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Nuscale Power Secures Nearly $200 Million In Strategic Investments

Aug 03, 2021almost 4 years ago

Amount Raised

$200 Million

Portland

Description

NuScale Power today announced that recent private capital investments from a diverse base of strategic investors total $152 million, closing out NuScale’s A-5 round of investments, and bringing the company’s total funding year to date to approximately $192 million. Investments have been secured from GS Energy, Doosan Heavy Industry and Construction, IHI Corporation, Samsung C&T Corporation, Sargent & Lundy and Sarens. This announcement follows a $40 million investment from JGC Holdings Corporation earlier this year.

Company Information

Company

Nu Scale Power

Location

Portland, Oregon, United States

About

The Company maintains strong program momentum towards the commercialization of its SMR technology, including supply chain development, standard plant design, planning of plant delivery activities and startup and commissioning plans.​​​​​About NuScale PowerNuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications.

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