<p><strong>NuScale Power</strong>（SMR 1.69%）有着引人入胜的历史。该公司成立于 2007 年，使命是创造世界上第一个能够在现实世界中得到应用的小型模块化核反应堆。2011 年，当 Fluor（FLR 1.88%）购买了大多数股权时，公司获得了巨大的推动。Fluor 随后在该项目上投资了数亿美元，并至今保持其控股地位。</p>
<p>在 2022 年，NuScale 通过与一家特殊目的收购公司合并上市，使普通投资者有机会投资于这一新兴技术的潜力。</p>
<p>自 2024 年以来，NuScale 的股价飙升超过 1000%。然而，该公司的市值仍仅为 100 亿美元。如果你在寻找能够让你成为百万富翁的股票，有两个明显的理由让你对 NuScale 给予高度关注。</p>
<h2>小型核能可能是一个巨大的市场</h2>
<p>世界对新型能源的需求迫切。全球人口持续增长，而几个主要发展中国家的中产阶级迅速崛起，导致电力需求在许多地区激增。再加上对可再生能源需求的上升，结果是为小型核能等新兴技术创造了非常有利的环境。</p>
<p>小型核反应堆，其缩写影响了 NuScale 的股票代码，基本上是可以在现场外建造并运输到需要的地方的紧凑型核电站。这些反应堆相对较小，意味着它们的发电能力不如传统核电站，但在每单位的建设成本上显著更便宜，运行起来也可以简单得多，并且易于扩展。</p>
<p>曾几何时，许多分析师认为美国再也不会建造新的核电站。监管障碍、公众恐惧和高成本困扰着大多数新核电项目的推进。然而，随着对可再生能源需求的上升，这一叙述发生了变化，现在美国政府认为到 2050 年该国的核能发电量将增加三倍。全球需求预计也将以类似的速度增长，国际能源署本月早些时候上调了其核能增长预测。</p>
<p>小型模块化反应堆也正在被探索用于为数据中心供电——这些关键基础设施正在推动人工智能技术的快速发展。许多人工智能基础设施企业正在寻求建设新的核设施，以支持其对低碳电力日益增长的需求。小型太阳能可能有助于满足这一需求，尤其是在寒冷和偏远地区，那里冷却成本理论上会更低，但当地电力供应稀缺。</p>
<p>总的来说，小型模块化反应堆可能是满足全球日益增长的能源需求的关键工具。正如我们接下来将了解到的，NuScale 在这一新兴市场中处于独特的领先地位。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NTMvZ2V0dHlpbWFnZXMtMTM5ODg4NDk4My0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NTMvZ2V0dHlpbWFnZXMtMTM5ODg4NDk4My0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>NuScale Power 是小型核能投资者的明确选择</h2>
<p>NuScale 并不是唯一一家追求小型模块化反应堆的公司。像 <strong>Oklo</strong>、<strong>BWX Technologies</strong> 和 <strong>NANO Nuclear Energy</strong> 等公司也在大力投资以将 SMR 推向市场。还有其他几家公共和私人实体也在某种程度上投资于这一领域。但 NuScale 的早期进入者地位使其具有显著优势。</p>
<p>NuScale 最大的优势在于它是美国唯一一家获得 NRC 认证的小型模块化反应堆制造商。核能监管委员会（Nuclear Regulatory Commission）颁发的认证授予核电站设计在现实应用中建设的正式批准。这个批准过程可能需要数年时间，反应堆必须满足严格的安全要求。</p>
<p>NuScale 已经有十多个模块在生产中，这意味着现实世界的部署应该很快就会发生。一般来说，NuScale 的大多数竞争对手在实际认证和部署方面落后 1 到 3 年。</p>
<p>当然，SMR 市场目前仍然非常小。但最近的认证、投资者的关注增加以及来自对电力需求旺盛的行业（如人工智能）的迅速增长，表明增长的高峰即将到来。NuScale 的早期进入者优势使其成为投资者的明显首选。</p>
<p>请记住，这仍然是一个早期阶段的机会。NuScale 尚未实现盈利。管理层为了维持运营，严重稀释了股东权益，同时依赖于认购权的行使来带来额外的现金流。账面上不到 5 亿美元的资金，NuScale 将继续筹集外部资本以资助其增长梦想。但如果你相信模块化核能，NuScale 仍然是你的首选。</p>

<p>NuScale Power 是一家小型模块化核反应堆（SMR）领域的领导者，自 2024 年以来，其股价飙升超过 1000%，但市值仅为 100 亿美元。由于全球人口不断增长以及对可再生能源的需求，新的能源来源的需求为 NuScale 带来了有利的市场环境。作为美国唯一获得 NRC 认证的 SMR 制造商，NuScale 拥有显著的早期市场优势。尽管面临实现盈利和需要筹集资金等挑战，NuScale 仍被视为对模块化核能感兴趣的投资者的首选投资</p>

<p><strong>NuScale Power</strong>(SMR 1.69%) has a fascinating history. Founded in 2007, the company's mission was to create the world's first small modular nuclear reactor that would actually see real-world adoption. In 2011, the company received a huge boost when Fluor (FLR 1.88%) purchased a majority stake. Fluor would go on to invest hundreds of millions of dollars in the project, retaining its majority stake to this day.</p>
<div class="lb-trans"><p><strong>NuScale Power</strong>（SMR 1.69%）有着引人入胜的历史。该公司成立于 2007 年，使命是创造世界上第一个能够在现实世界中得到应用的小型模块化核反应堆。2011 年，当 Fluor（FLR 1.88%）购买了大多数股权时，公司获得了巨大的推动。Fluor 随后在该项目上投资了数亿美元，并至今保持其控股地位。</p>
</div><p>In 2022, NuScale went public by merging with a special purpose acquisition company, giving everyday investors a chance to invest in the potential of this emerging technology.</p>
<div class="lb-trans"><p>在 2022 年，NuScale 通过与一家特殊目的收购公司合并上市，使普通投资者有机会投资于这一新兴技术的潜力。</p>
</div><p>Since 2024, shares of NuScale have soared by over 1,000%. Yet the company's market capitalization remains at just $10 billion. If you're looking for stocks that can make you a millionaire, there are two obvious reasons to give NuScale strong consideration.</p>
<div class="lb-trans"><p>自 2024 年以来，NuScale 的股价飙升超过 1000%。然而，该公司的市值仍仅为 100 亿美元。如果你在寻找能够让你成为百万富翁的股票，有两个明显的理由让你对 NuScale 给予高度关注。</p>
</div><h2>Small-scale nuclear power could be a gigantic market</h2>
<div class="lb-trans"><h2>小型核能可能是一个巨大的市场</h2>
</div><p>The world is thirsty for new forms of energy. Global populations remain on the rise, while a burgeoning middle class in several major developing countries is causing electricity demand to spike throughout many parts of the world. Throw in rising demand for renewable energy, and the result is a very favorable environment for emerging technologies like small-scale nuclear.</p>
<div class="lb-trans"><p>世界对新型能源的需求迫切。全球人口持续增长，而几个主要发展中国家的中产阶级迅速崛起，导致电力需求在许多地区激增。再加上对可再生能源需求的上升，结果是为小型核能等新兴技术创造了非常有利的环境。</p>
</div><p>Small nuclear reactors, the acronym of which influenced NuScale's ticker choice, are essentially compact nuclear power plants that can be built off-site and then shipped to wherever they are needed. The relatively small size of these reactors means that they don't produce as much power as a traditional nuclear power plant, but they are significantly cheaper to build on a per-unit basis, can be much simpler to run, and are easily scalable.</p>
<div class="lb-trans"><p>小型核反应堆，其缩写影响了 NuScale 的股票代码，基本上是可以在现场外建造并运输到需要的地方的紧凑型核电站。这些反应堆相对较小，意味着它们的发电能力不如传统核电站，但在每单位的建设成本上显著更便宜，运行起来也可以简单得多，并且易于扩展。</p>
</div><p>At one point, many analysts believed there would never be a nuclear plant built on U.S. soil ever again. Regulatory barriers, citizens' fears, and high costs plagued most efforts to get new nuclear power online. Rising demand for renewable power has changed that narrative, however, and now the U.S. government believes the country's nuclear generation will triple by 2050. Globally, demand is expected to rise by similar rates, with the International Energy Agency upping its nuclear growth predictions earlier this month.</p>
<div class="lb-trans"><p>曾几何时，许多分析师认为美国再也不会建造新的核电站。监管障碍、公众恐惧和高成本困扰着大多数新核电项目的推进。然而，随着对可再生能源需求的上升，这一叙述发生了变化，现在美国政府认为到 2050 年该国的核能发电量将增加三倍。全球需求预计也将以类似的速度增长，国际能源署本月早些时候上调了其核能增长预测。</p>
</div><p>Small modular reactors are also being explored to power data centers -- critical infrastructure that is powering the massive rise in artificial intelligence technologies. Many AI infrastructure businesses are looking to build out new nuclear facilities to support their growing need for low-carbon power. Small-scale solar could help satisfy this need, especially in cold and remote areas where cooling costs would theoretically be lower, but local power generation is scarce.</p>
<div class="lb-trans"><p>小型模块化反应堆也正在被探索用于为数据中心供电——这些关键基础设施正在推动人工智能技术的快速发展。许多人工智能基础设施企业正在寻求建设新的核设施，以支持其对低碳电力日益增长的需求。小型太阳能可能有助于满足这一需求，尤其是在寒冷和偏远地区，那里冷却成本理论上会更低，但当地电力供应稀缺。</p>
</div><p>All in all, small modular reactors could be a critical tool in meeting the world's rising energy needs. And as we'll learn next, NuScale is uniquely positioned to lead in this emerging market.</p>
<div class="lb-trans"><p>总的来说，小型模块化反应堆可能是满足全球日益增长的能源需求的关键工具。正如我们接下来将了解到的，NuScale 在这一新兴市场中处于独特的领先地位。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE3NTMvZ2V0dHlpbWFnZXMtMTM5ODg4NDk4My0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831753%2Fgettyimages-1398884983-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>NuScale Power is the clear choice for small-scale nuclear investors</h2>
<div class="lb-trans"><h2>NuScale Power 是小型核能投资者的明确选择</h2>
</div><p>NuScale isn't the only company pursuing small modular reactors. Companies like <strong>Oklo</strong>, <strong>BWX Technologies</strong>, and <strong>NANO Nuclear Energy</strong> are also investing heavily to bring SMRs to market. Several other public and private entities are also investing in the space in some capacity. But NuScale's early mover position gives it a notable advantage.</p>
<div class="lb-trans"><p>NuScale 并不是唯一一家追求小型模块化反应堆的公司。像 <strong>Oklo</strong>、<strong>BWX Technologies</strong> 和 <strong>NANO Nuclear Energy</strong> 等公司也在大力投资以将 SMR 推向市场。还有其他几家公共和私人实体也在某种程度上投资于这一领域。但 NuScale 的早期进入者地位使其具有显著优势。</p>
</div><p>The biggest advantage for NuScale is that it is the only SMR maker in the U.S. that is NRC certified. The Nuclear Regulatory Commission issues certifications that grant formal approval for a nuclear power plant design to be constructed in real-world applications. This approval process can take years to complete, with the reactor meeting strict safety requirements.</p>
<div class="lb-trans"><p>NuScale 最大的优势在于它是美国唯一一家获得 NRC 认证的小型模块化反应堆制造商。核能监管委员会（Nuclear Regulatory Commission）颁发的认证授予核电站设计在现实应用中建设的正式批准。这个批准过程可能需要数年时间，反应堆必须满足严格的安全要求。</p>
</div><p>NuScale already has a dozen modules in production, meaning that real-world deployments should happen relatively soon. In general, most of NuScale's competition is one to three years behind when it comes to actual certification and deployment.</p>
<div class="lb-trans"><p>NuScale 已经有十多个模块在生产中，这意味着现实世界的部署应该很快就会发生。一般来说，NuScale 的大多数竞争对手在实际认证和部署方面落后 1 到 3 年。</p>
</div><p>To be sure, the SMR market remains very small for now. But recent certifications, growing attention from investors, and rapidly rising energy demand from power-hungry industries like AI suggest a spike in growth is on the way. NuScale's early mover advantage makes it an obvious first choice for investors.</p>
<div class="lb-trans"><p>当然，SMR 市场目前仍然非常小。但最近的认证、投资者的关注增加以及来自对电力需求旺盛的行业（如人工智能）的迅速增长，表明增长的高峰即将到来。NuScale 的早期进入者优势使其成为投资者的明显首选。</p>
</div><p>Just remember, this is an early stage opportunity. NuScale has yet to achieve profitability. Management has diluted shareholders heavily to stay afloat, while also relying on warrants being exercised to bring in extra cash flow. With less than $500 million on the books, NuScale will continue to raise outside capital to fund its growth dreams. But if you're a believer in modular nuclear power, NuScale remains your top pick.</p>
<div class="lb-trans"><p>请记住，这仍然是一个早期阶段的机会。NuScale 尚未实现盈利。管理层为了维持运营，严重稀释了股东权益，同时依赖于认购权的行使来带来额外的现金流。账面上不到 5 亿美元的资金，NuScale 将继续筹集外部资本以资助其增长梦想。但如果你相信模块化核能，NuScale 仍然是你的首选。</p>
</div>

预测：NuScale Power 将成为造富股票的两个原因