We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SMR Targets 72 Modules With ENTRA1: Is Deployment on Track for 2030?
Read MoreHide Full Article
Key Takeaways
NuScale Power and ENTRA1 plan up to 6GW, or 72 modules, with the first 12-module plant eyed for 2030.
SMR sees demand from data centers and AI, while teaming with Oak Ridge on AI-driven fuel optimization.
The 6GW plan lacks binding PPAs, and licensing or supply chain delays could derail timelines.
NuScale Power (SMR - Free Report) is planning a large nuclear deployment with its partner ENTRA1 Energy. This plan could reach up to 6 gigawatts (GW) of power capacity, equal to about 72 NuScale Power Modules, spread across multiple sites in the United States. This is one of the largest potential small modular reactor deployment plans in the history of the United States. The first plant under this program will use around 12 NuScale Power modules and is expected to deliver power as early as 2030.
Rising power demand for data centers, AI workloads, advanced manufacturing and critical infrastructure is driving the need for reliable, always-on power. These users need a lot of power every hour of the day. This is where NuScale Power believes that its small modular reactors can support this type of demand, as they can provide a steady power supply for its customers.
NuScale Power is also working on cost control as it prepares to scale. NuScale Power recently announced a collaboration with Oak Ridge National Laboratory to study AI-guided nuclear fuel management for a 12-module plant. The goal is to explore whether fuel can be shared and optimized across multiple reactors at one site to reduce fuel costs, which should help NuScale Power to reduce operating costs ahead of larger deployments.
However, execution risks remain. The 6GW plan with ENTRA1 is at an early stage, and binding power purchase agreements (PPAs) are not yet signed. Without any binding PPAs, the 6GW plan does not turn into firm revenues for Nuscale Power. For now, the 2030 timeline depends on coordinated progress across engineering, licensing, supply chain planning and customer decisions, where delays in any of these steps could push the timeline further out.
NuScale Power Faces Stiff Competition
Despite NuScale Power’s advancements in small modular reactor technology, the company faces stiff competition in the nuclear energy industry from companies like Oklo (OKLO - Free Report) and Constellation Energy (CEG - Free Report) .
In January 2026, Oklo and Meta signed an agreement to support building a 1.2 GW nuclear power campus in Ohio, mainly to supply clean electricity for Meta’s data centers. Early site work starts in 2026, and the first phase could produce power by 2030. This shows how the buildouts for large-scale AI data centers are fueling the demand for clean energy.
In January 2026, Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners. The acquisition will enable Constellation Energy to provide reliable and cleaner electricity as U.S. power demand rises, fueled by the rapid growth in AI data centers.
Shares of NuScale Power have plunged 65.1% in the past six months compared with the Zacks Electronics - Power Generation industry’s decline of 57.4%.
NuScale Power 6 Month Price Return Performance
Image Source: Zacks Investment Research
In terms of trailing 12-month Price/Book, NuScale Power shares are trading at 9.23X, lower than the industry’s average of 9.45X.
NuScale Power TTM 12M P/B Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 is pegged at a loss of 62 cents per share. The current estimate has narrowed from a loss of 67 cents per share projected 60 days ago.
View the Zacks #1 Rank List
Image: Bigstock
SMR Targets 72 Modules With ENTRA1: Is Deployment on Track for 2030?
Key Takeaways
NuScale Power (SMR - Free Report) is planning a large nuclear deployment with its partner ENTRA1 Energy. This plan could reach up to 6 gigawatts (GW) of power capacity, equal to about 72 NuScale Power Modules, spread across multiple sites in the United States. This is one of the largest potential small modular reactor deployment plans in the history of the United States. The first plant under this program will use around 12 NuScale Power modules and is expected to deliver power as early as 2030.
Rising power demand for data centers, AI workloads, advanced manufacturing and critical infrastructure is driving the need for reliable, always-on power. These users need a lot of power every hour of the day. This is where NuScale Power believes that its small modular reactors can support this type of demand, as they can provide a steady power supply for its customers.
NuScale Power is also working on cost control as it prepares to scale. NuScale Power recently announced a collaboration with Oak Ridge National Laboratory to study AI-guided nuclear fuel management for a 12-module plant. The goal is to explore whether fuel can be shared and optimized across multiple reactors at one site to reduce fuel costs, which should help NuScale Power to reduce operating costs ahead of larger deployments.
However, execution risks remain. The 6GW plan with ENTRA1 is at an early stage, and binding power purchase agreements (PPAs) are not yet signed. Without any binding PPAs, the 6GW plan does not turn into firm revenues for Nuscale Power. For now, the 2030 timeline depends on coordinated progress across engineering, licensing, supply chain planning and customer decisions, where delays in any of these steps could push the timeline further out.
NuScale Power Faces Stiff Competition
Despite NuScale Power’s advancements in small modular reactor technology, the company faces stiff competition in the nuclear energy industry from companies like Oklo (OKLO - Free Report) and Constellation Energy (CEG - Free Report) .
In January 2026, Oklo and Meta signed an agreement to support building a 1.2 GW nuclear power campus in Ohio, mainly to supply clean electricity for Meta’s data centers. Early site work starts in 2026, and the first phase could produce power by 2030. This shows how the buildouts for large-scale AI data centers are fueling the demand for clean energy.
In January 2026, Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners. The acquisition will enable Constellation Energy to provide reliable and cleaner electricity as U.S. power demand rises, fueled by the rapid growth in AI data centers.
NuScale Power’s Price Performance, Valuation & Estimates
Shares of NuScale Power have plunged 65.1% in the past six months compared with the Zacks Electronics - Power Generation industry’s decline of 57.4%.
NuScale Power 6 Month Price Return Performance
Image Source: Zacks Investment Research
In terms of trailing 12-month Price/Book, NuScale Power shares are trading at 9.23X, lower than the industry’s average of 9.45X.
NuScale Power TTM 12M P/B Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 is pegged at a loss of 62 cents per share. The current estimate has narrowed from a loss of 67 cents per share projected 60 days ago.
Image Source: Zacks Investment Research
NuScale Power currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.