Iceberg Research, in a new report, alleges Nuscale Power has deceived investors about the certification of its reactor and claims the company has no credible orders. The firm says Nuscale has not landed “a single deal” since the termination of the UAMPS contract, caused by cost overruns and that, without any serious customer, NuScale’s marketing now leans heavily on just one claim: having the first and only SMR design certified by the U.S. Nuclear Regulatory Commission. However, Iceberg says the claim is “grossly misleading,” and that its design certification is for the original 50-MWe reactor design that was obtained in 2023.
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