europe preparing for a war that its own rhetoric is helping to make it more plausible?
Ricardo Martins, New Eastern Outlook, October 09, 2026
As NATO Secretary General Mark Rutte and European leaders increasingly warn of a looming Russian threat, Vladimir Putin used the Valdai Discussion Club to deliver a very different message: Europe is feeding an escalation spiral it may no longer be able to control.
Europe is being told to prepare for war, and the rearmament is being crafted as an economic and political project in itself. Europe is manufacturing a permanent war psychology while simultaneously insisting that Russia poses no imminent military threat.
Mark Rutte, the Secretary General of NATO, has on several occasions told that Russia might at some point launch an attack on NATO territory. The European governments are currently considering matters relating to hybrid attacks which can result in a large number of casualties, the establishment of new security arrangements and how to deal with a major confrontation with Moscow. The tone being used is becoming more and more dramatic, alongside unprecedented defence spending record levels.
With this background in mind, Vladimir Putin gave his reply at the Valdai Discussion Club.
His view was not that war was certain, rather it was the opposite—he advocated stopping the escalation before war became irreversible.
Putin’s argument is that Europe is trapped in a dangerous cycle in which military exercises, sanctions, weapons deliveries, threats and counter-threats are producing precisely the escalation that European governments claim they want to prevent.
This clear message is even more evident in what he said regarding Kaliningrad.
Rutte’s Russia narrative: threat, fear and rearmament
Mark Rutte is now one of the most prominent voices in Europe when warning about Russia.
In June 2025 he famously said to the Europeans: “You should learn to speak Russian or spend more on defence”, on the grounds that the possibility of future Russian aggression would mean a need for considerably increased defence spending over cuts on social security and pensions. He then warned that Russia might be ready to use military force against NATO within five years and, more recently, has spoken of Russia “testing us throughout Europe” as well as accusing Moscow of carrying out hybrid attacks, sabotage and attempts to split up the Alliance.
There is an extraordinary contradiction in Rutte’s most recent rhetoric.
On 30 September he stated that Putin was “a bit worried and a bit rattled” since the situation in Ukraine was supposedly not progressing well. He stressed that “Putin is not winning this” and claimed that Putin could never defeat NATO. At the same time, however, Rutte admitted that there was no immediate threat to NATO territory.
Then what is Europe actually getting ready for?
If Russia is weak and having military difficulties, if Putin is intimidated, if NATO is considerably stronger and if there is no immediate threat of a Russian attack, then why is European public opinion always being prepared for a major war?
It is worth posing that question.
The European public is being asked to agree to increased military spending, which could mean cutting back on social priorities, while at the same time a continuous state of insecurity is being fostered concerning Russia. The political message is remarkably consistent in telling people to spend more, to arm more and to get ready more – because Russia might launch an attack.
Fear is a highly effective political tool.
The issue is that fear may also come true on its own.
Putin’s warning over Kaliningrad
When asked about the increasingly aggressive rhetoric concerning Kaliningrad, Putin was especially straightforward.
He denied the notion that Russia was attempting to intimidate Europe, stating that Moscow’s warning was in fact ‘a response to an attempt to intimidate us‘.
He specifically referred to the European statements concerning preparations for a possible war with Russia in 2029 or 2030, the NATO exercises in the Baltic region, and the attempts to detain Russian vessels.
His argument is that this constitutes an escalation, and he gave a warning that was remarkably serious.
According to Putin, if Kaliningrad were the object of a direct attack or blockade, Russia would have to consider putting into use “all the forces and means at our disposal”. He made it clear that this was not necessarily a threat to employ nuclear weapons, but rather an assertion that Russia would make use of whatever measures it regarded as necessary for its defence.
It is exactly the kind of statement which European governments should take seriously — not since it is certain that Russia intends to attack Europe, but because a military confrontation between nuclear powers leaves little room for miscalculation.
The main thing that Putin warned about was an escalation.
His analogy was in the form of a spiral since provocative actions led to countermeasures, these countermeasures in turn caused further escalation, and eventually the process could get to a stage at which no one was completely in control.
That is the true danger.
What is the reason why Europe needs Russia to be its permanent enemy?
Putin’s more general explanation extends beyond Ukraine.
He contends that Europe has never really settled the security arrangements that followed the end of the Cold War. Rather than establishing a true pan-European security structure, NATO extended itself eastward and as a result Russia became increasingly excluded from the European security system.
He referred to Egon Bahr, the late German Social Democrat, who in 1990 had warned that if the division of Europe into hostile blocs was not overcome the Soviet Union would be isolated and a highly unfavourable future would result.
For Putin, Bahr’s warning was foretelling.
He also looked at how relations declined during NATO’s intervention in Yugoslavia, as a result of NATO’s enlargement, the changes that took place after the breakup of the Soviet Union and finally in the case of Ukraine. Even if one does not agree with this view, it does show a consistent way of understanding the past three decades from the Russian perspective: Russia has on numerous occasions sought integration with the West, found that this was not desired, and has in the end come to the conclusion that the European order that emerged after the Cold War was designed against Russia.
That is the reason why the message that Putin gave at Valdai was not merely about Ukraine. The main topic was the future of Europe.
Europe’s war preparation may be hiding a deeper crisis………………………………………………………………..
Putin’s answer: the world is changing
The most important aspect of Putin’s speech at Valdai was not Ukraine. It was his conception of the future international order.
Putin stated that the world is moving from Western hegemony towards a multipolar international system and that this transformation is inevitable, adding that the former hegemony would eventually have to acknowledge the reality of a world in which Asia, Africa, Latin America, the Middle East and other centres of power demand a greater role.
This is the point at which Europe must make its real strategic choice.
It can continue to base its security mainly on NATO, move ever more closely in line with Washington’s strategic priorities and regard Russia as a permanent adversary.
Alternatively, it could try to regain what Europe once said that it stood for: strategic autonomy, diplomacy, and the ability to build bridges between opposing powers.
Putin’s vision is not the kind of vision held by liberals in Europe. It does not have to be one that Europeans accept without question. It is rather a vision of a world which is no longer arranged around a single dominant centre, and Europe will not be able to stop this transformation.
The choice Europe still has
The Valdai speech concluded with a warning which should be heard well beyond Moscow.
The greater the extent to which the confrontation becomes uncompromising and the more openly the strategic defeat of an opponent is declared, the more likely it is that the conflict will reach its most dangerous stage. He cautions against arrogance, overconfidence and the uncontrolled escalation of reciprocal responses.
This is no appeal for Europe to give in. It is a plea to acknowledge the consequences of confrontation.
Europe should therefore pose itself a simple question: is Russia really about to attack NATO — or is Europe preparing for a war that its own rhetoric is helping to make it more plausible?
Rutte states that there is no immediate Russian attack that NATO is much stronger, and that Putin is intimidated and that Russia is having difficulties.
Then why the hysteria? Why the permanent mobilisation? Why the preparation for a war that nobody claims is imminent?
At Valdai, Putin made it clear that the world is changing, that multipolarity is inevitable, and that military escalation is not a replacement for diplomacy.
Although Europe may reject Putin’s worldview, but it cannot ignore his warning. Because the greatest danger is not necessarily that Russia wants a war with Europe. It may be that, after years of escalating rhetoric, Europe forgets how to prevent one. https://journal-neo.su/2026/10/09/putins-strong-message-to-europe-at-the-valdai-club-stop-the-march-towards-war/
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Deep Fission, Inc. – FISN

Pomerantz LLP, Oct 08, 2026,
NEW YORK, Oct. 8, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Deep Fission, Inc. (“Deep Fission” or the “Company”) (NASDAQ: FISN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Deep Fission and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around June 18, 2026, Deep Fission conducted its initial public offering (“IPO”), selling 2.5 million shares of stock priced at $16.00 per share. Then, on September 26, 2026, Iceberg Research published a short report asserting that the Company’s underground borehole reactor technology was overhyped and unlikely to achieve commercial viability.
Following publication of the Iceberg Research report, Deep Fission’s stock price fell $0.85 per share, or 10.9%, to close at $6.95 per share on September 24, 2026………..
https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-deep-fission-inc—fisn-302902126.html
Nuclear war and malicious use of AI threaten end of humanity by 2100, says Lancet assessment

Newly established commission identifies 17 catastrophic
threats to human health but says ‘realistic route to act’ on each exists.
Humans could become extinct by the year 2100 due to malicious use of AI or
nuclear conflict, according to a new global risk assessment. They top a
list of 17 major threats to human health over the next 75 years, which also
includes cuts to aid spending by wealthy countries, the climate crisis and
childhood malnutrition. The experts behind The Lancet Commission on 21st
Century Global Threats to Health said all the threats interact, meaning
they must be addressed together – but stressed that there was “a
realistic route to act” on each.
Guardian 11th Oct 2026,
https://www.theguardian.com/global-development/2026/oct/11/nuclear-war-and-malicious-use-of-ai-threaten-end-of-humanity-by-2100-says-lancet-assessment
Guam Grapples With Pollution As US Military Keeps Expanding
To people who live in Guam, the ongoing Pentagon buildup in the Pacific offers a warning.
Honolulu Civil Beat, By Grist, October 12, 2026
This story by Anita Hofschneider was originally published by Grist and was published in partnership with The Intercept.
Leevin Camacho was brushing his teeth one day last fall when his mother called. The water is contaminated, she said. Moments later she texted him a photo of a flyer issued by the local water authority. “Cancer risk,” it warned. “Increased likelihood of adverse impacts on the liver.” And in bold capital letters, “DO NOT DRINK.”
Camacho stared at the message. Water flowed from the faucets as his children, who were 10 and 12, gulped and spit, their faces reflected in the mirrors above the two bathroom sinks.
Thumbing at his phone, Camacho googled dieldrin. The results included words like “organochlorine” and “insecticide” and “persistent environmental pollutant” that the United States had banned in 1987. Worse, high levels had been detected in his community’s water since at least 2008. “Our kids have been drinking the water,” he realized. “They’ve been cooking with the water for almost their entire lives at this point.”
Today, Guam sits at the center of an ongoing military buildup, one that is reshaping the island even as it spreads across the Pacific. On Yap, more than 1,000 graves could be disturbed to make way for an American seaport and airfield. Indigenous leaders on Palau are suing to protect their lands. Less visible but just as impactful are the climate impacts of this expansion. The Pentagon is already the world’s largest institutional emitter of greenhouse gases, and its buildup will do more than contribute to the destruction of the region’s reefs, forests, and Indigenous sacred sites. It will accelerate the climate crisis that threatens the survival of Pacific islands.
To people who live in Guam, the ongoing Pentagon buildup in the Pacific offers a warning
Camacho lives in Yigo, a northern village on the island of Guam. In time, he would learn that the U.S. Air Force base next to the well serving his house had reported “very high levels” of the pesticide, which it had listed as a “chemical of concern” since at least 1993. The Pentagon’s investigation, led by officials at Joint Region Marianas, is in its early stages. Local officials caution that although they suspect the base is a source of the pollution, there may be others because dieldrin was once widely used.
For Camacho, the news felt like the unfolding of a familiar story — one both predictable and infuriating.
Camacho had grown up as an Army brat, raised to think of the United States as Guam’s liberator from Japan during World War II. But over the past two decades, his understanding of that legacy has changed.
“There are certain actions that the military takes that are contrary to the interests of the people who are from Guam and who live in Guam,” said Camacho, whose measured tone rarely changes, even when discussing something as emotional as what his children have been drinking.
To Camacho, dieldrin is the latest reminder that the people of Guam continue to bear the costs of militarization. Unexploded ordnance litters jungles and lagoons. PCBs contaminate the fish. Pollutants taint the groundwater. The island and its people, who are U.S. citizens, have been inalterably changed by more than a century of American military presence.
Rear Admiral Brett Mietus, the head of Joint Region Marianas, the U.S. Navy’s regional command for Guam and neighboring islands, said he can’t speak to past pollution but the command is committed to protecting the environment and the people of Guam.
“We spend a lot of time and we spend a lot of money making sure that we meet every U.S. regulation when it comes to anything that we’re going to do here,” he told Grist. “We’re meeting every letter of every law for environmental regulations and rules, and we’re doing that while we’re spending a ton of money to defend this island from the most advanced missiles in the world.”………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….
To Flores, more military presence on Guam heightens the risk of war. In March, President Donald Trump’s decision to bomb Iran prompted military bases on the island to raise their threat level. She feels that, as in World War II, the Indigenous people of Guam are expendable in a broader contest between empires. “What are they really here to protect if there’s so much harm taking place? Are we just collateral damage?” she said. “Because just looking at our history of being occupied by war, being used for weapons testing, it feels like the message is that we don’t matter. Our future doesn’t matter. Our survival doesn’t matter.”……………………………………………………………………………………………………………………………………………………………………………………………………………………..
“We’re faced with the reality that we’re part of a larger strategic vision,” conference organizer and former Guam congressman Robert Underwood said. “All of you are in someone’s strategic plans whether you know it or not, whether you like it or not. All of us are in someone’s strategic plan.”
In Palau, Indigenous people are fighting the Pentagon’s expansion in local courts and international forums. Leaders of Angaur, one of 16 states there, filed a lawsuit accusing the U.S. of violating environmental rules and its treaty with the island nation when it cleared land for a radar facility. Indigenous chiefs from Peleliu are suing to prevent a land transfer that would support American goals. Indigenous Palauan youth filed a complaint at the United Nations alleging the U.S. military violated their right to free, prior, and informed consent to what happens on their land…………………………………………………………………………………………………………………………………………………………….
A Plebiscite On Guam’s Status?
…………………….Camacho wants a plebiscite to determine Guam’s political status. He believes the island’s status as a U.S. territory — without a vote for president or voting representation in Congress — isn’t working………………………………………………………………………………………………..https://www.civilbeat.org/?p=1814370&utm_source=Civil+Beat+Master+List&utm_campaign=4226d57df6-EMAIL_CAMPAIGN_2025_05_12_05_31_COPY_01&utm_medium
Rosatom and Finland’s Fennovoima claim different wins after tribunal ruling

By Reuters,Reporting by Anastasia Lyrchikova, Additional reporting and writing by Alessandra Prentice Editing by Ros Russell, Alexandra Hudosn October 11, 2026,
https://www.reuters.com/business/energy/rosatom-says-it-wins-tribunal-ruling-finnish-nuclear-plant-dispute-2026-10-10/
– Russia’s state nuclear corporation Rosatom and Finnish utility Fennovoima each highlighted different parts of an International Chamber of Commerce (ICC) tribunal ruling as favourable on Saturday, in a long-running dispute over the cancelled Hanhikivi-1 nuclear power project.
The parties have been locked in legal disputes since Fennovoima scrapped the 7-billion-euro ($7.8 billion) project in May 2022, citing significant delays and political risks shortly after Russia launched its conflict in Ukraine.
Rosatom said the tribunal found that Fennovoima had unlawfully terminated the contract for the construction of the planned plant in northern Finland.
“Today’s victory is important, but not final. We will continue to prove that we are right regarding the Finnish project in courts of various instances,” Rosatom Director General Alexey Likhachev said in a statement, which did not refer to any financial outcome.
Fennovoima said the tribunal found that it had not been entitled to terminate the contract, but that it was entitled to receive reimbursements of advance payments and interest in excess of 1 billion euros ($1.12 billion).
It said the tribunal offset both sides’ claims, resulting in Rosatom subsidiaries being ordered to pay Fennovoima a net 606 million euros plus interest.
The ICC did not immediately respond to a request for comment.
The contract to build the 1.2 gigawatt plant was signed in 2013 with Fennovoima, a consortium in which Finnish stakeholders including Fortum, Outokumpu and SSAB originally controlled two thirds through a joint venture, and the Russian side held one third.
After the project’s termination, Fennovoima wound down its operations and is primarily engaged in legal proceedings.
War puts Iran’s nuclear ambiguity under scrutiny
A revisionist argument is emerging in Tehran over Iran’s nuclear strategy:
that its longstanding policy of nuclear ambiguity failed its most important
test when it did not deter the United States and Israel from attacking, and
should now be reconsidered. Nezamoddin Mousavi, a former conservative
lawmaker with longstanding ties to the Islamic Revolutionary Guard Corps
(IRGC), gave unusually explicit expression to that argument this week,
declaring that “nuclear ambiguity did not prevent war” and raising the
prospect of revisiting Iran’s nuclear doctrine and even its membership in
the Nuclear Non-Proliferation Treaty (NPT).
Iran International 10th Oct 2026,
https://www.iranintl.com/en/202610106118
Underground nuclear reactor clears hurdle, but critics say it doesn’t have solid finances

Deep Fission, the company planning a one-mile underground nuclear reactor
in Parsons, Kansas, has passed a regulatory milestone, but at the same time
is facing new financial questions. A financial research organization has
raised questions about the viability of the project.
Then, four stockholder
rights law firms throughout the U.S. launched investigations of the company
after its share price dropped. The progress and challenges could mean an
unclear path forward for the project. Deep Fission’s goal as of right now
is to do further testing at the site. Company officials remain optimistic
and say the criticisms are prompted by financial motivations from the
people making the claims.
LJ World 10th Oct 2026, https://www2.ljworld.com/news/state-region/2026/oct/09/underground-nuclear-reactor-clears-hurdle-but-critics-say-it-doesnt-have-solid-finances/
Fusion – the endless dream

UK Minister for Energy Michael Shanks reportedly said that ‘Fusion has
the potential to provide virtually limitless clean energy’. That’s a dream
that some now see as getting a bit more real. The UK has form in this area.
It was a pioneer in nuclear fusion, with the ZETA device built at Harwell
in the late 1950s getting, briefly, a very good press: there was front-page
newspaper coverage saying it was a breakthrough towards unlimited energy.
Sadly, and embarrassingly, it turned out not to be the case. However, the
UK persevered with fusion over the years, for example playing host to JET,
the Joint European Torus test unit at UKAEA Culham. And now the UK
government has committed more than £2.5 billion over five years to new
nuclear fusion, including £1.3 billion for UK Fusion Energy to deliver the
STEP programme (a spin-off from Culham) in partnership with industry. A
further £740 million is earmarked for research and development
infrastructure and facilities. Unless of course there is a big
breakthrough. Can we afford to wait for that? By contrast, renewables are
ready here and now. Arguably they are a much better bet….using the fusion
reactor we already have- the sun.
Renew Extra 10th Oct 2026,
https://renewextraweekly.blogspot.com/2026/10/fusion-endless-dream.html
Officer numbers rise at Civil Nuclear Constabulary
AN ARMED police force guards some of the UK’s most sensitive sites, including Sellafield in Seascale, and data reveal that over the last six years its officer count has grown by more than 10 per cent.
Carlisle News & Star 10th Oct 2026,
https://www.newsandstar.co.uk/news/26620384.officer-numbers-rise-civil-nuclear-constabulary/
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