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NuScale Power (NYSE:SMR) +15.3% in Friday’s trading after Standard Power chose its small modular reactor technology to power two facilities it plans to develop, one in Ohio and one in Pennsylvania to provide nearly 2 GW of clean energy for data centers.
ENTRA1 Energy, an independent global energy development and production company, also will support Standard Power’s two projects.
NuScale (SMR) received approval from the U.S. Nuclear Regulatory Commission for its 50 MWe design in 2020 and design certification in 2023, making it the first and only SMR technology to achieve either milestone; the company’s 77 MWe uprated design is currently under review with the NRC.
Standard Power – which provides infrastructure for advanced data processing companies – said if initial plans for the two facilities are ultimately realized, NuScale (SMR) would provide 24 units of 77 MWe modules for a combined capacity of 1,848 MWe.
