Energy Harbor Corp. and Standard Power announced 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.