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ONE Nuclear Energy and SOO Green Sign LOI to Explore Nuclear Energy Collaboration

ONE Nuclear Energy and SOO Green signed a Letter of Intent or LOI to explore the potential for sourcing nuclear energy and capacity into the PJM Interconnection via SOO Green's 2,100 MW underground High Voltage Direct Current, or HVDC, transmission line. The LOI establishes a framework for the parties to collaborate on potential nuclear generation and transmission opportunities, with any future commercial arrangements subject to the negotiation and execution of definitive agreements and applicable development, regulatory and financing requirements. SOO Green, which anticipates completing its permitting by the end of this year, is an interregional candidate to provide that backbone, using existing rail right-of-way to connect the MISO and PJM grids.