Two companies positioned to capitalize on the booming small modular reactor market are NuScale Power (NYSE: SMR) and GE Vernova (NYSE: GEV), each taking a strikingly different approach to the technology. NuScale holds a significant regulatory advantage, as its VOYGR is the only SMR to have received full design certification approval from the U.S. Nuclear Regulatory Commission. NuScale does not expect its reactors in Romania and the United States to come online until the early 2030s, meaning neither company will be generating meaningful nuclear power revenue in the near term. Less than 3% of GE Vernova’s current revenue comes from nuclear energy, but that share is expected to grow substantially once the company begins deploying its BWRX-300 reactors commercially. GE Vernova’s broader business foundations, diversified revenue streams, and clearer near-term deployment timeline make it the more compelling SMR investment compared to the higher-risk, pure-play bet that NuScale represents.