Standard Power’s Two Advanced Nuclear Energy
Facilities are planned in Ohio and Pennsylvania to Provide Nearly
2GW of Clean Energy for Data Centers
Standard Power Plans to be Operational by
2029
Standard Power, a provider of infrastructure as
a service to advanced data processing companies, announced its
plans to develop two small modular reactor (SMR)-powered facilities
that will together produce nearly 2GW of clean, carbon free energy
and has chosen to work with technology provider NuScale Power
Corporation (NuScale) (NYSE: SMR), the only technology provider and
producer of SMRs that has obtained U.S. regulatory approval, and
ENTRA1 Energy (ENTRA1), an independent global energy development
and production company, to support Standard Power’s two
projects.
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The facilities will be located in Ohio and Pennsylvania.
Standard Power aims to use the carbon-free energy to power nearby
data centers. As the technology provider, NuScale will provide its
approved NuScale SMR Technology for these projects, the only SMR
technology that has received design approval from the United States
Nuclear Regulatory Commission – a world-class regulator for nuclear
safety.
The development of a commercial SMR power facility is a crucial
step in the transition to a sustainable energy future and will not
only help technology data centers achieve carbon reduction targets,
but will also support the development of a new clean energy source
to meet diverse energy transition needs. Power plant facilities
using NuScale’s certified SMR technology can provide unmatched
flexibility for utilities, industrials and governments looking to
reduce carbon emissions while maintaining efficient baseload
power.
“We see a lot of legacy baseload grid capacity going offline
with a lack of new sustainable baseload generation options on the
market especially as power demand for artificial intelligence
(AI)-computing and data centers is growing. We look forward to
working with ENTRA1 and NuScale to deploy NuScale’s proven SMR
technology to deliver carbon-free, baseload energy to address this
large gap in the generation market,” said Maxim Serezhin, Standard
Power Founder and Chief Executive Officer. “By bringing together
ENTRA1’s superior strengths in project development and investment
with NuScale’s proven SMR technology, consumers can reduce their
emissions footprint and help meet decarbonization goals while
delivering the reliable 24/7 service to energy consumers.”
In 2022, NuScale formed an exclusive global partnership with
ENTRA1 Energy to commercialize the NuScale SMR Technology. Through
this partnership, ENTRA1 Energy has the rights to develop, manage,
own and operate energy production plants powered by NuScale’s
approved SMR technology.
“ENTRA1 Energy has a strong global pipeline of energy production
projects of multiple gigawatts of power generation with NuScale’s
proven technology,” said Clayton Scott, NuScale Chief Commercial
Officer. “Together, we can more effectively meet the growing
demands for renewable, carbon-free energy solutions. With power
demand growing in the semiconductor, AI, data and other tech
sectors, ENTRA1 and NuScale are uniquely positioned to supply
baseload and reliable power.”
The innovative yet simple design of NuScale’s SMR technology
provides a cost-competitive, safe and scalable solution for a wide
range of energy needs – including power generation, district
heating, desalination, commercial-scale hydrogen production and
other process heat applications. NuScale Power Modules™ are fully
factory-fabricated with no in-field construction and operate with
conventional nuclear fuel, which is widely available and has an
established regulatory framework. This keeps costs low, consistent
and predictable – and makes power plants using NuScale technology
less expensive to build, operate and maintain.
“NuScale is excited to work with our strategic partner ENTRA1 to
help deliver our cost-competitive and safe SMR technology to meet
Standard Power’s carbon-free energy needs,” said John Hopkins,
NuScale President and Chief Executive Officer. “By deploying our
innovative NuScale SMR Technology to more consumers around the
world, we’re taking an important step toward addressing the world’s
enormous decarbonization needs.”
Based on Standard Power’s plans for the two facilities, NuScale
will end up providing 24 units of 77 MWe modules collectively
producing 1,848 MWe of clean energy from both the Ohio and
Pennsylvania sites. The two projects will represent a significant
economic boost for their respective communities. Standard Power
estimates that each proposed SMR-powered data center project will
employ a significant number of skilled workers during the
construction period with a focus on union labor. Standard Power
will leverage its local community partnerships to advance education
programs as well as job creation programs focusing on local
labor.
About Standard Power
Standard Power is a leading hosting provider for high
performance computer companies providing services from early 2019.
Standard Power leverages its infrastructure management expertise to
develop modular data centers. As part of its Tier III+ data center
designs, Standard Power focuses on technologies that support high
performance computing and is one of the first to adopt liquid
cooling technology. Standard Power has developed robust designs and
systems to provide large-scale high performance compute
infrastructure to institutional customers.
To learn more, visit Standard Power’s website.
About NuScale Power
NuScale Power Corporation (NYSE: SMR) is the industry-leading
provider of proprietary and innovative advanced small modular
reactor (SMR) nuclear technology, with a mission to help power the
global energy transition by delivering safe, scalable, and reliable
carbon-free energy. The company’s groundbreaking SMR technology is
powered by the NuScale Power Module™, a small, safe, pressurized
water reactor that can each generate 77 megawatts of electricity
(MWe) or 250 megawatts thermal (gross), and can be scaled to meet
customer needs through an array of flexible configurations up to
924 MWe (12 modules) of output.
As the first and only SMR to have its design certified by the
U.S. Nuclear Regulatory Commission, NuScale is well-positioned to
serve diverse customers across the world by supplying nuclear
energy for electrical generation, district heating, desalination,
commercial-scale hydrogen production, and other process heat
applications.
Founded in 2007, NuScale is headquartered in Portland, Ore. To
learn more, visit NuScale Power’s website or follow us on
LinkedIn, Facebook, Instagram, X and
YouTube.
About ENTRA1 Energy
ENTRA1 Energy LLC is an American independent global energy
production company developing, financing and owning plants, with a
diversified portfolio across the production of electricity,
hydrogen, process heat and desalinated water. ENTRA1 Energy is
NuScale's exclusive global strategic partner commercializing the
NuScale SMR Technology. Through this partnership, ENTRA1 develops,
finances, owns and operates energy production plants powered by the
NuScale SMR Technology. As different parts of the world adopt new
ways related to energy transition and sustainable infrastructure,
ENTRA1 Energy believes in contributing skillsets in development,
management, execution and operation of large-scale plants.
To learn more, visit ENTRA1 Energy’s website or follow us on
X.
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version on businesswire.com: https://www.businesswire.com/news/home/20231006286295/en/
Standard Power Media Contact Maxim Serezhin, Chief
Executive Officer, Standard Power contact@standardpwr.com
NuScale Power Media Contact Diane Hughes, Vice President,
Marketing & Communications, NuScale Power
dhughes@nuscalepower.com (503) 270-9329
NuScale Power Investor Contact Scott Kozak, Director,
Investor Relations, NuScale Power skozak@nuscalepower.com (541)
452-7583
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