From Vision to Market

In 2020, Spring Valley Acquisition Corp. I was formed to identify and partner with a company positioned to transform the Sustainability landscape.
That search led to NuScale Power—and ultimately to a transaction that helped bring the first advanced small modular reactor company to the public markets.
A landmark transaction in clean energy and nuclear innovation.
Equity Value
$ 0 B
Gross Proceeds
~$ 0 M
Redemptions
0 %
3 Mo Avg Traded
~ 0 M
The opportunity

We Build What Markets Follow

Spring Valley I raised $230 million in its November 2020 initial public offering to pursue a business combination in the Sustainability industry.

The team identified an opportunity at the intersection of energy security, sustainability and advanced technology: NuScale Power’s small modular reactor platform.

NuScale is developing a fundamentally different approach to nuclear energy—factory-fabricated, modular reactors designed to deliver reliable, carbon-free power with applications extending beyond electricity generation to hydrogen production and desalination.

For Spring Valley, the opportunity was about more than taking a company public. It was about helping accelerate the commercialization of a technology with the potential to reshape how the world generates clean baseload power.

The Transaction

A Defining Moment for Advanced Nuclear

On December 14, 2021, Spring Valley I announced a definitive agreement to combine with NuScale Power.

The transaction made NuScale Power the first publicly traded pure-play small modular reactor company, giving investors direct access to its next-generation nuclear platform – a significant milestone for both NuScale and the broader nuclear energy industry.

The business combination closed on May 2, 2022, creating the first pure-play SMR company listed on U.S. exchange. The company trades under the ticker SMR.

The Capital

Strategic Capital for Commercialization

The transaction generated approximately $380 million in gross proceeds, including $235 million from strategic and financial investors.

Investors included DS Private Equity, Nucor, Samsung C&T, SailingStone Capital, Segra Capital Management, and Spring Valley’s sponsor, Pearl Energy.

The PIPE was the fifth-largest PIPE of 2022.
The capital provided NuScale with resources to advance commercialization and scale its flagship VOYGR™ small modular reactor platform.

The Outcome

From Public Vehicle to Nuclear Platform

Spring Valley I successfully completed its business combination with NuScale Power in May 2022. The combined company now trades on Nasdaq under the ticker SMR, creating the first publicly traded pure-play small modular reactor company.

Board of Directors

Learn More About the Company

NuScale is a leader in small modular reactor technology, developing modular, factory-fabricated reactors designed to provide reliable, carbon-free energy.

Spring Valley's
Track Record

One Transaction. A Defining Precedent.

The Spring Valley I transaction established a foundation for what followed: identifying high-potential companies operating at the forefront of energy, industrial and sustainability transformation — and creating the pathways needed to help them reach the public markets.

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