SMR - Can NuScale Help the World Solve This Gigantic Energy Problem?
2024-06-09 05:27:00 ET
There is a big change taking shape in the global energy market. Put simply, many view carbon-based energy sources negatively today, and clean alternatives are seen as the best long-term option. That's the environment that NuScale Power (NYSE: SMR) is operating in as it looks to build small-scale nuclear reactors.
A lot is going on here and the investment thesis for this company is still developing. Let's take a look at the potential that NuScale Power can tap into and the issues it's facing to see if buying stock is the right option.
Technically speaking, NuScale Power is a company focused on research and design right now. It has yet to actually build the small modular nuclear reactors (SMRs) that it is working on creating. But the goal is to eventually produce them in such a way that they can be easily transported, safely operated, and linked together (up to 12 at a time) to generate nearly a gigawatt of power in a single installation. That's a sizable power plant.
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Can NuScale Help the World Solve This Gigantic Energy Problem?