NOV Sells Shepherd Power to Natura Resources in Stock Transaction

Reuters12-11

NOV Sells Shepherd Power to Natura Resources in Stock Transaction

NOV Inc. has sold its advanced nuclear development company, Shepherd Power, to Natura Resources, a developer of advanced small modular reactor $(SMR)$ technology. As part of the deal, NOV becomes an investor in Natura and will appoint a representative to Natura's Board of Directors. The companies also signed a memorandum of understanding to establish a supply chain agreement, leveraging NOV's manufacturing and project management expertise to support the scaled deployment of Natura's 100-megawatt molten salt reactor units, which are expected to begin deployment in 2029 and reach larger scale by 2032. Shepherd Power brings significant regulatory and operational expertise to Natura, while NOV's capabilities are expected to help drive down delivery costs for advanced nuclear reactors aimed at serving data center and industrial markets. The announcement was made by NOV Inc.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NOV Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9600271-en) on December 10, 2025, and is solely responsible for the information contained therein.

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