FERC’s Talen Energy-Amazon decision unlikely to impact NuScale data center plans: CEO

Brian Martucci | Source: Utility DIVE | Posted 11/12/2024

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NuScale also expects its application before the NRC to uprate its reactor design from 50 MW to 77 MW to conclude by mid-2025, CEO John Hopkins noted during Thursday’s Q3 earnings call.

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The Federal Energy Regulatory Commission recently rejected an amended interconnection service agreement that would have facilitated direct power supply from a nuclear power plant to an Amazon data center. However, NuScale CEO John Hopkins believes it will not impact the company's efforts to court data center customers. Despite the ruling suggesting a preference for electrons on the grid rather than behind the meter, the exact implications on future colocation opportunities remain uncertain.

NuScale reported a $41 million loss in the third quarter due to cost-cutting efforts, significantly down from the previous year. Despite the setback, NuScale remains optimistic about achieving its sales goals and highlighted positive developments such as the uprating of its reactor design to better serve power-hungry clients. Additionally, NuScale signed a contract with Fluor Corporation to advance the engineering study for a planned small modular reactor power plant in Romania, positioning it as the first of its kind in Europe.

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FERC’s Talen Energy-Amazon decision unlikely to impact NuScale data center plans: CEO

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