By Chris Wack
NuScale Power shares were up 20% to $5.60 after the company said Standard Power plans to develop two small modular reactor-powered facilities and has chosen to work with NuScale Power and ENTRA1 Energy.
The stock hit its 52-week low of $4.47 on Tuesday, and is down 52% in the past 12 months.
The two facilities, to be located in Ohio and Pennsylvania, will together produce nearly 2 gigawatts of clean, carbon-free energy.
NuScale will provide its approved NuScale SMR Technology for these projects.
In 2022, NuScale formed an exclusive global partnership with ENTRA1 Energy to commercialize the NuScale SMR Technology. Through the partnership, ENTRA1 Energy has the rights to develop, manage, own and operate energy production plants powered by NuScale’s approved SMR technology.
Write to Chris Wack at [email protected]
By Chris Wack
NuScale Power shares were up 20% to $5.60 after the company said Standard Power plans to develop two small modular reactor-powered facilities and has chosen to work with NuScale Power and ENTRA1 Energy.
The stock hit its 52-week low of $4.47 on Tuesday, and is down 52% in the past 12 months.
The two facilities, to be located in Ohio and Pennsylvania, will together produce nearly 2 gigawatts of clean, carbon-free energy.
NuScale will provide its approved NuScale SMR Technology for these projects.
In 2022, NuScale formed an exclusive global partnership with ENTRA1 Energy to commercialize the NuScale SMR Technology. Through the partnership, ENTRA1 Energy has the rights to develop, manage, own and operate energy production plants powered by NuScale’s approved SMR technology.
Write to Chris Wack at [email protected]
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