- Xcel Energy Inc (NASDAQ: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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