- NuScale Power Corp SMR signed a memorandum of understanding (MOU) with Fermi Energia, an Estonian energy company.
- Under the agreement, Fermi Energia, which looks to adopt clean energy power sources to meet climate goals, will evaluate NuScale's small modular reactor design for deployment in Estonia.
- NuScale will support Fermi Energia as it conducts further analysis and considers deploying a VOYGR SMR power plant to meet clean, baseload energy needs by 2031.
- CEO John Hopkins said, "NuScale looks forward to working with Fermi Energia as they evaluate how our SMRs can become a key component of Estonia's energy future."
- Price Action: SMR shares are trading lower by 1.17% at $15.14 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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