Google and Elementl Power have announced a strategic agreement to accelerate the development of clean, reliable energy. Elementl Power, an advanced nuclear project developer, will receive early-stage capital to help prepare three potential sites in the U.S. for advanced nuclear projects. Each project would generate at least 600MW of power capacity with the option for commercial off-take once complete.
“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 Elementl Power Chairman and Chief Executive Officer Chris Colbert. “We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid.”
Exact terms of the agreement, and the possible locations of the projects, were not announced.
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