Standard Power, a provider of infrastructure for advanced data processing companies, announced plans to build two Small Modular Reactor (SMR) facilities that will together generate nearly 2 GW of clean, carbon-free energy they will be able to produce. To do so, it will work with NuScale Power Corporation (NuScale), the sole technology supplier and manufacturer of US regulatory-approved SMRs, and independent global power developer and producer ENTRA1 Energy (ENTRA1). These companies will support both of Standard Power’s projects.
The facilities will be built in Ohio and Pennsylvania. Standard Power aims to use carbon-free energy to power nearby data centers. As a technology provider, NuScale will contribute its licensed NuScale SMR technology to the projects, the only SMR technology that has received design approval from the world’s leading nuclear safety regulator, the US Nuclear Regulatory Commission.
The development of commercial SMR power plants is an important step towards a sustainable energy future, and will not only help technology data centers achieve their carbon reduction goals, but will also contribute to the creation of a new, clean energy source that is essential for to fulfill highly diversified energy transition needs. Power plants using NuScale’s certified SMR technology provide unparalleled flexibility for utilities, industries and governments looking for ways to reduce carbon dioxide emissions, while also efficiently performing their core power plant duties.
“Countless old grids are being shut down, leaving a shortage of new sustainable grid power generation options, especially as AI-driven computing and data center energy demands continue to grow. We look forward to working with ENTRA1 and NuScale to deploy NuScale’s approved SMR technology to achieve carbon-free baseload power, bridging the current significant gap in the power generation market,” said Maxim Serezhin, Founder and CEO of Standard Power. “By combining the strengths of ENTRA1 with NuScale’s SMR technology in project development and investment, we enable consumers to reduce their carbon footprint and achieve decarbonization goals,
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In 2022, NuScale entered into an exclusive global partnership with ENTRA1 Energy to market NuScale’s SMR technology. Through this partnership, ENTRA1 Energy has the right to develop, manage, own and operate power generation facilities based on NuScale’s licensed SMR technology.
“ENTRA1 Energy has a global network of multi-gigawatt electricity generation projects using NuScale’s approved technology,” explained Clayton Scott, NuScale’s Chief Commercial Officer. “Together, we can more efficiently meet the ever-increasing demand for renewable, carbon-free energy solutions. In the world of semiconductors, artificial intelligence, data and other technology industries, where the demand for power is constantly increasing, ENTRA1 and NuScale occupy a unique position in terms of baseload and stable power supply.”
The innovative, yet simple SMR technology developed by NuScale provides a cost-effective, safe and scalable solution for a very wide spectrum of energy needs, including electricity generation, district heating, desalination, commercial hydrogen production and other applications requiring process heat. NuScale Power Modules™ are completely prefabricated, require no on-site construction, and use conventional nuclear fuel that is widely available and controlled by a robust regulatory framework. This keeps costs low, their development consistent and predictable – and this makes it cheaper to build, operate and maintain power plants using NuScale technology.
“NuScale is excited to work with our strategic partner, ENTRA1, to deploy cost-effective and safe SMR technology to meet Standard Power’s carbon-free energy aspirations,” said John Hopkins, NuScale’s President and CEO. “By bringing NuScale’s innovative SMR technology into the lives of even more consumers around the world, we are taking an important step toward meeting the world’s massive decarbonization needs.”
According to the plans drawn up by Standard Power in relation to the two facilities, NuScale will provide 24 modules with a capacity of 77 MWe, which together will produce 1,848 MWe of clean energy at the Ohio and Pennsylvania sites. The two projects will bring a serious economic boost to the affected communities. According to Standard Power’s estimates, some of the planned data center projects that rely on SMR will require the employment of a large number of skilled workers during the construction period, during which the trade union form will primarily be emphasized. Standard Power will leverage local community partnerships to help advance education and job creation programs with a focus on the local workforce.