First Small-Scale Nuclear Reactor May Be Just Eight Years Away

The world’s first small-scale nuclear power reactor may be just eight years away.

NuScale Power LLC, which is leading global efforts to build a so-called small modular reactor, is seeking as much as $120 million in equity investment to accelerate design of a matching power generator.

The company has already spent more than $700 million, and has “hundreds of millions of dollars more to spend,” Chief Financial Officer Jay Surina said in an interview on the sidelines of the Bloomberg New Energy Finance Future of Energy Summit in New York.

“We could use another investor or two,” he said. ...