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| Period | Program | Status | Notes |
|---|---|---|---|
| Jul 2024 RoPower technology license | RoPower Doicesti | Technology licensing agreement signed | Right to use certain NuScale IP. Six NPMs at a former coal plant site |
| Q3 2024 RoPower FEED Phase 2 signed | RoPower Doicesti | FEED Phase 2 contract signed with Fluor | Class 3 plant cost estimate and regulatory support. NuScale was a Fluor subcontractor |
| Aug 27 2025 ENTRA1 PMA | ENTRA1 Partnership Milestones Agreement | Executed. Milestone 1 triggered on 72 NPMs | PMA expense $507.393M. $247.509M settled in 2025, $259.884M in H1 2026. Milestones 2 and 3 not met at June 30, 2026 |
| Sep 2 2025 TVA ENTRA1 collaboration | ENTRA1 and TVA | Non-binding collaboration announced | Up to 6 GW of new nuclear generation. ENTRA1 stated intent to use NuScale SMR equipment |
| Late 2025 RoPower FEED Phase 2 complete | RoPower Doicesti | NuScale FEED Phase 2 scope complete | No comparable RoPower engineering revenue in H1 2026 |
| Feb 12 2026 Romanian government decision | RoPower Doicesti | Romanian Government approved the investment decision | Authorizes financing for further studies, licensing, geotechnical work, a pre-EPC contract, and long-lead talks. Not a construction start |
| Q2 2026 ENTRA1 TVA PPA status | ENTRA1 and TVA | Discussions toward a definitive PPA. No binding PPA printed | Q2 2026 10-Q: next phase contingent on one or more purchase power agreements |
| Q2 2026 RoPower pre-EPC status | RoPower Doicesti | Pre-EPC not started. Waiting on RoPower financing | Once a pre-EPC contract is signed, NuScale expects to restart work. Estimated pre-EPC duration up to 15 months |
| Period | DOE cost share recognized ($M) | USG cost share recognized ($M) | Notes |
|---|---|---|---|
| 2023 | 29.32 | 23.828 | CFPP still in the cost-share base for part of the year |
| 2024 | 0.342 | 6.204 | DOE recognized cost share nearly ended |
| 2025 | 0 | 0.149 | Hit DOE and USTDA cost-share cap. LLM settlement $32.323M is not in these columns |
| Period | Design | Action | Notes |
|---|---|---|---|
| Dec 2016 50 MWe DCA completed | US600 50 MWe per module | Design certification application completed | 10-Q operations note |
| Mar 2017 50 MWe DCA accepted | US600 50 MWe per module | NRC accepted the DCA for review | 10-Q operations note |
| Aug 2020 50 MWe FSER | US600 50 MWe per module | NRC issued the Final Safety Evaluation Report | 10-Q operations note |
| Sep 11 2020 50 MWe SDA | US600 50 MWe per module, up to 12 modules | Standard Design Approval issued | NRC US600 page; 10-K says September 2020 |
| Jan 19 2023 50 MWe DC rule published | US600 50 MWe per module, 600 MWe for 12 modules | Design certification final rule published | Federal Register Vol. 88 No. 12 |
| Feb 21 2023 50 MWe DC rule effective | US600 50 MWe per module | Design certification rule effective | Federal Register DATES line |
| Nov-Dec 2022 77 MWe SDA filed | US460 77 MWe per module, up to 6 modules | SDA application submitted in stages | NRC SDA letter ML25129A004 |
| Jul 31 2023 77 MWe SDA accepted | US460 77 MWe per module | NRC accepted the SDA application for docketing | 10-K; NRC ML23198A163 |
| May 29 2025 77 MWe US460 SDA issued | US460 77 MWe per module, 462 MWe for 6 modules | SDA issued; expires May 28, 2040 | Federal Register June 4, 2025; NRC SDA letter |
| Period | Location | Status | Stated scope |
|---|---|---|---|
| ENTRA1 Energy and TVA | TVA seven-state service territory | Non-binding collaboration (Sep 2, 2025). Discussions toward a definitive PPA. PMA Milestone 1 met on 72 NPMs. Milestones 2 and 3 not met at June 30, 2026 | Up to 6 GW of new nuclear generation. ENTRA1 stated intent to use NuScale SMR equipment |
| RoPower Doicesti | Doicesti, Romania (former coal site) | Technology license Jul 2024. FEED Phase 2 complete late 2025. Romanian Government investment decision Feb 12, 2026. Pre-EPC waiting on RoPower financing | Six NPMs. Most advanced SMR effort in Europe per Q2 2026 earnings. Not under construction |
| UAMPS Carbon Free Power Project | Idaho National Laboratory site | Cancelled November 8, 2023. Snapshot frozen in z-uamps-cfpp-cancellation-frozen.json | Was six NPMs / 462 MWe. Not in the live pipeline |
| Period | Cost Estimate | COD Target | Notes |
|---|---|---|---|
| 2017 BoE (initial) | ~$5.3B (12-module configuration) | Initial target 2024-2026 | First NuScale VOYGR; 12 modules x 50 MWe = 600 MWe; UAMPS lead subscriber |
| 2018 (config + subscribers) | ~$6.1B (revised) | Target 2026-2027 | Subscriber base building; uprated from 50 MWe to 60 MWe per module |
| 2020 (NuScale up-rate) | ~$6.1B | Target 2027 | NuScale ups to 77 MWe per module; reduces 12-module to 6-module configuration (462 MWe) |
| 2022 (commodity inflation) | ~$9.3B (Jan 2023 revised) | Target 2029-2030 (delayed) | Inflation + commodity cost increases; first major cost revision |
| 2023 January (UAMPS revised subscription) | ~$9.3B (confirmed) | Target 2029-2030 | Cost of power revised from $58/MWh to $89/MWh; UAMPS members reconsider |
| 2023 Q3 (subscriber withdrawals) | ~$9.3B+ | Target 2029-2030 | Multiple UAMPS member utilities withdrew subscription commitments through 2023 |
| 2023 November 8 (CANCELLATION) | Project cancelled; not built | N/A (cancelled) | UAMPS board voted to cancel; insufficient subscriber commitment to proceed economically. Cost of power estimate at cancellation: $119/MWh |
| DOE ARDP cost-share status | ~$1.4B awarded; ~$600M actually drawn through cancellation | N/A (cancelled) | DOE ARDP cost-share modified post-cancellation; remaining commitment reallocated to other projects |
| NuScale post-cancellation impact | NuScale equity ~50% derate Nov-Dec 2023 | Subsequent customer pipeline: Standard Power Ohio + RoPower Romania | Current NuScale strategy: smaller customer-funded projects vs single large flagship |
| Editorial. Why this matters | FOAK public-power financing failed under inflation | N/A (cancelled) | UAMPS CFPP was the FOAK demonstration project for the US SMR commercialization narrative. Its cancellation reset time-to-FOAK expectations. Public-power subscriber financing did not hold up under the printed cost-of-power path to $119/MWh. |