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NuScale Power Advances SMR Manufacturing With Doosan Deal
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Key Takeaways
NuScale advances SMR manufacturing with Doosan's First Article production of a critical reactor component.
The agreement builds on a 2019 partnership focused on manufacturing processes and supply-chain capabilities.
Doosan's manufacturing capacity and NRC-approved technology support NuScale's commercial deployment plans.
NuScale Power Corporation (SMR - Free Report) is taking another important step toward the commercial deployment of its small modular reactor (“SMR”) technology through an expanded manufacturing agreement with South Korea-based Doosan Enerbility. The latest contract covers the production of the Upper Reactor Coolant System, a critical component of the NuScale Power Module, at Doosan's reactor manufacturing facility in Changwon, South Korea.
The agreement marks a significant transition in the companies' long-standing collaboration, moving beyond manufacturing preparation and material development toward the actual fabrication of reactor components. This progress strengthens NuScale's manufacturing readiness as it works to advance commercial SMR projects in the United States and international markets.
NuScale Moves Closer to Commercial Reactor Manufacturing
The latest agreement builds on a partnership between NuScale and Doosan that began in 2019. Over the years, the companies have worked together to develop manufacturing processes, establish supply-chain capabilities and build the production infrastructure needed to support NuScale's NRC-approved technology.
Under the new contract, Doosan will manufacture the First Article of the upper reactor coolant system for NuScale's Power Module. The component forms the upper section of the reactor pressure vessel, which contains reactor coolant under high-temperature and high-pressure operating conditions.
The start of First Article manufacturing represents an important milestone in translating NuScale's approved reactor design into physical modules that can eventually be delivered for commercial projects. It also expands the collaboration from material preparation to the fabrication of critical reactor components.
NuScale's agreement with Doosan reinforces its efforts to establish a dependable manufacturing and supply-chain network for commercial deployment. Doosan brings extensive nuclear manufacturing and engineering experience, along with an established reactor production facility.
The companies' collaboration has also helped refine the reactor design to improve manufacturability without compromising the performance and safety characteristics that secured NRC approval.
According to NuScale, the partnership provides the manufacturing capacity and process maturity necessary to deliver NuScale Power Modules according to customer schedules. The latest contract therefore represents progress in converting design certification into tangible manufacturing capabilities.
Doosan also plans to strengthen its supply chain and manufacturing readiness to support potential follow-on orders. This preparation will be important as the program advances, given the substantial manufacturing capacity required to produce reactor modules at commercial scale.
NRC Approval Provides a Foundation for SMR Deployment
NuScale's manufacturing progress builds on an important regulatory milestone. Its SMR technology became the first SMR design to receive design approval from the U.S. Nuclear Regulatory Commission (NRC), providing a regulatory foundation for its commercialization efforts.
The company's modular reactor technology is designed around factory-built units that can be transported and installed at project sites. This approach offers the potential to reduce construction schedules and costs compared with conventional large-scale nuclear power plants.
By advancing component manufacturing with Doosan, NuScale is working to bridge the gap between regulatory approval and commercial project execution. An established manufacturing ecosystem could also help the company support deployment opportunities across the United States and international markets.
Manufacturing Readiness Remains Critical to NuScale's Growth
The latest agreement represents meaningful progress in NuScale's commercialization strategy. Moving the collaboration into First Article production demonstrates that the company is advancing beyond design development and strengthening the industrial capabilities required to deliver its reactor modules.
However, commercial deployment will require substantial manufacturing capacity, reliable supply-chain execution and timely completion of production activities. Doosan's plans to expand its manufacturing readiness and support future orders could help address these requirements as customer projects progress.
Overall, the agreement strengthens NuScale's manufacturing foundation and deepens its relationship with an established nuclear industry partner. Successful execution of the manufacturing program will be important in determining how effectively the company can translate its NRC-approved technology into commercially deliverable SMRs.
SMR’s Zacks Rank & Key Picks
NuScale develops small modular nuclear reactor technology built around its 77-megawatt NuScale Power Module. Currently, SMR has a Zacks Rank #3 (Hold).
GE Vernova is an energy company that includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. The Zacks Consensus Estimate for GEV’s 2026 earnings indicates 78.1% year-over-year growth.
NexGen Energy focuses on the acquisition, exploration and development of Canadian uranium projects. The Zacks Consensus Estimate for NXE’s 2026 earnings indicates 50% year-over-year growth.
View the Zacks #1 Rank List
Image: Bigstock
NuScale Power Advances SMR Manufacturing With Doosan Deal
Key Takeaways
NuScale Power Corporation (SMR - Free Report) is taking another important step toward the commercial deployment of its small modular reactor (“SMR”) technology through an expanded manufacturing agreement with South Korea-based Doosan Enerbility. The latest contract covers the production of the Upper Reactor Coolant System, a critical component of the NuScale Power Module, at Doosan's reactor manufacturing facility in Changwon, South Korea.
The agreement marks a significant transition in the companies' long-standing collaboration, moving beyond manufacturing preparation and material development toward the actual fabrication of reactor components. This progress strengthens NuScale's manufacturing readiness as it works to advance commercial SMR projects in the United States and international markets.
NuScale Moves Closer to Commercial Reactor Manufacturing
The latest agreement builds on a partnership between NuScale and Doosan that began in 2019. Over the years, the companies have worked together to develop manufacturing processes, establish supply-chain capabilities and build the production infrastructure needed to support NuScale's NRC-approved technology.
Under the new contract, Doosan will manufacture the First Article of the upper reactor coolant system for NuScale's Power Module. The component forms the upper section of the reactor pressure vessel, which contains reactor coolant under high-temperature and high-pressure operating conditions.
The start of First Article manufacturing represents an important milestone in translating NuScale's approved reactor design into physical modules that can eventually be delivered for commercial projects. It also expands the collaboration from material preparation to the fabrication of critical reactor components.
Doosan Partnership Strengthens NuScale's Supply Chain
NuScale's agreement with Doosan reinforces its efforts to establish a dependable manufacturing and supply-chain network for commercial deployment. Doosan brings extensive nuclear manufacturing and engineering experience, along with an established reactor production facility.
The companies' collaboration has also helped refine the reactor design to improve manufacturability without compromising the performance and safety characteristics that secured NRC approval.
According to NuScale, the partnership provides the manufacturing capacity and process maturity necessary to deliver NuScale Power Modules according to customer schedules. The latest contract therefore represents progress in converting design certification into tangible manufacturing capabilities.
Doosan also plans to strengthen its supply chain and manufacturing readiness to support potential follow-on orders. This preparation will be important as the program advances, given the substantial manufacturing capacity required to produce reactor modules at commercial scale.
NRC Approval Provides a Foundation for SMR Deployment
NuScale's manufacturing progress builds on an important regulatory milestone. Its SMR technology became the first SMR design to receive design approval from the U.S. Nuclear Regulatory Commission (NRC), providing a regulatory foundation for its commercialization efforts.
The company's modular reactor technology is designed around factory-built units that can be transported and installed at project sites. This approach offers the potential to reduce construction schedules and costs compared with conventional large-scale nuclear power plants.
By advancing component manufacturing with Doosan, NuScale is working to bridge the gap between regulatory approval and commercial project execution. An established manufacturing ecosystem could also help the company support deployment opportunities across the United States and international markets.
Manufacturing Readiness Remains Critical to NuScale's Growth
The latest agreement represents meaningful progress in NuScale's commercialization strategy. Moving the collaboration into First Article production demonstrates that the company is advancing beyond design development and strengthening the industrial capabilities required to deliver its reactor modules.
However, commercial deployment will require substantial manufacturing capacity, reliable supply-chain execution and timely completion of production activities. Doosan's plans to expand its manufacturing readiness and support future orders could help address these requirements as customer projects progress.
Overall, the agreement strengthens NuScale's manufacturing foundation and deepens its relationship with an established nuclear industry partner. Successful execution of the manufacturing program will be important in determining how effectively the company can translate its NRC-approved technology into commercially deliverable SMRs.
SMR’s Zacks Rank & Key Picks
NuScale develops small modular nuclear reactor technology built around its 77-megawatt NuScale Power Module. Currently, SMR has a Zacks Rank #3 (Hold).
Investors interested in the nuclear energy sector may consider some better-ranked stocks like GE Vernova Inc. (GEV - Free Report) and NexGen Energy Ltd. (NXE - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Vernova is an energy company that includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. The Zacks Consensus Estimate for GEV’s 2026 earnings indicates 78.1% year-over-year growth.
NexGen Energy focuses on the acquisition, exploration and development of Canadian uranium projects. The Zacks Consensus Estimate for NXE’s 2026 earnings indicates 50% year-over-year growth.