US-based Elementl Power has signed a strategic agreement with Google to pre-position three project sites for advanced nuclear energy. As part of the agreement, Google will commit early-stage development capital to advance the development of the three projects.
Each project would generate at least 600 MW of power capacity, with the option for commercial off-take once complete. Google, and Elementl Power will work collaboratively with utility and regulated power partners to identify and advance new projects. Elementl Power will continue the evaluation of potential technology, engineering, procurement and construction (EPC), and other project partners, while prioritising specific sites for accelerated development.
“Innovative partnerships like this are necessary to mobilise 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 & CEO Chris Colbert.
“Google is committed to catalysing projects that strengthen the power grids where we operate, and advanced nuclear technology provides reliable, baseload, 24/7 energy,” said Amanda Peterson Corio, Global Head of Data Center Energy at Google. “Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation.”
Google is a subsidiary of Alphabet Inc. Elementl Power is a portfolio company of Breakwater North (a nuclear and critical infrastructure focused investment firm) and global technology investor Energy Impact Partners (EIP).
Google said: “This agreement is part of our continued work to source 24/7 baseload energy to support our operations and strengthen power grids. It also helps Elementl advance its goal of bringing significant nuclear capacity online by 2035. This innovative approach links capital investment directly with the growing demand for clean baseload power, with Google having the option for commercial off-take once projects are complete.”
In October 2024, Google signed an agreement with Kairos Power to purchase power from its fluoride salt-cooled high-temperature small modular reactors, with a fleet of up to 500 MW of capacity by 2035. Other tech companies such as Amazon, Microsoft and Meta have all signed agreements in recent months which could result in the use of nuclear technology to power growing data centre needs.
