Friday, January 21, 2011

Bad news for Corvallis NuScale

For those of you who don't know GT article on NuScale and their problems they've hit a financing issue since their hedge fund manager daddy is being sued by Uncle Sam for misappropriating government dollars (bailout money) for private investment. So NuScale needs a new daddy.

NuScale specializes in scalable nuclear power. That's right modular constructed nuclear power to fit any size. As such being in a highly regulated market makes it very difficult to expand. On the plus side if some kind of energy deal can happen this year, they could profit immensely.

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