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AI Industry Map / Energy and power / NuScale Power

NuScale Power

Designs small modular nuclear reactors, with a partner pursuing a large plan with the US Tennessee Valley Authority.

Revenue
Q2 2026 revenue of about $0.1M (reported)
Growth
Q2 2026 revenue down from $8.1M a year earlier (reported)
Based in
Portland, US
Founded
2007
Listed
Public (SMR)
Why it is winning

Its partner ENTRA1 is still negotiating a power purchase agreement with TVA, which could be a large first order.

The risk to watch

No TVA power purchase agreement was signed in Q2 2026, and it has almost no revenue.

Money coming in

Who pays NuScale Power, and for what.

No customers of NuScale Power mapped yet.

Money going out

Who NuScale Power pays to do what it does.

No suppliers of NuScale Power mapped yet.

Where it sits on the map

Competitors and neighbours

Bloom Energy
BE Supplier

Makes fuel cells that give a data centre its own power without waiting for the grid.

Revenue of $1.065B in Q2 2026 (quarter to 30 June 2026)

Open profile
Oklo
OKLO

Develops small modular nuclear reactors aimed at selling power to data centres.

Q2 2026 revenue of $1.2M, mostly from recent acquisitions

Open profile
GE Vernova
GEV Supplier

Makes gas turbines and grid equipment that power new data centres and utilities.

$176B order backlog. Data centre orders over $5B in the first half of 2026

Open profile
Siemens Energy
ENR Supplier

Makes gas turbines, grid equipment and transformers that power data centres and utilities.

Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)

Open profile
Caterpillar
CAT Supplier

Makes large generator sets and turbines that run data centres when the grid is not enough.

Record sales of $20.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
Constellation Energy
CEG

The largest US nuclear operator, selling carbon-free power under long contracts.

Revenue of $7.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
Talen Energy
TLN

Owns nuclear and gas power plants and sells power to large buyers, including data centres.

Adjusted EBITDA of $374M in Q2 2026 (quarter to 30 June 2026)

Open profile
Venture Global
VG Supplier

Exports US natural gas and is building power plants at its terminals to sell electricity to data centres.

Plan could power up to 10 GW of computing (WSJ, Oct 2026)

Open profile
Vistra
VST

Owns large gas and nuclear power plants and sells the electricity under long contracts.

Ongoing operations adjusted EBITDA of $1.77B in Q2 2026 (quarter to 30 June 2026)

Open profile

Sources: nuscalepower.com, stocktaper.com

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