Nuscale Power Corp (SMR) News & EventsSMRNews & EventsNuscale Power Corp

Curio Signs MOU with NuScale and Framatome

Curio announced the signing of a Memorandum of Understanding, MOU, with NuScale Power Corporation and Framatome to evaluate an integrated nuclear fuel solution designed to strengthen America's nuclear fuel supply chain, support international nuclear energy markets, and advance the deployment of next-generation nuclear technologies. Under the agreement, the three companies will evaluate source-to-product and source-to-fuel pathways for materials recoverable through Curio's proprietary NuCycle technology, while identifying opportunities for future engineering coordination, fuel development, qualification, fabrication, and commercialization.

Nuscale Power Shares Up 0.59% to $7.68

Moderately bullish activity in Nuscale Power Corp (SMR), with shares up 4c, or 0.59%, near $7.68. Options volume roughly in line with average with 27k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 1.6 points near 102.38,and above the 52wk median, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Nuscale Power Corp (SMR) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

Paragon Awarded Contract by NuScale to Develop HIPS System

Paragon, a Mirion Technologies company and a leading supplier of safety-related products and components for the nuclear industry, has been awarded a contract by NuScale Power to complete final design development of Paragon's Highly Integrated Protection System, or HIPS, for the NuScale Power Module, or NPM. NuScale has the first and only SMR design to be approved by the U.S. Nuclear Regulatory Commission, or NRC. Nuclear plants that deploy NPMs will feature one common control room that supports up to 12 NuScale Power Modules, each capable of generating up to 77 megawatts of clean, carbon-free power. Under the contract, Paragon will complete the non-recurring engineering and design deliverables for three critical instrumentation and control systems built on the HIPS platform. The Module Protection System is a nuclear safety-related reactor protection system that safeguards each individual NPM. The Safety Data Interface System is an augmented quality, post-accident monitoring system that provides operators with essential plant data in the event of an incident. The Plant Protection System is a non-safety-related system responsible for control room habitability functions such as HVAC. The contract also includes Independent Verification and Validation services for MPS development, an important step in qualifying safety-critical software for nuclear applications.