Natura Resources LLC has acquired Shepherd Power from NOV Inc. to advance its small modular reactor technology, aiming for substantial energy generation by 2032.

Target Information

Natura Resources LLC, a prominent developer specializing in advanced molten-salt nuclear reactors, has successfully acquired Shepherd Power from NOV Inc. (NYSE: NOV). This acquisition marks a significant step for Natura Resources as it seeks to enhance its capabilities in the rapidly evolving energy sector. The integration of Shepherd Power's assets will enable Natura to advance its proprietary small modular reactor (SMR) technology, which has the potential to revolutionize energy generation for data centers and industrial applications.

The collaboration between Natura Resources and Shepherd Power is expected to yield multiple gigawatts of SMRs by the years 2029 to 2032. The strategic partnership also includes an agreement with NOV to jointly push forward the commercialization of this transformative technology, leveraging NOV's extensive experience in manufacturing, supply chain management, and project execution.

Industry Overview

The energy sector, particularly in the United States, is undergoing a significant transition driven by the need for sustainable and efficient power solutions amidst growing environmental concerns. With a strong focus on reducing carbon emissions, adva