NuScale Power Announces Leadership Change to Propel Small Modular Reactor Innovation

NuScale Power Welcomes New Leadership as It Advances Small Modular Reactor Technology

NuScale Power Corporation, a pioneering entity in the field of advanced small modular reactor (SMR) technology, announces that Alan Boeckmann will assume the role of Non-Executive Chairman of its Board of Directors on January 15, 2025. Boeckmann, who has served on the board since December 2020, will succeed Jim Hackett, who is transitioning to become Lead Independent Director at Fluor Corporation. Hackett, who has held the position of Non-Executive Chairman since NuScale’s public listing in 2022, steps down to ensure compliance with corporate governance standards regarding board membership limits. This leadership transition signifies a strategic move for NuScale as it continues to position itself at the forefront of the nuclear energy sector.

NuScale Power is dedicated to facilitating the global energy transition by providing safe, scalable, and reliable carbon-free energy solutions. Its flagship product, the NuScale Power Module™, generates 77 megawatts of electricity (MWe) per module and can be configured in up to 12 modules to produce a total of 924 MWe. This flexibility allows NuScale to cater to a diverse range of applications, including electrical generation, data centers, and hydrogen production. The company’s innovative technology is particularly significant as it is the first SMR to receive design certification from the U.S. Nuclear Regulatory Commission, highlighting NuScale’s commitment to safety and regulatory compliance in delivering nuclear energy solutions.

With a strong connection to Fluor Corporation, which remains NuScale's largest shareholder, the company is well-positioned to leverage collaborative efforts in advancing nuclear technology. NuScale emphasizes its commitment to expanding the applications of its SMR technology, striving to meet the increasing demand for sustainable energy sources. The company also stresses the importance of transparency and communication with stakeholders, encouraging engagement through its website and social media platforms. This proactive approach, coupled with a seasoned leadership team, reinforces NuScale's position as a leader in the evolving landscape of nuclear energy.

In addition to the leadership change, NuScale Power continues to emphasize the significance of its innovative technologies in addressing global energy challenges. The company stands at the intersection of energy needs and environmental responsibility, aiming to provide solutions that are not only efficient but also sustainable. As the nuclear sector faces increasing scrutiny and demands for cleaner energy, NuScale’s advancements in SMR technology may play a crucial role in transitioning towards a low-carbon future.

NuScale Power’s announcement also includes a caution about forward-looking statements, underlining the risks and uncertainties associated with future projections. This reminder highlights the dynamic nature of the energy industry, where technological advancements and regulatory changes can profoundly impact operational strategies and market positioning.