Energy Harbor and Standard Power to Develop Nuclear Energy Data Infrastructure

Energy Harbor Corp. and Standard Power announced today they have signed a Memorandum of Understanding to develop a large-scale carbon free data infrastructure operation adjacent to Energy Harbor’s Beaver Valley nuclear facility in Shippingport, Pennsylvania. Under the terms of the agreement, the partnership will complete the required feasibility analysis to determine optimal engineering, co-location and implementation for a new data center. In phase 1, Standard Power will commit to a 10 year agreement to purchase between 200 and 300 MWs of 100% carbon free electricity and capacity through a direct connection to the Beaver Valley nuclear facility at a fixed price that reflects the value of the clean, baseload and carbon free attributes of nuclear power. Phase 1 of development is expected to come online in 2023 and 2024, with the opportunity to scale development up to 900 MWs in subsequent phases.

Energy Harbor’s Chief Operating Officer and Chief Nuclear Officer, David Hamilton, said “We appreciate the opportunity to build upon our strong relationship with Standard Power through this industry-transforming transaction. This effort is an important step in the transformation of the regions around our nuclear plants into Clean Energy Centers (CECs) that will be the necessary 24/7 carbon free, infrastructure backbone of the US economy.”

“This agreement and projects like the clean hydrogen pilot at our Davis-Besse Nuclear Station, demonstrate that clean energy infrastructure development near our nuclear facilities will create additional jobs and economic growth for our local communities. We look forward to the culmination of these efforts as we pursue Clean Energy Center (CEC) projects at our nuclear facilities in Ohio and Pennsylvania,” said Energy Harbor President and Chief Executive Officer, John Judge.

“Data infrastructure and the associated technology is energy intensive, and we recognize our responsibility to build a more environmentally sustainable future. Expanding our relationship with Energy Harbor strategically enables us to proactively structure our hosting capabilities to ensure that 100% of the power associated with this facility is carbon free,” said Maxim Serezhin, Standard Power’s Chief Executive Officer.

About Energy Harbor
Energy Harbor is a highly reliable provider of carbon free baseload electricity committed to Environmental, Sustainability and Governance (ESG) principles critical to meeting the nation’s emissions goals and accelerating the country’s clean energy transition. Our success is driven by our unwavering employee commitment to safe, reliable operations, financial stability and best in class service to meet the energy and sustainability needs of our customers.