In September 2022, NuScale Power Corporation (NuScale), a leader in advanced small modular reactor (SMR) technology, entered into a strategic alliance with Wadie Habboush Group (HG) and ENTRA1 Energy. This collaboration aims to create a comprehensive platform for financing, investing, developing, executing, and managing NuScale-powered projects globally.
Key Aspects of the Strategic Alliance:
Integrated Project Development:
The alliance combines NuScale’s SMR technology with HG’s investment expertise and ENTRA1’s energy transition capabilities. This synergy is designed to meet the increasing global demand for clean energy solutions by offering end-to-end services for SMR projects.
NuScale’s SMR Technology:
NuScale’s flagship product, the NuScale Power Module™, is a small, pressurized water reactor capable of generating 77 megawatts of electricity (MWe). It is the first SMR technology to receive Standard Design Approval from the U.S. Nuclear Regulatory Commission, highlighting its safety and reliability.
Global Energy Transition:
The alliance positions NuScale, HG, and ENTRA1 to address the growing need for sustainable and reliable baseload power. By leveraging SMR technology, the partnership aims to support the global shift toward low-carbon energy sources.
This strategic partnership underscores a commitment to delivering innovative, clean, and scalable energy solutions to meet the world’s evolving energy needs.
