NuScale Power Corporation Q3 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Date: Third Quarter 2025 Earnings Conference Call

Key Business Highlights

  • NuScale remains the only SMR technology provider with U.S. NRC design approval, positioning it for commercial deployment ahead of competitors.
  • Landmark agreement announced with InterOne Energy and Tennessee Valley Authority (TVA) for up to 6 GW of new nuclear capacity using NuScale SMR technology (approximately 72 modules across up to 6 plants). This represents the largest SMR deployment program in U.S. history, sufficient to power the equivalent of the Dallas-Fort Worth metro area. First power expected as early as 2030.
  • Partnership Milestone Agreement (PMA) with InterOne signed to accelerate commercialization; Milestone 1 triggered on September 2, 2025.
  • Continued work on Fluor-led Phase 2 Front-End Engineering Design (FEED) study for RoPower Dorchester project in Romania (first SMR plant at a decommissioned coal site); project generating revenue and positive cash flow. Final investment decision targeted for late 2026 or early 2027.
  • NRC approval received for 77 MW power upgrade; focus shifted to Combined Operating License Application (COLA) management.
  • White House U.S.-Japan framework agreement positions InterOne (with NuScale) for up to $25 billion in investment for AI data centers, manufacturing, and defense applications.
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Operator: Good afternoon, and welcome to NuScale Power Corporation's Third Quarter 2025 Earnings Results Conference Call. Today's call is being recorded. A replay of today's conference call will be available and accessible on NuScale Power Corporation's Investor Relations website. The web replay will be available for thirty days following the earnings call. At this time, for opening remarks, I would like to turn the call over to Rodney McMahan, Senior Director of Investor Relations. Please go ahead. Rodney McMahan: Thank you, operator. Welcome to NuScale Power Corporation's Third Quarter 2025 Earnings Results Conference Call. With us today are John Hopkins, President and Chief Executive Officer, and Ramsey Hamady, Chief Financial Officer. On today's call, we will provide an update on our business and discuss our quarterly financial results. We will then open the phone lines for questions. This afternoon, we posted a set of supplemental slides on our Investor Relations website. As reflected in the Safe Harbor statements on Slide two, the information set forth in this presentation and discussed during the course of our remarks and the subsequent Q&A session include forward-looking statements which reflect our current views of existing trends and are subject to a variety of risks and uncertainties. You can find a discussion of our risk factors which could contribute to differences in our expectations in our annual report on Form 10-Ks for the year ended December 31, 2024, and ou
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