Several corporate investors have backed a series A5 round for the clean nuclear energy technology developer that leverages Oregon State University research.
NuScale Power, a US-based developer of small modular reactor (SMR) technology, raised $152m in series A5 funding yesterday from investors including conglomerates Doosan Group and GS Group.
The two took part in the round through Doosan Heavy Industries and Construction and GS Energy respectively, while engineering firms IHI Corporation and Sarens, construction group Samsung C&T and energy consultancy Sargent & Lundy invested directly.
Spun out of Oregon State University in 2007, NuScale is working on SMR-equipped nuclear power plants that…
