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Energy & Science

Nuclear-Tech Firm NuScale Gains After Completing SPAC Merger

  • NuScale is only company with NRC approval for small reactor
  • First U.S. power plant with NuScale reactor expected in 2029
John Hopkins
John HopkinsPhotographer: Aaron M. Sprecher/Bloomberg

NuScale Power Corp., an advanced nuclear technology company, rose on its first day of trading after completing a merger with blank-check company Spring Valley Acquisition Corp.

The Fluor Corp.-backed company gained 5.5% to close at $10.55 on Tuesday. It raised $380 million through the deal with the special purpose acquisition company.