Nuscale Power Comments On Short-seller Report

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NuScale Power Corporation (NYSE: SMR), a leading provider of advanced small modular reactor (SMR) nuclear technology, has issued a statement in response to a report from July 29, 2024, by Hunterbrook, a known short-seller. Hunterbrook has been accused of sensationalizing information to manipulate the stock market. NuScale clarified that the Securities and Exchange Commission (SEC) has not indicated any current or prospective investigation into the company, and NuScale is unaware of any grounds for such an investigation.

About NuScale Power
Founded in 2007, NuScale Power Corporation is an industry leader in innovative SMR technology. The company’s mission is to support the global energy transition by delivering safe, scalable, and reliable carbon-free energy. NuScale’s groundbreaking technology is embodied in the NuScale Power Module™, a small, safe, pressurized water reactor. Each module can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled up to 924 MWe (12 modules) to meet diverse customer needs.

NuScale's SMR technology is the first and only design certified ...
... by the U.S. Nuclear Regulatory Commission. This certification positions NuScale to serve a global clientele by providing nuclear energy solutions for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.

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