NuScale

NuScale was founded in 2007 based on research funded by the United States Department of Energy DOE, and has since made significant progress towards commercializing Americas first small modular reactor SMR. The company made history as the first of a new generation of nuclear energy startups to win regulatory approval of its reactor design in 2022. In May 2022, NuScale went public via merger with the special-purpose acquisition company SPAC, Spring Valley Acquisition Corp, raising $380 million of investment. The following year would prove challenging, and NuScale would layoff more than half of its workforce.