NuScale Power plans to build nuclear power station in Romania, pivotal for future growth
From Nasdaq: 2025-03-30 04:15:00
NuScale Power (NYSE: SMR) is a start-up seeking approval to build small-scale modular nuclear reactors. With the potential for commercial sales and installations, the next five years are crucial for the company’s future. NuScale has a lead over competitors and is preparing for a major project in Romania involving six reactors. However, it remains a high-risk investment with unproven technology. Investors should monitor developments closely to see if NuScale can deliver on its promises and establish a viable business. The approval process in Romania will be a key indicator of what the company’s future holds.
In 2025, NuScale Power aims to build a 462-megawatt nuclear power station in Romania using its small-scale modular reactors. This project, if approved, will set the stage for future installations and provide valuable insights into the technology’s commercial viability. With construction expected to take several years, NuScale is already preparing for additional reactor orders to streamline production. The company’s success in executing this project will shape its trajectory over the next decade, making the next five years pivotal for NuScale Power’s growth and market presence. 1. The FDA has approved a new drug for the treatment of Alzheimer’s disease, called Aduhelm. The drug is said to reduce the build-up of amyloid plaques in the brain, which are believed to contribute to the progression of the disease. However, some experts have raised concerns about the drug’s effectiveness and potential side effects.
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Read more at Nasdaq: Where Will NuScale Power Be in 5 Years?