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NuScale Power Signs MOU with Associated Electric Cooperative to Explore SMR Deployment

LCG, May 19, 2022--NuScale Power LLC (“NuScale”) and Associated Electric Cooperative (“Associated”) signed a Memorandum of Understanding (MOU) to evaluate NuScale’s VOYGR™ nuclear small modular reactor (“SMR”) technology for potential deployment.

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Energy Harbor and Standard Power Announce Plans to Develop Data Infrastructure Using Carbon-Free Nuclear Power

LCG, May 10, 2022--Energy Harbor Corp. and Standard Power announced yesterday that they have signed a Memorandum of Understanding (MOU) to develop a large-scale, carbon free data infrastructure operation adjacent to Energy Harbor's Beaver Valley nuclear facility, the Davis-Besse Nuclear Station, in Shippingport, Pennsylvania.

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Industry News

Energy Harbor and Standard Power Announce Plans to Develop Data Infrastructure Using Carbon-Free Nuclear Power

LCG, May 10, 2022--Energy Harbor Corp. and Standard Power announced yesterday that they have signed a Memorandum of Understanding (MOU) to develop a large-scale, carbon free data infrastructure operation adjacent to Energy Harbor's Beaver Valley nuclear facility, the Davis-Besse Nuclear Station, in Shippingport, Pennsylvania. Under the terms of the agreement, the partnership will complete the required feasibility analysis to determine optimal engineering, co-location and implementation for a new data center.

“Data infrastructure and the associated technology is energy intensive, and we recognize our responsibility to build a more environmentally sustainable future. Expanding our relationship with Energy Harbor strategically enables us to proactively structure our hosting capabilities to ensure that 100 percent of the power associated with this facility is carbon free,” said Standard Power's Chief Executive Officer.

In phase 1 of the agreement, Standard Power will commit to a 10-year agreement to purchase between 200 and 300 MWs of 100 percent, carbon-free electricity and capacity through a direct connection to the Beaver Valley nuclear facility at a fixed price that reflects the value of the clean, baseload and carbon free attributes of nuclear power. This initial phase of development is expected to come online in 2023 and 2024, with the opportunity to scale development up to 900 MWs in subsequent phases.

Energy Harbor's Chief Operating Officer and Chief Nuclear Officer stated, “We appreciate the opportunity to build upon our strong relationship with Standard Power through this industry-transforming transaction. This effort is an important step in the transformation of the regions around our nuclear plants into Clean Energy Centers (CECs) that will be the necessary 24/7 carbon free, infrastructure backbone of the US economy.”

“This agreement and projects like the clean hydrogen pilot at our Davis-Besse Nuclear Station, demonstrate that clean energy infrastructure development near our nuclear facilities will create additional jobs and economic growth for our local communities. We look forward to the culmination of these efforts as we pursue Clean Energy Center (CEC) projects at our nuclear facilities in Ohio and Pennsylvania,” said Energy Harbor’s President and Chief Executive Officer.President and Chief Executive Officer.
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