NOV Inc. sells its nuclear development company to Natura

NOV Inc. (NOV) announced the sale of Shepherd Power, its nuclear development company, to Natura, a developer of advanced small modular reactor technology. As part of the transaction, NOV and Natura have signed an MOU to establish a supply chain agreement where NOV will provide manufacturing and project management expertise to support scaled deployment of Natura’s advanced nuclear reactors. The supply chain agreement is expected to support Natura’s plans to deploy 100-megawatt molten salt reactor units for data center and industrial markets starting in 2029 and reaching scale in 2032. The cooperation will leverage NOV’s manufacturing footprint and procurement expertise alongside Natura’s reactor platform. As part of the transaction, NOV will become an investor in Natura and will appoint a representative to Natura’s Board of Directors, ensuring continued collaboration in advanced nuclear technologies.