NuScale’s TVA deal could yield 6 to 8 gigawatts, CEO says

NuScale Power just landed what could become the single largest small modular reactor program ever attempted in the United States. CEO John Hopkins revealed during the company’s Q2 2026 earnings call that the potential power purchase agreement linked to the Tennessee Valley Authority could scale to between 6 and 8 gigawatts of new nuclear capacity. To put that in perspective, TVA currently operates roughly 8.3 GW of nuclear capacity across its entire fleet. NuScale is essentially proposing to nearly double that figure with a technology that has never been deployed at commercial scale. How the deal is structured The arrangement runs through ENTRA1 Energy, NuScale’s exclusive global strategic partner. Under a 50/50 joint venture, ENTRA1 will finance, own, and operate six nuclear plants built with NuScale’s small modular reactor technology across TVA’s service region in the Southeastern United States. The power generated from these facilities would be sold to TVA under future power purchase agreements. NuScale provides the reactor design and technology. ENTRA1 brings the capital and takes on ownership risk. TVA gets firm, carbon-free baseload power without building the plants itself. T...