other material
confidence high
sentiment negative
materiality 0.85
NuScale and UAMPS terminate Carbon Free Power Project due to insufficient subscription
NUSCALE POWER Corp
- UAMPS and NuScale mutually agreed to end the CFPP; appears unlikely to have enough subscription for deployment.
- Project spanned 10 years; NuScale CEO says technology is now at commercial deployment stage with regulatory approval.
- NuScale will continue with other domestic and international customers to deploy its SMR technology.
- Parties working with U.S. DOE on next steps to wind down the project.