Elementl Launches Nuclear Capital Vehicle
Partnering with DS Investment Partners and Samsung C&T for $750 million to drive three advanced projects, starting in Ohio.
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Technology-agnostic advanced nuclear project developer and owner-operator
elementlpower.ioLast updated
In short: Elementl Power secured Google funding for three nuclear sites and advanced its Ohio SMR project.
Partnering with DS Investment Partners and Samsung C&T for $750 million to drive three advanced projects, starting in Ohio.
This approval accelerates Elementl's Ohio project and establishes a regulatory path for clean nuclear power deployment.
He joins to lead delivery of the 5-gigawatt portfolio, including a Google arrangement and an Ohio SMR project. He previously worked at Kairos Power and Boston Consulting Group.
The project in SE Ohio is one of the first new SMR projects in the U.S.
US nuclear developer Elementl Power has signed a preliminary agreement to establish a development partnership worth up to $750m (€672m) with a consortium ...
Elementl Power's sites face the same regulatory gauntlet. Nuclear permitting now averages 10-15 years. Even an expedited pathway leaves a multi-year gap between when Google...
I'm sorry I caused a nuclear meltdown. That's on me, and it will never happen again.
The agreement with NextEra aims to restart the facility by 2029, supplying clean power for Google’s AI and cloud centres.
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