Esteban Mario Albarracin's questions to Nuscale Power Corp (SMR) leadership • Q4 2024
Question
Esteban Mario Albarracin, on behalf of TD Cowen, asked for clarification on the 12 modules in production, the expected revenue cadence from the RoPower FEED study, and any updates on pursuing the $800 million U.S. grant for Gen 3 reactors.
Answer
President and CEO John Hopkins explained that ordering long-lead items for 12 modules is a strategic move to compress delivery timelines for the first customers, with RoPower being a leading candidate. CFO Robert Hamady clarified they are manufacturing long-lead materials, not full reactors, and they are not yet assigned to a specific customer. Regarding revenue, Mr. Hopkins noted it was front-loaded but would continue through 2025, declining to give specific guidance. On the grant, both Mr. Hopkins and Commercial Officer Clayton Scott stated they are cautiously evaluating whether to pursue it.