NuScale Power announced that recent private capital investments from a diverse base of strategic investors total $152 million, closing out NuScale’s A-5 round of investments, and bringing the company’s total funding year to date to approximately $192 million. Investments have been secured from GS Energy, Doosan Heavy Industry and Construction, IHI Corporation, Samsung C&T Corporation, Sargent & Lundy and Sarens. This announcement follows a $40 million investment from JGC Holdings Corporation earlier this year.
NuScale is a developer of a small modular reactor (SMR) that delivers scalable, safe and reliable carbon-free nuclear power. Since 2007, NuScale has invested hundreds of millions in the development and commercialization of its SMR technology, which includes both private investments and cost-sharing awards from the U.S. Department of Energy (DOE).
