3 weeks ago
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Leo Sun, The Motley Fool
Mon, August 3, 2026 astatine 12:25 PM CDT 4 min read
Small modular reactors (SMRs) are overmuch smaller than accepted atomic reactors. They're prefabricated and assembled on-site to trim the clip and costs of constructing a atomic powerfulness plant. SMRs don't make arsenic overmuch powerfulness arsenic larger atomic reactors connected their own, but they tin beryllium combined successful a modular manner to deploy larger plants.
That flexibility makes them well-suited for distant areas that aren't well-suited for full-size nuclear plants. They're besides a bully prime for straight powering information centers. The International Energy Agency (IEA) believes investments successful SMRs could emergence from $5 cardinal contiguous to implicit $25 cardinal successful 2030, and yet summation to a cumulative full of $670 cardinal by 2050.
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Two companies that could nett from that market's enlargement are NuScale Power (NYSE: SMR) and GE Vernova (NYSE: GEV). The erstwhile is simply a pure-play speculative stake connected that nascent market, portion the second is simply a much diversified vigor institution that is dabbling successful SMRs.
Two antithetic approaches to SMRs
NuScale and GE Vernova specify SMRs precise differently. NuScale's VOYGR SMRs, which make 77 MWe, are tiny capable to beryllium transported successful segments connected trucks. GE Vernova's BWRX-300 SMR generates 300 MWe, making it equivalent to a mid-sized fossil-fuel plant, but it's importantly larger than NuScale's SMR and can't beryllium transported arsenic easily.
NuScale's VOYGR is the lone SMR to person received a afloat plan certification support from the U.S. Nuclear Regulatory Commission (NRC). GE Vernova's BWRX-300 hasn't been certified by the NRC yet, but it's actively moving done the regulatory pipeline.
NuScale seems to person an borderline against GE Vernova with its smaller SMRs and its NRC plan certification. Still, it doesn't expect immoderate of its reactors (in Romania and the U.S.) to travel online until the aboriginal 2030s. GE Vernova aims to deploy its archetypal reactor (in Canada) successful 2030.
Two antithetic concern models
NuScale volition make astir of its gross from front-end engineering and plan (FEED) studies, licensing fees, and consulting enactment until it deploys its archetypal SMRs. From 2025 to 2028, analysts expect its gross from those contracts to surge from $31.5 cardinal to $276.5 million. But it won't interruption adjacent anytime soon, and it isn't inexpensive astatine 55 times this year's sales.
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