NuScale Power Inks MOU With Xcel Energy To Explore Potential Plant Operations

  • Xcel Energy Inc XEL has signed a memorandum of understanding with NuScale Power, LLC to explore the feasibility of serving as a plant operator at NuScale Plants.
  • NuScale develops advanced small modular reactors that are considered the next generation of carbon-free nuclear plants.
  • The two parties will examine the potential for Xcel Energy to become NuScale's preferred partner to provide a suite of operational power plant services. 
  • The MOU creates a framework for negotiating definitive agreements for Xcel Energy and NuScale to work together.
  • NuScale Power and Xcel Energy agree to examine future partnerships.
  • Price Action: XEL shares are trading higher by 1.12% at $69.815 on the last check Monday.
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