One of the most important publicly traded companies building small modular reactors has landed a large new cash injection.

‍What’s happening:‍

• NuScale Power (NYSE: SMR) has landed $227.7M USD in new capital through recent warrant redemptions and exercises
  

By the numbers:‍

• Roughly 97% of all existing warrants in NuScale Power have now been exercised
  
• NuScale Power now has approximately $389M USD in total cash
  

Why it matters:‍

• NuScale Power is one of the leaders in small modular reactor design and was the first publicly traded company to ever receive United States Nuclear Regulatory Commission approval on design for small modular reactors
  

Going deeper:‍

• NuScale Power is one of the few publicly traded companies that has secured a large scale deal around powering data centres specifically with small modular reactors, previously landing a highly notable partnership with Standard Power to provide energy to multiple data centres located in Ohio and Pennsylvania
  

The intrigue:‍

• Leveraging nuclear energy for the electricity needs of data centres has become an emerging trend in the public markets, with deals being cut by companies including NANO Nuclear Energy (NASDAQ: NNE) and Sam Altman backed Oklo (NYSE: OKLO)

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