Signed a new partnership with NuScale Power
NuScale's SMR technology adopted as standard power's new power supply technology
member of a partnership
■ Standard Power: The data center company for high-performance computing
Founded in 2019, Standard Power has quickly established itself as a data center for high-performance computer companies. Their innovative approach, particularly their adoption of early liquid cooling technology, highlights their commitment to cutting-edge solutions.
■ ENTRA1 Energy: A global innovator in energy production
ENTRA1 Energy LLC is a global powerhouse in energy production. Their diverse portfolio includes electricity production, hydrogen, process heat and brine removal. We have entered into an exclusive strategic partnership with NuScale to be at the forefront of commercializing their SMR technology.
■ NuScale Power Corporation: Leading the SMR Revolution
NuScale Power Corporation is the only SMR technology provider with U.S. regulatory approval. Their technology promises a clean, adaptive and efficient energy future.
Standard Power's groundbreaking announcement
Game-changing announcements have been made in the bustling cities of New York and Portland. Standard Power, which provides infrastructure services to advanced data processing companies, has announced their ambitious plans. The company plans to establish two small modular reactor (SMR) drive facilities, which together will produce approximately 2 GW of clean, carbon-free energy. To realize this vision, Standard Power has joined forces with NuScale Power Corporation, the only SMR technology provider with U.S. regulatory approval, and ENTRA1 Energy, a global energy development and production company.
■ Strategic Facility Location
This state-of-the-art facility will be strategically located in Ohio and Pennsylvania. The main goal is to leverage this zero-carbon energy to power nearby data centers. As the technology provider, NuScale will provide SMR technology approved by the U.S. Nuclear Regulatory Commission for these projects.
■ Transition to a sustainable energy future
The development of commercial SMR power facilities is an important step in the transition to a sustainable energy future. This initiative will help technology data centers achieve their carbon reduction goals, as well as support the development of new clean energy sources to meet a variety of energy transition needs. Power generation facilities using NuScale's certified SMR technology can provide unparalleled flexibility to utilities, industry and governments seeking to maintain efficient baseload power while reducing carbon emissions.
■ Bridging the gap in the electricity market
Maxim Serezhin, founder and CEO of Standard Power, emphasized that the minimum power supply for the operation of data centers is shrinking and that there is a lack of sustainable power supply options on the market, especially as power demand for AI computing and data centers increases. . He said he is looking forward to working with ENTRA1 and NuScale to bridge this large gap by leveraging NuScale's proven SMR technology.
■ Meeting growing energy demands
Clayton Scott, NuScale's Chief Commercial Officer, highlighted ENTRA1 Energy's robust global pipeline of energy production projects, all leveraging NuScale's proven technologies. These synergies are expected to meet the growing demand for renewable, carbon-free energy solutions along with surging power requirements, particularly in sectors such as semiconductors, AI and data, it said.
■ Solving the world’s massive decarbonization needs
NuScale Chairman and CEO John Hopkins said the company is committed to working with strategic partner ENTRA1 to deliver the company's competitive and safe SMR technology. By deploying our innovative NuScale SMR technology to more consumers around the world, the company highlights that it is taking important steps toward addressing the world's massive decarbonization needs.
Conclusion: A look toward a sustainable energy future
The collaboration between Standard Power, NuScale, and ENTRA1 was sufficient to raise expectations for the commercialization and commercialization of NuScale Power's SMR technology. Due to these expectations, the stock price of NuScale Power, which had been in a long-term downward trend, surged by nearly 23% on October 6, presenting an opportunity for a new trend change. It is expected that there will still be a long and arduous journey ahead due to technical concerns about stability and uncertainty about commercialization, but as each and every one of these partnerships comes together to ultimately prove the technological prowess of NuScale Power, this news It appears that the news from Kale Power may be perceived as good news for the overall SMR market.
