Elementl Power, a technology-agnostic advanced nuclear project developer and independent power producer, has signed a strategic agreement with Google to pre-position three project sites for advanced nuclear energy.
As part of the agreement, Google will commit early-stage development capital to advance the development of three projects — each generating at least 600 megawatts of power capacity — with the option for commercial off-take once complete. Elementl Power will continue the evaluation of potential technology, engineering, procurement and construction and other project partners, while prioritizing specific sites for accelerated development.
“Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power and help companies advance their long-term net zero goals,” said Chris Colbert, chairman and CEO of Elementl. “We look forward to wor
