# Global SMR expansion and NuScale financial volatility > Live situation record from CLSTR: https://clstr.news/situations/global-momentum-builds-for-small-modular-reactor-initiatives > Updated: 2026-08-09T16:21:50.000Z. Sources: 62. Developments: 28. SMR activity is expanding globally, with the Czech Republic deepening its Rolls-Royce partnership and South Korean cooperation. In the UK, Great British Energy is pursuing a £1.08 billion procurement contract, while Michał Sołowow’s SGE plans a £35 billion fleet of 14 BWRX-300 reactors. In the US, the Department of Energy is providing significant funding for deployment and exploring the use of surplus plutonium as fuel through the Surplus Plutonium Utilization Program, a move that has sparked proliferation concerns. NuScale Power, the only US NRC-approved SMR designer, has faced severe financial volatility. Despite a massive stock decline of approximately 85% since mid-2025 and plummeting revenues, the company recently announced it has met preconditions for commercial deployment. Key focus remains on a potential 6-GW project with the Tennessee Valley Authority to meet rising AI-driven electricity demand. Other market developments include Holtec Nuclear filing for a US IPO to fund its SMR-300 program and Standard Nuclear launching an IPO for its TRISO fuel manufacturing. While the sector faces challenges regarding supply chains and financing, increasing demand from data centers and legislative support, such as Colorado’s classification of nuclear as clean energy, continues to drive momentum. ## Timeline ### 2026-08-09: NuScale Power prepares for SMR deployment amid rising AI energy demand NuScale Power reports meeting preconditions for SMR deployment, targeting large-scale projects for data centers and utilities, supported by $1.9 billion in liquidity despite a recent revenue decline. 6 sources. https://clstr.news/cluster/nuscale-power-eyes-growth-in-expanding-nuclear-energy-market ### 2026-07-26: NuScale Power Shares Plummet 85% as Commercial Deals Remain Elusive NuScale Power’s shares have dropped 85% amid a lack of commercial contracts, revenue collapse, and uncertain SMR project timelines, though analysts still see long‑term nuclear market potential. 2 sources. https://clstr.news/cluster/nuscale-power-shares-plummet-85-as-commercial-deals-remain-elusive ### 2026-07-23: NuScale Power stock falls 29% in first half of 2026 as SMR rollout stalls NuScale Power’s shares fell 29% in H1 2026 as earnings missed, a Romanian SMR delay loomed, and its biggest investor exited, though a brief rally saw mixed analyst ratings. 4 sources. https://clstr.news/cluster/nuscale-power-stock-falls-29-in-first-half-of-2026-as-smr-rollout-stalls ### 2026-07-14: NuScale Power stock swings amid analyst revisions NuScale Power shares rose 3.3% amid mixed analyst ratings, while the stock remains 83% below its peak; future depends on TVA SMR partnership and regulatory milestones. 4 sources. https://clstr.news/cluster/nuscale-power-stock-swings-amid-analyst-revisions ### 2026-07-12: Poland's Orlen Synthos Green Energy seeks SMR support amid partner dispute OSGE seeks a CfD scheme to fund 14 BWRX‑300 SMRs in Poland, targeting a 2032 start at Włocławek, while Orlen and Synthos dispute project governance. 2 sources. https://clstr.news/cluster/polands-orlen-synthos-green-energy-seeks-smr-support-amid-partner-dispute ### 2026-07-12: SMR sector sees NuScale stock plunge as UK launches £1bn procurement NuScale’s stock fell 15% after a $78 M loss and project delays, while Great British Energy seeks a £1 bn partner to deliver its SMR programme by the mid‑2030s. 3 sources. https://clstr.news/cluster/smr-sector-sees-nuscale-stock-plunge-as-uk-launches-1bn-procurement ### 2026-07-10: Holtec Nuclear Corp files US IPO to fund small modular reactor program Holtec Nuclear Corp filed a US IPO on July 10 to raise funds for its SMR‑300 small modular reactor program and the Palisades plant restart, with JPMorgan, Goldman Sachs and others as underwriters. 3 sources. https://clstr.news/cluster/holtec-nuclear-corp-files-us-ipo-to-fund-small-modular-reactor-program ### 2026-07-08: Polish billionaire SGE plans 14 small modular reactors in the UK Polish billionaire Michał Sołowow’s SGE has applied to build 14 BWRX‑300 SMRs in the UK, a £35 bn, 4.2 GW programme that could power 8 million homes by 2034. 2 sources. https://clstr.news/cluster/polish-billionaire-sge-plans-14-small-modular-reactors-in-the-uk ### 2026-07-07: NuScale Power shares fall as revenue plunges and SMR rollout delays persist NuScale Power stock fell to a $8.64 low as Q1 revenue dropped 96% to $0.57 M and a $0.14 loss per share was reported; SMR deployment is delayed to 2030 and a tentative TVA deal adds financial uncertainty. 4 sources. https://clstr.news/cluster/nuscale-powers-smr-outlook-and-investment-risks ### 2026-07-07: Standard Nuclear seeks $3.5 billion valuation in US IPO Standard Nuclear announced a US IPO of up to 18.25 million shares at $18‑$21 each, targeting a $3.5 billion valuation to fund its TRISO fuel production for SMRs. 2 sources. https://clstr.news/cluster/standard-nuclear-seeks-35-billion-valuation-in-us-ipo ### 2026-07-05: UK advances multiple small modular reactor projects UK moves forward with two SMR programmes: Last Energy’s four 20 MW micro‑reactors in Wales and SGE’s 14‑unit, 4.2 GW BWRX‑300 fleet slated for 2034. 4 sources. https://clstr.news/cluster/uk-moves-forward-with-largescale-small-modular-reactor-plans ### 2026-07-04: Michał Sołowow's UK SMR Project Targets First Power by 2034 Polish billionaire Michał Sołowow’s SGE SMR plans 14 UK small modular reactors, targeting first power by 2034 under a government support scheme. 2 sources. https://clstr.news/cluster/micha-soowows-uk-smr-project-targets-first-power-by-2034 ### 2026-07-03: NuScale Power's SMR Projects and Stock Slide Amid Delayed Deployments NuScale Power’s SMR projects in Romania and the U.S. face delayed deployment; its stock has dropped ~75% to about $10 as the firm awaits first commercial reactors. 2 sources. https://clstr.news/cluster/nuscale-powers-smr-projects-and-stock-slide-amid-delayed-deployments ### 2026-06-30: Michał Sołowow to build 14 SMR reactors in UK, seeks Polish CfD support Michał Sołowow’s SGE plans 14 BWRX‑300 SMRs in the UK (£35 bn, 4.2 GW) and seeks CfD support for 14 SMRs in Poland, targeting the first unit in Włocławek by 2032. 4 sources. https://clstr.news/cluster/micha-soowow-advances-smr-nuclear-projects-in-the-uk-and-poland ### 2026-06-26: Fluor partners with NuScale on SMR EPC; Austrian Emerald Horizon lists SMR venture Fluor teams with NuScale to provide EPC services for 77 MW SMR modules, while Austria’s Emerald Horizon lists on Vienna exchange to fund its thorium‑based SMR and storage system development. 2 sources. https://clstr.news/cluster/fluor-partners-with-nuscale-on-smr-epc-austrian-emerald-horizon-lists-smr-venture ### 2026-06-25: UK advances small modular reactor projects at Wylfa and Cottam UK nuclear firms push ahead with SMR projects: GBE‑N secures £900 m contracts for three reactors at Wylfa, while EDF and Holtec propose four SMR‑300 units at Nottinghamshire’s former Cottam plant, together earm 5 sources. https://clstr.news/cluster/uk-advances-small-modular-reactor-projects-at-wylfa-and-cottam ### 2026-06-24: Small modular reactor projects slated for Ohio and Czech Republic Elementl Power proposes a 1.5 GW SMR plant in Ohio, while Rolls‑Royce SMR and ČEZ target up to 3 GW of SMRs in the Czech Republic, both seeking private financing and regulatory approval. 4 sources. https://clstr.news/cluster/small-modular-reactor-projects-slated-for-ohio-and-czech-republic ### 2026-06-20: SMR industry faces delays as supply, financing and licensing challenges persist Early 2020 optimism for small modular reactors has faded as supply‑chain, financing and regulatory hurdles slow deployment; only Russia and China operate grid‑connected SMRs, while the US, UK and others remain‑ 2 sources. https://clstr.news/cluster/small-modular-reactor-progress-slows-as-funding-and-regulation-lag ### 2026-06-17: NuScale Power's NRC‑Approved SMR Design Leads US Small‑Modular Reactor Push Ahead of 2033 Launch NuScale Power, the only US firm with NRC‑approved SMR design, aims for commercial launch in 2033; its stock hovers near $11, prompting debate over valuation and long‑term prospects. 2 sources. https://clstr.news/cluster/nuscale-powers-nrcapproved-smr-design-leads-us-smallmodular-reactor-push-ahead-of-2033-launch ### 2026-06-04: SMR technology debated in New Zealand and Canada New Zealand and Canada are evaluating small modular reactors as a low‑carbon energy option, with NZ debating policy shifts and Canada eyeing emission cuts and higher gas exports. 2 sources. https://clstr.news/cluster/smr-technology-debated-in-new-zealand-and-canada ### 2026-06-02: U.S. Department of Energy proposes private use of surplus plutonium, sparking security concerns The DOE is in advanced talks with five nuclear startups to use surplus weapons‑grade plutonium for reactors, prompting Senator Ed Markey and non‑proliferation experts to warn of security, cost and precedentRis— 2 sources. https://clstr.news/cluster/us-department-of-energy-proposes-private-use-of-surplus-plutonium-sparking-security-concerns ### 2026-05-29: SMR Development Boosts Nuclear Energy Stocks and Colorado Policy SMRs are driving growth for nuclear‑related stocks like Fluor, Uranium Energy and Cameco, while Colorado’s 2025 law recognizes nuclear as clean energy and a regional advanced‑nuclear corridor is forming in the 4 sources. https://clstr.news/cluster/smr-development-boosts-nuclear-energy-stocks-and-colorado-policy ### 2026-05-29: Trump administration selects five firms for plutonium fuel deal The Energy Department is negotiating with five firms to use surplus weapons‑grade plutonium for small modular reactors, a move praised for advancing nuclear power but criticized for proliferation risks. 4 sources. https://clstr.news/cluster/trump-administration-selects-five-firms-for-plutonium-fuel-deal ### 2026-05-27: U.S. Energy Dept selects firms to turn Cold War plutonium into reactor fuel The U.S. Energy Department named five firms, including Oklo and its European partner newcleo, to explore converting 20 t of Cold War plutonium into reactor fuel, a move praised for advancing nuclear tech but de 5 sources. https://clstr.news/cluster/us-energy-dept-selects-firms-to-turn-cold-war-plutonium-into-reactor-fuel ### 2026-05-27: U.S. funds Nebraska SMR project and seeks private access to surplus plutonium The U.S. Department of Energy granted $27.8 million to Nebraska for small modular reactors and began negotiations with five firms to use surplus weapons‑grade plutonium as reactor fuel, sparking proliferation‑s 2 sources. https://clstr.news/cluster/us-funds-nebraska-smr-project-and-seeks-private-access-to-surplus-plutonium ### 2026-05-18: U.S. DOE funds and approves SMR projects, boosting nuclear supply chain DOE funds eight SMR projects and approves X‑energy’s Texas reactor, expanding US nuclear supply chain. 2 sources. https://clstr.news/cluster/us-doe-funds-and-approves-smr-projects-boosting-nuclear-supply-chain ### 2026-05-07: US and Europe Accelerate Small Modular Reactor Projects US and Europe are advancing concrete Small Modular Reactor projects, boosting the global SMR market. 3 sources. https://clstr.news/cluster/us-and-europe-accelerate-small-modular-reactor-projects ### 2026-04-23: Czech Republic expands nuclear partnerships with Rolls-Royce SMR and South Korea Czech Republic expands nuclear partnerships with Rolls-Royce SMR and South Korea, signaling progress and potential expansion. 3 sources. https://clstr.news/cluster/czech-republic-expands-nuclear-partnerships-with-rolls-royce-smr-and-south-korea --- Cite as: Global SMR expansion and NuScale financial volatility. CLSTR, https://clstr.news/situations/global-momentum-builds-for-small-modular-reactor-initiatives