NuScale (SMR) Announces Research Program with Ebara Elliott Energy for Steam Compressor Development

NuScale Power Corporation (NYSE:SMR) is one of the 8 Must-Buy Nuclear Energy Stocks to Invest In. On March 19, 2026, NuScale Power Corporation (NYSE:SMR) announced a collaborative research program with Ebara Elliott Energy to develop and field test a commercial-scale high-temperature steam compressor aimed at integrating NuScale Power Modules with petrochemical plants requiring process heat. The company said its SMR technology remains the “first and only” design to receive approval from the U.S. Nuclear Regulatory Commission, reinforcing its positioning in advanced nuclear. The program will focus on the development and integration of turbomachinery and energy systems, with a target completion in 2027 as partners begin identifying candidates for field testing.

On March 18, 2026, UBS lowered its price target on NuScale to $13 from $20 and maintained a Neutral rating. The firm remains cautiously optimistic on U.S. nuclear development but flagged risks around capital intensity, project delays, and potential cost overruns.

Last month, NuScale reported FY25 revenue of $31.5M compared with $37M in the prior year. CEO John Hopkins described 2025 as a “breakthrough year,” citing progress in commercialization efforts and continued leadership as an SMR “first mover.” He pointed to a nonbinding agreement with TVA to deploy up to 6 gigawatts of SMR capacity and reiterated that NuScale remains the only SMR developer with an NRC-approved design, positioning the company at the forefront of next-generation nuclear deployment.

NuScale Power Corporation (NYSE:SMR) develops and commercializes small modular reactor technology through its NuScale Power Module platform.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None.  Follow Insider Monkey on Google News.