Natura Resources Purchases Shepherd Power; Partners with NOV to Deploy Gigawatts of SMRs in early 2030s

Core Viewpoint - Natura Resources LLC has acquired Shepherd Power from NOV Inc. to enhance the commercialization of its small modular reactor (SMR) technology, aiming to deliver multiple gigawatts of SMRs for data centers and industrial applications between 2029 and 2032 [1][2]. Group 1: Acquisition and Strategic Partnership - The acquisition of Shepherd Power adds reactor deployment expertise, including regulatory and licensing experience, to Natura, strengthening its path to commercial deployment [3][4]. - The agreement aligns Natura's molten salt reactor design with NOV's manufacturing and project management expertise, facilitating the delivery of advanced nuclear reactors [2][8]. Group 2: Technology and Market Potential - Natura's molten salt reactor (MSR) design operates at high temperature and atmospheric pressure, enhancing safety and reducing waste, while being capable of using various fuel types, including recycled waste fuel [5]. - The modular construction of Natura's reactors lowers capital costs compared to traditional reactors, making its 100-megawatt commercial-scale reactor competitive with other clean baseload power generation options [6]. Group 3: Regulatory and Deployment Timeline - The Nuclear Regulatory Commission issued a construction permit for Natura's 1-megawatt reactor at Abilene Christian University, with deployment expected in 2026 [9]. - Natura plans to file two commercial reactor applications with the NRC by the end of 2025, targeting medical isotope production and grid-scale electricity generation, with the first 100-megawatt reactor expected to be deployed in 2029 [9]. Group 4: Financial Backing and Commitment - Natura has secured over $120 million in private funding and a commitment of $120 million from the State of Texas, establishing itself as a leading force in the advanced nuclear industry [10].