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

August 16, 2021 3:56 PM | 1 min read |

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.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.