small modular reactor

SMR startup lines up financing for nuclear power plant deployment

Small modular reactor (SMR) startup ARC Clean Energy Canada said it completed its Series A financing in the amount of C$30 million ($24.11 million) from private sector investment and the Province of New Brunswick. The financing is expected to advance deployment of a grid-scale advanced SMR at the Point Lepreau Nuclear Generating Station site, which is owned by provincial utility

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NuScale Power and Spring Valley Acquisition Corp., a publicly traded special purpose acquisition company, reached a merger agreement with an estimated enterprise value of $1.9 billion. Under the terms of the agreement, NuScale expects up to $413 million of gross cash proceeds, including a $181 million private investment in public equity (PIPE) vehicle anchored by Samsung C&T Corp., DS Private