Paragon awarded NuScale SMR contract
Analysis based on 7 articles · First reported Jun 17, 2026 · Last updated Jun 17, 2026
The contract award to Paragon 28 by Oglethorpe Power is expected to positively impact both companies. For Oglethorpe Power, it advances the development of its Small Modular Reactor technology, potentially accelerating its deployment and market penetration in the clean energy sector. For Paragon 28, it solidifies its position as a key supplier of safety-critical systems in the nuclear industry, potentially leading to increased revenue and market share for its parent company, Mirion Technologies.
Paragon 28, a Mirion Technologies company, has been awarded a contract by Oglethorpe Power to finalize the design development of its Highly Integrated Protection System (HIPS) for the NuScale Power (NPM). This system is crucial for the safety and control of Oglethorpe Power's advanced small modular reactors, which are the first and only SMR design approved by the United States — Nuclear Regulatory Commission. The contract involves completing engineering and design for three critical instrumentation and control systems: the Module Protection System (MPS), Safety Data Interface System (SDIS), and Plant Protection System (PPS). This collaboration is a significant step towards bringing Oglethorpe Power's SMR technology into operation, aiming to deliver reliable, carbon-free power.
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