NuScale Power, Habboush Group and ENTRA1 form Strategic Alliance
NuScale Power Corporation (NuScale) and Habboush Group (HG) have entered into an agreement forming a strategic alliance that establishes a “one-stop-shop” for the financing, investment, development, execution, and management of NuScale-powered projects and opportunities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220907006360/en/
This new globally-oriented, strategic alliance between NuScale and HG – along with energy transition platform ENTRA1 – aims to provide integrated capabilities for financing, investment, development, management and execution of large-scale assets and projects in connection with the rapidly growing global demand for NuScale’s premier clean energy solutions.
“We are delighted to work with the Habboush Group and ENTRA1 as we continue to make progress toward delivering clean, reliable, and safe energy solutions to customers around the world,” said NuScale President and Chief Executive Officer John Hopkins. “Our technology is critical to supporting the clean energy transition and we hope that this strategic partnership will increase access to our trailblazing SMR technology and the carbon-free electrical power that the world needs.”
“As the world’s energy demand grows with a need for sustainable and reliable baseload production, NuScale’s technology can play a significant and multifaceted role in the global energy transition,” said Wadie Habboush, CEO for HG. “We are looking forward to working with partners, stakeholders and financial institutions who share our interest and responsibility towards the future of the world’s energy transition and serving humankind.”
NuScale’s proprietary and innovative carbon-free baseload and load-following power solution, the NuScale Power Module™, is the only viable, near-term deployable U.S. advanced nuclear small modular reactor (SMR) technology. NuScale’s SMR technology is safe, reliable and scalable and the first and only to receive Standard Design Approval from the U.S. Nuclear Regulatory Commission.
About NuScale Power
NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.
Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.
ENTRA1 is a private investment platform purpose-built to create value by addressing global transformations. ENTRA1 believes in supporting investments and developments that bring positive impacts to communities around the world with a focus on global energy, infrastructure and related technology sectors. As different parts of the world adopt new ways related to energy transition and sustainable infrastructure, ENTRA1 believes in contributing skillsets in origination, development, structuring, management and execution of proprietary large-scale global opportunities across the capital structure. (www.entra1.com)
About Habboush Group
HG is an international private asset management firm focused on developing, managing, operating and financing proprietary opportunities predominantly in energy and infrastructure sectors drawing on more than 40 years of experience and capabilities in executing projects. HG, along with its professional team, brings a history of strategically partnering and working with publicly-traded organizations and financial institutions. (www.habboushgroup.com)
Forward Looking Statements
This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. While NuScale may elect to update these forward-looking statements at some point in the future NuScale specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NuScale’s assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
(C) (503) 270-9329
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Capitolis to Present at TradeTech FX 202227.9.2022 20:10:00 CEST | Press release
Capitolis, the technology company reimagining financial markets, will join TradeTech FX, the largest buy side FX event in Europe. This is the first year Capitolis will have a presence on the ground at the event. Ben Tobin, Capitolis SVP, Head of Europe/Portfolio Optimization, will join a panel of FX industry leaders on Wednesday, 9/27, at 12:55 local time to discuss how uncleared margin rules (UMR) and the Standardized Approach for Counterparty Credit Risk (SA-CCR) have impacted the FX trading desk and market structure – and share predictions for how it could influence other FX products in the future. “We’ve been a partner and provider of optimization services to banks, hedge funds, and real money managers over the past five years,” said Ben Tobin, Capitolis SVP, Head of Europe/Portfolio Optimization. “We’ve already helped our customers reduce trillions of notional since the beginning of 2022, including optimization between the banks and their diverse client base.” TradeTech FX attende
Fintatech Announces Trading Chart Designer 2.027.9.2022 18:32:00 CEST | Press release
Fintatech, a custom trading software development company and provider of high-performance capital market solutions with a universal 'trading platform skeleton' in its core that is supplemented by interconnective module-based software components according to the client’s requirements, announces significant enhancements to their Trading Chart Designer software solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005640/en/ Fintatech Trading Chart Designer 2.0 Release (Graphic: Business Wire) Our current trading software solutions list is comprised of: - Trading Chart Designer - Trading Platform Designer - Trading Data Server Read on to learn more about our enhancements in Trading Chart Designer 2.0, including: New indicators Traders may use over 130 Technical Analysis Indicators on our platform to do the finest market analysis. We keep researching and adding new indicators, so that traders may make even more precise
Globee® Awards Issues Call for Business Awards Nominations From All Over The World27.9.2022 17:00:00 CEST | Press release
The Globee® Awards, organizer of the world’s premier business awards programs and business ranking lists, is now accepting nominations for the Annual Business Excellence Awards from all over the world. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005179/en/ Learn more about the Globee Business Awards and how to nominate here: https://globeeawards.com/business-awards/. The coveted annual Globee® Business Excellence Awards program recognizes and honors the world’s best in organizational performance, products and services, innovations, executives and management teams, women in business and the professions, case studies and successful deployments, communications, public relations and marketing campaigns, product management, websites, blogs, white-papers, videos, advertisements, creativity, partner programs, and customer satisfaction programs from every major industry in the world. Individuals and organizations from anywh
Recurly Enhances Revenue Recognition Solution, Helping Subscription Businesses Automate Complex Accounting Processes27.9.2022 16:00:00 CEST | Press release
Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue recognition and forecasting solution. This acquisition will create a single source for subscription management, recurring billing, and revenue management that empowers Recurly customers to better focus on driving growth among increasingly complex and evolving revenue accounting and reporting standards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220927005356/en/ Recurly launches enhanced revenue recognition capabilities. (Graphic: Business Wire) “Recurly powers recurring billing management for many of the world’s leading brands. Part of our customers’ success has resulted from Recurly’s ability to support more granular, pay-as-you-go pricing models. This trend toward enabling greater flexibility in pricing models creates a greater need for accounting automation,” sai
Andersen Global Cultivates Additional Presence in East Asia with Law Firm of Lee & Ko27.9.2022 15:30:00 CEST | Press release
Andersen Global strengthens its global presence in East Asia through a non-exclusive Collaboration Agreement with the full-service law firm Lee & Ko, extending the global organization’s reach into South Korea. Founded in 1977, Lee & Ko is one of the oldest firms in South Korea with more than 800 professionals and 300 Partners. The firm provides clients with full service across its eight major practice groups: antitrust and competition, banking and finance, corporate and M&A, intellectual property, labor and employment, litigation and arbitration, tax and customs, and white-collar crimes. Lee & Ko is consistently recognized as a Tier 1 firm by organizations, including Asialaw, IFLR1000, Legal 500 Asia-Pacific, Chambers & Partners Asia-Pacific, among others. “Throughout our firm’s history, we’ve grown to be widely recognized as a leading firm that provides clients with best-in-class service and comprehensive legal coverage,” Senior Partner Hyeong Gun Lee said. “As a collaborating firm of
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom