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NuScale Power Corporation (NYSE:SMR), a nuclear technology company with a market capitalization of $9.87 billion and impressive year-to-date returns of 93%, announced Tuesday that its subsidiary, NuScale Power, LLC, has entered into a Partnership Milestones Agreement with ENTRA1 Energy LLC. According to a press release statement based on a recent SEC filing, the agreement was signed and became effective August 27, 2025. InvestingPro data shows the company maintains strong gross profit margins of 71.5%, despite operating in a capital-intensive industry.
Under the terms of the agreement, NuScale will provide its small modular reactor (SMR) technology equipment as a key supplier for future ENTRA1 energy projects. The agreement includes a partnership contribution by NuScale LLC ranging from $35 million to $55 million, which will be allocated to a NuScale Power Module for use in ENTRA1’s planned projects or power plants.
The partnership contribution will be disbursed in stages, contingent upon the achievement of specific commercial and developmental milestones. The payment schedule is as follows: 15% upon the execution of a non-binding term sheet or similar agreement with a third party for an energy project; 35% upon the execution of a binding power purchase or energy off-take agreement, or documentation related to the deployment or delivery of one or more NuScale Power Modules; and 50% upon the execution of an original equipment manufacturing agreement or other binding documentation for the purchase or deployment of NuScale modules. The company’s revenue has shown remarkable growth of 305% over the last twelve months, reflecting strong market adoption of its technology.
The initial term of the agreement expires December 31, 2045, with automatic renewal for subsequent twenty-year periods unless either party provides at least twelve months’ written notice prior to the end of the current term. The agreement allows for termination by either party under certain conditions, including insolvency or inability to pay debts.
Additionally, NuScale Power Corporation entered into a guaranty agreement with ENTRA1 Energy LLC on August 27, 2025, ensuring the obligations of NuScale LLC under the partnership agreement.
This information is based on a press release statement and details disclosed in the company’s SEC filing.
In other recent news, NuScale Power Corporation reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company recorded an earnings per share (EPS) of -$0.13, missing the forecasted -$0.11, and reported revenue of $8.1 million, which was significantly below the anticipated $11.89 million. In a separate development, NuScale Power announced a $500 million at-the-market stock offering program, partnering with several financial institutions to facilitate the sale of its Class A common stock. Additionally, UBS raised its price target for NuScale Power to $38 from $34 while maintaining a Neutral rating, reflecting adjustments in cash EBITDA estimates for future years. BofA Securities also initiated coverage on NuScale Power with a Neutral rating and a price target of $36, noting the company’s role in developing small modular reactor nuclear technology. These developments highlight recent shifts and strategies within NuScale Power as it navigates market expectations and financial maneuvers.
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