S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Elementl Power Plans 1.5GW Nuclear Plant in Southeast Ohio

A 700-acre site along the Ohio River in Meigs County could soon host a major nuclear facility, as developer Elementl Power moves to deploy small modular reactors. The project, aimed at generating up to 1.5 gigawatts of electricity, marks a significant push for advanced nuclear infrastructure in the United States.

Elementl Power Plans 1.5GW Nuclear Plant in Southeast Ohio
Photo: Bio & News

Elementl has secured an Early Works Agreement with GE Vernova Hitachi Nuclear Energy to utilize its BWRX-300 small modular reactor technology. The developer is currently in the process of purchasing the property from American Municipal Power and has filed an interconnection request with PJM Interconnection to integrate an initial 600 megawatts into the regional grid. If approved, construction on the first unit is slated to begin in 2030, with commercial operation targeted for 2034.

Unlike many traditional utility projects, this development is structured as a private investment and will not rely on electric customer rates for funding. The project remains subject to rigorous oversight, requiring approvals from the U.S. Nuclear Regulatory Commission and the Ohio Power Siting Board. Should it proceed, the plant is expected to serve as a long-term economic catalyst for the region, creating thousands of construction and permanent jobs for the local workforce.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!