Google to Build Three Nuclear Sites With Elementl Power

<p>Elementl Power&comma; an advanced nuclear project developer and independent power producer&comma; announced the signing of a strategic agreement with <a href&equals;"https&colon;&sol;&sol;blog&period;google&sol;feed&sol;google-and-elementl-nuclear-energy-site-development&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Google<&sol;a> to pre-position three project sites for advanced nuclear energy&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects&comma; which are critical to deliver safe&comma; affordable and clean baseload power and help companies advance their long-term net zero goals&comma;&&num;8221&semi; said Elementl Power Chairman and Chief Executive Officer <span class&equals;"xn-person">Chris Colbert<&sol;span>&period; &&num;8220&semi;We look forward to working with Google to execute these projects and bring safe&comma; carbon-free&comma; baseload electricity to the grid&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Google is committed to catalyzing projects that strengthen the power grids where we operate&comma; and advanced nuclear technology provides reliable&comma; baseload&comma; 24&sol;7 energy&comma;&&num;8221&semi; said <span class&equals;"xn-person">Amanda Peterson Corio<&sol;span>&comma; Global Head of Data Center Energy&comma; Google&period; &&num;8220&semi;Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation&period;&&num;8221&semi;<&sol;p>&NewLine;<p>As part of the agreement&comma; Google will commit early-stage development capital to advance the development of three projects&period;  Each project would generate at least 600 megawatts &lpar;MW&rpar; of power capacity&comma; with the option for commercial off-take once complete&period; Together with Google&comma; Elementl Power will work collaboratively with utility and regulated power partners to identify and advance new projects&period;<&sol;p>&NewLine;<p>Elementl Power will continue the evaluation of potential technology&comma; engineering&comma; procurement and construction &lpar;EPC&rpar;&comma; and other project partners&comma; while prioritizing specific sites for accelerated development&period;<&sol;p>&NewLine;<p><span class&equals;"xn-person">Ryan Mills<&sol;span>&comma; Co-Founder and President of Elementl Power said&comma; &&num;8220&semi;My partners and I launched Elementl Power in 2022 to solve a critical industry need and serve as a catalyst for private capital formation in advanced nuclear projects&period; This partnership with Google represents a significant milestone in Elementl Power&&num;8217&semi;s growth trajectory&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Elementl has headquarters in Washington&comma; DC&period;<&sol;p>&NewLine;