The Proton Power Upgrade Project at the Spallation Neutron Source at Oak Ridge National Laboratory will increase the proton beam power capability from 1.4 to 2.8 MW. Upon completion of the project, 2 MW of beam power will be available for neutron production at the existing first target station with the remaining beam power available for the future second target station. The project will install seven superconducting RF cryomodules and supporting RF power systems and ancillaries to increase the beam energy to 1.3 GeV . The injection and extraction region of the accumulator ring will be upgraded, and a new 2 MW mercury target has been developed along with supporting equipment for high-flow gas injection to mitigate cavitation and fatigue stress. Equipment is being received from vendors and partner laboratories, and installation is underway with three major installation outages planned in 2022-2024. The project is planned to be completed in 2025.