ELEMENTL POWER, DS INVESTMENT PARTNERS AND SAMSUNG C&T TO ADVANCE NEW U.S. NUCLEAR DEVELOPMENT

[Marlin]

ELEMENTL POWER, DS INVESTMENT PARTNERS AND SAMSUNG C&T TO ADVANCE NEW U.S. NUCLEAR DEVELOPMENT

https://www.prnewswire.com/news-releases/elementl-power-ds-investment-partners-and-samsung-ct-to-advance-new-us-nuclear-development-302919526.html

[Core Content]

ELEMENTL POWER, DS INVESTMENT PARTNERS AND SAMSUNG C&T TO ADVANCE NEW U.S. NUCLEAR DEVELOPMENT

Elementl Power signed a preliminary agreement with DS Investment Partners and Samsung C&T to create a funding platform. The proposed partnership provides up to $750 million for advanced nuclear projects in the United States. This funding targets pre-construction activities such as permitting and long-lead item procurement.

The consortium aims to support up to three advanced reactors, including a 1.5 gigawatt facility in Ohio using GE Vernova Hitachi small modular reactors. Private capital models of this scale seek to accelerate commercial deployment by combining financial backing with international engineering and construction expertise. Final approval remains subject to definitive documentation and regulatory conditions.

/PRNewswire/ -- Elementl Power, a nuclear project delivery and capital management platform, has signed a preliminary agreement to form and fund a development...

Proposed partnership of up to $750 million would help fund development of multiple Elementl nuclear projects

The consortium would fund a portion of the proposed partnership's projected capital and hold a significant minority interest in the partnership. The agreement consists of a letter of intent and term sheet setting out the proposed terms of the partnership and allows for participation from additional strategic and financial investors.

Read the full article at prnewswire.com:
https://www.prnewswire.com/news-releases/elementl-power-ds-investment-partners-and-samsung-ct-to-advance-new-us-nuclear-development-302919526.html