Idaho National Laboratory

Nuclear Expert Blasts NuScale (SMR) Amid Investor Suit Arising From Cancelled Idaho Project – Hagens Berman

Retrieved on: 
Monday, January 1, 2024

SAN FRANCISCO, Jan. 01, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Jan. 01, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • In a recent interview with the Bulletin of the Atomic Scientists published on Dec. 18, 2023, Schneider, the lead author of the “World Nuclear Industry Status Report,” was asked to explain the demise of the Idaho project.
  • Schneider reportedly responded, “What happened there is that NuScale had promised in 2008 that it would start generating power by 2015.
  • Schneider’s comments come after the filing of a securities class action suit against NuScale and its executives stemming from the cancelled Idaho project.

Photonis Aids in TerraPower's Mission of Low-Cost and Carbon-Free Energy Solutions With Key Components of Operation

Retrieved on: 
Monday, November 27, 2023

The MCRE project leverages cutting-edge technology and innovation to enhance the capabilities of nuclear reactors in addressing the critical challenge of carbon reduction.

Key Points: 
  • The MCRE project leverages cutting-edge technology and innovation to enhance the capabilities of nuclear reactors in addressing the critical challenge of carbon reduction.
  • "Thereby, TerraPower's Molten Chloride Fast Reactor (MCFR) project expands the ability of nuclear reactor technology to decarbonize the economy in sectors including and beyond electricity.
  • With its high level of knowledge, Photonis' engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow's clean energy running.
  • This first step not only marks a significant achievement for both Photonis/Exosens and TerraPower, but also signifies a crucial milestone in the global pursuit of cleaner and more sustainable energy solutions.

Investors Allege NuScale (SMR) Concealed Facts About Now Canceled Partnership with Utah Power Systems - Hagens Berman

Retrieved on: 
Friday, December 29, 2023

SAN FRANCISCO, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • Schneider reportedly responded, “What happened there is that NuScale had promised in 2008 that it would start generating power by 2015.
  • They have not even actually a certification license for the model that they’ve been promoting in the Utah municipal conglomerate.” (Emphasis added.)
  • Schneider’s comments come after the filing of a securities class action suit against NuScale and its executives stemming from the cancelled Idaho project.

Nuclear Expert Blasts NuScale (SMR) Amid Investor Suit Arising From Cancelled Idaho Project – Hagens Berman

Retrieved on: 
Monday, December 25, 2023

SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • In a recent interview with the Bulletin of the Atomic Scientists published on Dec. 18, 2023, Schneider, the lead author of the “World Nuclear Industry Status Report,” was asked to explain the demise of the Idaho project.
  • Schneider reportedly responded, “What happened there is that NuScale had promised in 2008 that it would start generating power by 2015.
  • Schneider’s comments come after the filing of a securities class action suit against NuScale and its executives stemming from the cancelled Idaho project.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages NuScale (SMR) Investors with Substantial Losses to Contact Firm’s Attorneys, Securities Fraud Lawsuit Pending Over Canceled Partnership with Utah Power Systems

Retrieved on: 
Friday, December 22, 2023

SAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • NuScale Power Corporation (NYSE: SMR) Securities Fraud Class Action:
    “The litigation focuses on whether NuScale misrepresented the commercial viability of its Carbon Free Power Project,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • The class action was filed after NuScale Power announced last month that it had canceled a partnership with Utah Associated Municipal Power Systems that would have seen the first small modular nuclear reactors built in the United States.
  • The project called for six NuScale reactors to be built at the U.S. Department of Energy’s Idaho National Laboratory.

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Tuesday, December 19, 2023

DANBURY, Conn., Dec. 19, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its fourth quarter and fiscal year ended October 31, 2023.

Key Points: 
  • Operating expenses for the fourth quarter of fiscal 2023 increased to $34.9 million from $27.5 million in the fourth quarter of fiscal 2022.
  • Research and development expenses increased to $18.0 million during the fourth quarter of fiscal 2023 compared to $12.2 million in the fourth quarter of fiscal 2022.
  • Net loss was $29.5 million in fourth quarter of fiscal 2023, compared to net loss of $42.0 million in the fourth quarter of fiscal 2022.
  • Adjusted EBITDA totaled $(30.8) million in the fourth quarter of fiscal 2023, compared to Adjusted EBITDA of $(36.1) million in the fourth quarter of fiscal 2022.

NuScale (SMR) Concealed Facts About Now Canceled Partnership with Utah Power Systems, Investor Lawsuit Alleges - Hagens Berman

Retrieved on: 
Monday, December 18, 2023

SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • NuScale Power Corporation (NYSE: SMR) Securities Fraud Class Action:
    “The litigation focuses on whether NuScale misrepresented the commercial viability of its Carbon Free Power Project,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • The class action was filed after NuScale Power announced last month that it had canceled a partnership with Utah Associated Municipal Power Systems that would have seen the first small modular nuclear reactors built in the United States.
  • The project called for six NuScale reactors to be built at the U.S. Department of Energy’s Idaho National Laboratory.

NuScale (SMR) Concealed Facts About Now Canceled Partnership with Utah Power Systems, Investor Lawsuit Alleges - Hagens Berman

Retrieved on: 
Wednesday, December 13, 2023

SAN FRANCISCO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE: SMR) investors who suffered substantial losses to submit your losses now .
  • NuScale Power Corporation (NYSE: SMR) Securities Fraud Class Action:
    “The litigation focuses on whether NuScale misrepresented the commercial viability of its Carbon Free Power Project,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • The class action was filed after NuScale Power announced last month that it had canceled a partnership with Utah Associated Municipal Power Systems that would have seen the first small modular nuclear reactors built in the United States.
  • The project called for six NuScale reactors to be built at the U.S. Department of Energy’s Idaho National Laboratory.

Box Reports Fiscal Third Quarter 2024 Financial Results

Retrieved on: 
Tuesday, December 5, 2023

Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the third quarter of fiscal year 2024, which ended October 31, 2023.

Key Points: 
  • Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the third quarter of fiscal year 2024, which ended October 31, 2023.
  • Billings for the third quarter of fiscal year 2024 were $253.7 million, a 2% decrease, as reported and in constant currency, from billings for the third quarter of fiscal year 2023 of $258.2 million.
  • GAAP operating income in the third quarter of fiscal year 2024 was $11.4 million, or 4.4% of revenue.
  • Non-GAAP operating income in the third quarter of fiscal year 2024 was $64.6 million, or 24.7% of revenue.

Argonne and Idaho National Laboratories Partner with CMBlu Energy for Innovative Long-Duration Energy Storage Project

Retrieved on: 
Monday, December 4, 2023

The U.S. Department of Energy’s (DOE) Argonne National Laboratory, along with Idaho National Laboratory (INL), was chosen by the agency for a demonstration project to validate an innovative long-duration energy storage system developed by battery manufacturer CMBlu Energy.

Key Points: 
  • The U.S. Department of Energy’s (DOE) Argonne National Laboratory, along with Idaho National Laboratory (INL), was chosen by the agency for a demonstration project to validate an innovative long-duration energy storage system developed by battery manufacturer CMBlu Energy.
  • The collaborative project aims to improve microgrids in cold climates and make fast charging of electric vehicles more affordable in underserved communities.
  • Over the course of the project, Argonne and INL will deploy and evaluate CMBlu Energy’s Organic SolidFlow™ battery technology.
  • In the Midwest, Argonne researchers plan to demonstrate the effectiveness of CMBlu’s Organic SolidFlow batteries at the lab’s Smart Energy Plaza .