• NuScale Power, NYSE:SMR, is highlighting its two separate U.S. Nuclear Regulatory Commission approvals as a key advantage for serving fast growing power needs from AI data centers and industrial users.
• The company is advancing commercial discussions that link its small modular reactor designs to long term electricity demand tied to AI infrastructure.
• This angle positions NuScale within the projected $10 trillion nuclear infrastructure opportunity connected to data center growth, an area recent coverage has not focused on.

At a share price of $12.19, NuScale Power sits at the intersection of nuclear technology and rising electricity demand from AI workloads. The stock is up 7.6% over the past week and 3.1% over the past month, while being down 25.3% year to date and down 63.0% over the past year. That mix of recent strength and longer term pressure provides context for how investors may weigh the company’s regulatory position and commercial progress.

For readers watching how AI infrastructure could reshape power markets, NuScale’s status as the only SMR company with two NRC approvals is a key data point. As data center builders and industrial customers look for reliable, low carbon baseload power, NuScale’s current discussions may help clarify whether its designs can become a practical option within the broader nuclear build out tied to AI demand.

Stay updated on the most important news stories for NuScale Power by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NuScale Power.

The regulatory angle here matters because NuScale’s dual U.S. Nuclear Regulatory Commission approvals reduce one of the biggest uncertainties for advanced nuclear projects, the licensing hurdle. That can shorten the path between a data center or industrial customer signing a contract and actually receiving power. By linking these approvals directly to AI-driven electricity demand, NuScale is trying to turn a technical asset into commercial leverage, especially against peers like Oklo or traditional large-reactor suppliers such as Westinghouse and EDF that are competing for similar customers.

How This Fits Into The NuScale Power Narrative

• The focus on behind-the-meter and site-adjacent small modular reactors supports the existing narrative that NuScale’s NRC-approved designs could move more quickly into projects such as TVA–ENTRA1 and RoPower, which are presented as key revenue and credibility catalysts.
• At the same time, the earlier narrative highlights legal questions around ENTRA1 and funding structures, so even with a regulatory head start, converting AI and industrial interest into binding power purchase agreements still looks like a bottleneck.
• The explicit link to AI data center power demand and the referenced multi trillion-dollar nuclear build-out framed around that demand is not fully reflected in older narratives that focused mainly on utility-scale deployments and early international projects.

Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for NuScale Power to help decide what it's worth to you.

The Risks and Rewards Investors Should Consider

• ⚠️ NuScale remains pre commercial, and analysts have flagged ongoing net losses plus questions around ENTRA1’s financing and related litigation, which could slow or limit conversion of project frameworks into operating assets.
• ⚠️ Shareholders have faced dilution over the past year and the stock has shown high volatility, so further capital raising to support long-lead manufacturing or project equity could pressure existing holders.
• 🎁 The company is the only small modular reactor developer with two NRC design approvals, which can be an advantage when large data center and industrial customers want regulatory clarity on long term, low carbon baseload power.
• 🎁 Revenue is forecast to grow quickly according to analyst expectations, so if NuScale secures firm contracts linked to AI and industrial loads, that demand could support the longer term commercialization narrative.

What To Watch Going Forward

From here, focus on whether NuScale can turn its regulatory lead into contract-specific milestones, such as signed power purchase agreements, final investment decisions, and manufacturing orders connected to AI data centers or heavy industrial sites. Progress on the TVA–ENTRA1 framework, updates on the Romanian RoPower project, and any new behind-the-meter deals for hyperscale operators will help show if the AI power story is translating into a visible backlog. Financing terms, dilution, and any new disclosures around legal or regulatory matters will also be important for judging how much runway NuScale has to reach commercial scale.

To ensure you're always in the loop on how the latest news impacts the investment narrative for NuScale Power, head to the community page for NuScale Power to never miss an update on the top community narratives.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.