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NOV Sells Shepherd Power To Natura, Becomes Investor, Signs Supply Chain MOU To Support Advanced Nuclear Reactor Deployment; No Terms Disclosed

Benzinga·12/10/2025 22:30:55
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  • NOV becomes investor in Natura Resources ("Natura") and appoints representative to Natura's Board of Directors in conjunction with the sale of Shepherd Power
  • NOV and Natura sign Memorandum of Understanding ("MOU") to establish a supply chain agreement where NOV will leverage its manufacturing, supply chain, and project management expertise to support scaling advanced nuclear power solutions

HOUSTON, Dec. 10, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) today announced the sale of Shepherd Power, its advanced nuclear development company, to Natura, a leading developer of advanced small modular reactor ("SMR") 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.

Specifically, 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.