How Much Did NuScale Power Raise? Funding & Key Investors

NuScale Power has successfully raised funding over six rounds, with the latest being a Post-IPO Secondary round. The company is backed by 13 investors, including Segra Capital and Samsung C&T Corporation.

Keep reading to explore the intricacies of NuScale Power's fundraising journey and the investors backing this innovative platform.

What Is NuScale Power?

NuScale Power, based in Corvallis, Oregon, is a pioneering company in the nuclear technology industry, specifically focusing on Small Modular Reactors (SMRs). The company has developed innovative SMR technology to provide safer and more flexible nuclear power solutions.

Founded by Dr. José N. Reyes, who serves as the Chief Technology Officer, NuScale Power employs between 251-500 people. The company is publicly traded under the ticker NYSE:SMR and is involved in significant projects, including a 6-GW SMR program with TVA and ENTRA1 Energy.

How Much Funding Has NuScale Power Raised?

1. Post-IPO Equity
   • Amount Raised: USD 235,000,000
   • Date: May 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and expansion post-IPO.
2. Corporate Round
   • Amount Raised: USD 152,000,000
   • Date: August 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate the commercialization of NuScale's advanced nuclear technology.
3. Series Unknown
   • Amount Raised: USD 40,000,000
   • Date: April 2021
   • Lead Investors: JGC Holdings Corporation
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the development and deployment of SMR technology.
4. Grant
   • Amount Raised: USD 40,000,000
   • Date: April 2018
   • Lead Investors: US Department of Energy
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fund research and development of SMR technology.
5. Series Unknown
   • Amount Raised: USD 2,649,900
   • Date: March 2008
   • Lead Investors: CMEA Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To initiate the development of their SMR technology.

NuScale Power has raised a total of USD 469,649,900. The current valuation is not publicly disclosed.

Key Investors

• Segra Capital
  • Details: Segra Capital is an investment firm that focuses on opportunities in the energy sector. They are known for their strategic investments in innovative energy technologies.
  • Investment Focus Areas: Energy, Technology, Infrastructure
  • Notable Investments: Not publicly disclosed
• Samsung C&T Corporation
  • Details: Samsung C&T Corporation is a South Korean company involved in construction and trading. They have a significant presence in global infrastructure projects.
  • Investment Focus Areas: Construction, Trading, Infrastructure
  • Notable Investments: Not publicly disclosed
• JGC Holdings Corporation
  • Details: JGC Holdings Corporation is a Japanese engineering company that specializes in oil and gas, petrochemicals, and infrastructure projects. They have a history of investing in advanced technologies.
  • Investment Focus Areas: Engineering, Oil and Gas, Infrastructure
  • Notable Investments: Not publicly disclosed
• US Department of Energy
  • Details: The US Department of Energy is a government agency responsible for policies regarding energy and safety in handling nuclear material. They fund research and development in energy technologies.
  • Investment Focus Areas: Energy, Nuclear Safety, Research and Development
  • Notable Investments: Not publicly disclosed
• CMEA Capital
  • Details: CMEA Capital is a venture capital firm that invests in life sciences, information technology, and energy. They focus on early-stage companies with high growth potential.
  • Investment Focus Areas: Life Sciences, Information Technology, Energy
  • Notable Investments: Not publicly disclosed

What's Next for NuScale Power?

NuScale Power stands at the cusp of a transformative era in nuclear technology. With the commercialization of their advanced Small Modular Reactors (SMRs), the company is poised to revolutionize electrical generation, district heating, and desalination. The significant $192 million investment underscores the vast potential in these sectors, driven by a growing interest in carbon-free nuclear power solutions.

As NuScale Power accelerates towards commercialization, future fundraising opportunities appear promising. The involvement of strategic investors and regulatory advancements, such as design approval from the U.S. Nuclear Regulatory Commission, suggest a favorable environment for attracting additional investment. However, the path forward is not without challenges. Navigating regulatory approvals, scaling production, and facing competition from other advanced nuclear technologies will test the company's resilience and innovation.

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