Total committed PIPE investment increased from $211 million to $221 million Additional institutional investment demonstrates strong investor support for NuScale's technology and business combination
NuScale Power, LLC (“NuScale” or the “Company”), the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (SMR) technology, and Spring Valley Acquisition Corp.
NuScale Power has announced plans to merge with Spring Valley Acquisition Corp to create a new "first of its kind" energy company to accelerate the commercialisation of NuScale's small modular reactor. The new publicly listed company will be named NuScale Power Corporation and is projected to be 60%-controlled by NuScale's current majority owner Fluor Corporation.