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SMR News & Events

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SMR News

NuScale Power Innovates with Small Modular Reactors

3d agoFool

NuScale Power's Market Prospects for Small Modular Reactors

21h agoFool

NuScale Power Faces Legal Challenges and Revenue Decline

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2d agoNASDAQ.COM

SMR Events

06/17 07:00
Paragon Awarded Contract by NuScale to Develop HIPS System
Paragon, a Mirion Technologies company and a leading supplier of safety-related products and components for the nuclear industry, has been awarded a contract by NuScale Power to complete final design development of Paragon's Highly Integrated Protection System, or HIPS, for the NuScale Power Module, or NPM. NuScale has the first and only SMR design to be approved by the U.S. Nuclear Regulatory Commission, or NRC. Nuclear plants that deploy NPMs will feature one common control room that supports up to 12 NuScale Power Modules, each capable of generating up to 77 megawatts of clean, carbon-free power. Under the contract, Paragon will complete the non-recurring engineering and design deliverables for three critical instrumentation and control systems built on the HIPS platform. The Module Protection System is a nuclear safety-related reactor protection system that safeguards each individual NPM. The Safety Data Interface System is an augmented quality, post-accident monitoring system that provides operators with essential plant data in the event of an incident. The Plant Protection System is a non-safety-related system responsible for control room habitability functions such as HVAC. The contract also includes Independent Verification and Validation services for MPS development, an important step in qualifying safety-critical software for nuclear applications.

SMR Monitor News

NuScale Power's stock rises amid market optimism and revenue forecasts

Jun 18 2026

NuScale Power's NRC Approval and Japanese Investment Boost Market Outlook

Jun 17 2026

Japan Plans $25 Billion Investment in NuScale Power's SMR Projects

Jun 16 2026

Japan to Invest $25 Billion in NuScale Power's SMR Projects

Jun 15 2026

Eagle Nuclear Partners with Tensor Medium to Enhance SMR Program

Jun 12 2026

NuScale Power Faces Challenges Amid Market Weakness

Jun 10 2026

NuScale Power Elects New Board Members to Strengthen Leadership

Jun 09 2026

NuScale Power Faces Challenges Amid Rising Project Costs

Jun 05 2026

SMR Earnings Analysis

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