Vikram Bakri's questions to Nuscale Power Corp (SMR) leadership • Q2 2025
Question
Vignesh, on behalf of Vikram Bakri from Citigroup, requested an update on the approximately 10 active customer negotiations mentioned last quarter and asked for an update on the progress and timeline of the Phase II FEED study for the RoPower project in Romania.
Answer
President & CEO John Hopkins stated NuScale is now 'laser focused' on closing one or two deals with U.S.-based customers, including discussions with the U.S. government and hyperscalers. CFO Ramsey Hamady clarified that IntraOne is NuScale's direct customer. Regarding RoPower, Hopkins reported that the project's final notice to proceed is now anticipated in late 2026 or early 2027, based on recent updates from the customer.