TerraPower Forms Strategic Partnership with Data Center Developer for Wide-Scale Deployment of Natrium® Plants

The companies entered into a multi-layered Memorandum of understanding (MOU) to explore deploying Natrium plants[1] to support growing data center demand.
Bellevue, WA – January 22, 2025 – TerraPower, a nuclear innovation company, and Sabey Data Centers (SDC), a leading data center developer, owner, and operator, announced today a strategic collaboration agreement to leverage advanced nuclear Natrium plants into SDC’s current and future data center operations.
TerraPower broke ground on America’s first advanced nuclear project in 2024, near a retiring coal facility in Wyoming. The strategic collaboration includes exploring new Natrium plants in the Rocky Mountain region, as well as Texas, to support growing power needs for SDC-owned data centers. Due to the breadth of the opportunity, TerraPower and SDC will explore multiple project execution structures to meet the exponential demand in data center energy needs with TerraPower’s innovative advanced nuclear + storage Natrium technology.
“At its heart, TerraPower is an innovation-driven company, and we are thrilled to collaborate with Sabey to address the surging energy demands of data centers with clean, reliable and adaptable solutions like the Natrium technology,” said Chris Levesque, TerraPower President and CEO. “The energy sector is transforming at an unprecedented pace after decades of business as usual, and meaningful progress will require strategic collaboration across industries. Together, we can ensure advanced nuclear technology plays a vital role in securing a clean, resilient energy grid.”
“Sabey Data Centers is dedicated to pioneering sustainable energy solutions to support our customers’ growth,” says Tim Mirick, President of Sabey Data Centers. “Our strategic collaboration with TerraPower represents a substantial move toward integrating clean, innovative power technologies into the heart of our operations.”
“This partnership exemplifies the forward-thinking collaboration necessary to meet the evolving energy demands of our digital future. At National, we are committed to enabling visionary projects that align innovative technologies like Natrium with critical infrastructure,” said Jeffrey Kanne, Vice Chairman of Sabey Data Centers and President and CEO of National Real Estate Advisors. “Together, we aim to drive sustainable data center operations that will support industries of tomorrow while delivering solid, long-term returns for our clients.”
The rise of AI and data centers is projected to increase U.S. electricity demand by 323 terawatt hours by 2030. The Natrium technology is the first advanced nuclear technology to be deployed in the U.S. and features a 345 MW sodium-cooled fast reactor with a patented molten salt-based energy storage system. The storage technology can boost the system’s output to 500 MW of power when needed and can be customized to match specific site needs. The energy storage system is designed to keep base output steady, ensuring constant reliability, and can quickly ramp up when demand peaks — it is the only advanced reactor design with this unique feature, and is well suited to meet the power demands of data centers.
SDC is one of the largest private data center providers in the world, with over 20 years of experience in developing, constructing and operating data centers across the nation. They have pioneered sustainability within the data center industry with a focus on whole-building energy efficiency and have a goal of achieving carbon-free energy operations across their portfolio.
The Natrium technology is the first mover in the advanced reactor sector and is well positioned to support the dramatic new energy demand for data centers. Natrium is the only advanced nuclear technology with a construction permit application for a commercial reactor pending with the U.S. Nuclear Regulatory Commission, and the only advanced nuclear developer to begin construction on a commercial project in the United States. The first Natrium plant is being developed through the U.S. Department of Energy’s Advanced Reactor Demonstration Program (ARDP), a public-private partnership. That project is expected to be online in 2030 and will be the first commercial, utility-scale advanced nuclear power plant in the United States.
About TerraPower
TerraPower is a leading nuclear innovation company that strives to improve the world through nuclear energy and science. Since it was founded by Bill Gates and a group of like-minded visionaries, TerraPower has emerged as an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement and other cutting-edge opportunities. It accepts and tackles some of the world’s most difficult challenges. Behind each of its innovations and programs, TerraPower actively works to bring together the strengths and experiences of the world’s public and private sectors to answer pressing global needs. Learn more at terrapower.com.
About Sabey Data Centers
With a portfolio of more than four million square feet of mission-critical space, Sabey Data Centers is one of the largest privately owned multi-tenant data center owners/developers/operators in the United States. Sabey specializes in scalable, custom-built data center solutions recognized for their efficiency, low total cost of ownership, operational maturity and sustained uptime. Sabey provides sustainable data center services to many of the world’s top financial, technology and healthcare companies. The company is a joint venture between Sabey Corporation and National Real Estate Advisors, LLC, acting as the investment manager on behalf of its institutional clients.
About National Real Estate Advisors
National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop. Since 2000, National’s investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
[1] Natrium is a TerraPower and GE Hitachi technology