Energy
NUE Power and Green Harbor Form 50/50 Joint Venture to Break the Turbine-Supply Bottleneck Gating North America's AI Power Build-Out
Venture deepens the NUE-Green Harbor relationship into a vertically integrated power platform, combining Korean generation-equipment supply, NUE's development capability, and GPU financing to move large-load projects through today's multi-year equipment and interconnection queues.Calgary, Alberta and Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) ("NUE" or the "Company") today announced a 50/50 joint venture (the "JV") with
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Venture deepens the NUE-Green Harbor relationship into a vertically integrated power platform, combining Korean generation-equipment supply, NUE's development capability, and GPU financing to move large-load projects through today's multi-year equipment and interconnection queues. Calgary, Alberta and Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) ("NUE" or the "Company") today announced a 50/50 joint venture (the "JV") with Green Harbor Partners Corp. ("Green Harbor") that pairs Korean turbine and reciprocating-engine supply with development and GPU financing to serve data centre, AI, high-performance compute, and other large-load power customers across Canada and the United States. The JV is the next step in a deepening relationship between the two companies and a shared move toward vertical integration across the power value chain. Gas and reciprocating-engine capacity has become the single hardest item to secure in the AI build-out. Western OEM order books for large turbines now stretch years, leaving developers and hyperscalers waiting behind a queue they cannot move. The JV attacks that constraint directly: Green Harbor's relationships with several of Korea's largest generation-equipment manufacturers are expected to open delivery windows that compare favourably to typical Western lead times, while NUE originates, develops, and interconnects the sites that equipment serves. A Deepening Relationship, Now Vertically Integrated The JV further advances an already burgeoning NUE-Green Harbor partnership in power generation. Green Harbor is already in advanced discussions to acquire NUE's Alberta solar and storage assets, and has partnered with NUE on Korean equipment supply and GPU financing. This venture brings those threads together into a single, coordinated platform: site development, generation equipment, and compute-capex financing under one relationship, rather than three separate problems a customer has to solve alone. It also reflects the current reality of the market, in which large loads are increasingly served by newly formed behind-the-meter generation that sidesteps multi-year grid interconnection queues. The significance of the venture lies in Green Harbor's standing. Formerly Sprott Korea, Green Harbor manages and advises on more than 2.5 GW of global power generatio...