TLDR
- NuScale Power signed partnership agreement with ENTRA1 Energy for small modular reactor technology supply
- Deal worth $35-55 million with milestone-based payments through December 2045
- Stock climbed 7.47% on partnership news, extending year-to-date gains to 93%
- Company missed Q2 earnings expectations with -$0.13 EPS versus -$0.11 forecast
- Agreement includes automatic 20-year renewals and guaranty provisions
NuScale Power Corporation announced a partnership agreement with ENTRA1 Energy LLC for small modular reactor technology supply. The deal became effective August 27, 2025.
No one is working harder or faster to advance new nuclear technologies than we are. Our partnership with @ENTRAone Energy plans to bring 6 gigawatts of electricity from @NuScale_Power small modular reactors to our seven-state region — enough to power 4.5 million homes or 60 new… pic.twitter.com/J5Spj1mM8n
— Tennessee Valley Authority (@TVAnews) September 2, 2025
The nuclear technology company will provide SMR equipment as a key supplier for ENTRA1’s future energy projects. NuScale committed to a partnership contribution between $35 million and $55 million.
This contribution will fund a NuScale Power Module for use in ENTRA1’s planned power facilities. The payment follows a three-stage milestone structure tied to project development.
NuScale will pay 15% when ENTRA1 signs a non-binding term sheet with a third party for an energy project. Another 35% gets released upon execution of a binding power purchase or energy off-take agreement.
The final 50% comes when parties execute an original equipment manufacturing agreement for NuScale module purchase or deployment. This structure links payments directly to commercial progress.
Partnership Duration and Terms
The initial agreement term runs until December 31, 2045. The contract automatically renews for additional 20-year periods unless either party provides 12 months written notice.
Both companies can terminate under specific conditions including insolvency or debt payment inability. NuScale also entered a separate guaranty agreement ensuring its subsidiary meets partnership obligations.
The stock rose 7.47% following the partnership announcement. Shares have gained 93% year-to-date, bringing the company’s market cap to $9.87 billion.
Recent Financial Results
NuScale reported disappointing second-quarter results ahead of the partnership news. The company posted earnings per share of -$0.13, missing analyst expectations of -$0.11.
Revenue reached $8.1 million, falling short of the $11.89 million forecast. Despite the quarterly miss, NuScale achieved 305% revenue growth over the past twelve months.
The company maintains gross profit margins of 71.5% in the capital-intensive nuclear sector. NuScale also announced a $500 million at-the-market stock offering program with multiple financial institutions.
UBS raised its price target to $38 from $34 while maintaining a Neutral rating. BofA Securities initiated coverage with a Neutral rating and $36 price target.
Average daily trading volume sits at 13.3 million shares with technical indicators showing a Buy signal. Analysts remain cautious about profitability challenges despite strong revenue growth trends.
The ENTRA1 partnership represents NuScale’s continued expansion in the small modular reactor market as the company works to commercialize its nuclear technology platform.
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