NuScale, Fermi Energia Join Forces For Advanced Nuclear Application In Estonia

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.