NuScale Power Corporation (NYSE:SMR) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Corporate Participants

Scott Kozak - Director, Investor Relations
John Hopkins - President and Chief Executive Officer
Ramsey Hamady - Chief Financial Officer

Conference Call Participants

George Gianarikas - Canaccord Genuity
Marc Bianchi - TD Cowen
Ryan Pfingst - B. Riley Securities

Operator

Good afternoon and welcome to NuScale's Second Quarter 2024 Earnings Results Conference Call. Today's call is being recorded. All participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. [Operator Instructions] A replay of today's conference call will be available and accessible on NuScale's website at ir.nuscalepower.com. The web replay will be available for 30 days following the earnings call.

At this time, for opening remarks, I'd like to turn the call over to Scott Kozak, Director of Investor Relations. Please go ahead, Mr. Kozak.

Scott Kozak

Thank you, operator. Welcome to NuScale's second quarter 2024 earnings results conference call. With us today are John Hopkins, President and Chief Executive Officer, and Ramsey Hamady, Chief Financial Officer.

On today's call, NuScale will provide an update on our business and discuss financial results. We will then open the phone lines for questions. This afternoon, we posted a set of supplemental slides on our Investor Relations website.

As reflected in the Safe Harbor statements on Slide two, the information set forth in the presentation we discussed during the course of our remarks and the subsequent Q&A session includes forward-looking statements which reflect our current views of existing trends and are subject to a variety of risks and uncertainties. You can find a discussion of our risk factors which could potentially contribute to such differences in our SEC filings and Form 10-K for our fiscal year 2023 and in our prior SEC filings.

I'll now turn the call over to John Hopkins, NuScale's President and Chief Executive Officer. John?

John Hopkins

Thank you, Scott, and good afternoon, everyone. To begin, I'll give an update on recent developments with the RoPower project as outlined on Slide three.

In mid-July, SNN and RoPower were authorized to proceed with Phase 2 front-end engineering design or FEED. Later that month, NuScale attended a RoPower Fluor signing ceremony in Romania to announce the authorization to proceed on the contracting of Phase 2 FEED with the Doicesti between Fluor and RoPower. Along with the representatives from SNN, the Romanian government, and the U.S. Secretary of Energy, Jennifer Granholm. We are working as a subcontractor under Fluor to provide NuScale SMR power modules.