The Tennessee Valley Authority (TVA) project, if built, would be the world's largest small modular reactor (SMR) facility. NuScale Power is currently the only company in the U.S. approved by regulators to build an SMR system. A signed power purchase agreement (PPA) is crucial for the project to move forward and could be announced as early as the company's next earnings. The market remains skeptical due to NuScale's history of canceled projects, which has weighed on its stock price.