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Hennessy Capital Investment Corp VII Trading Halted
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ONE Nuclear Energy Announces 5 GW Louisiana Portfolio
ONE Nuclear Energy announced the Louisiana Portfolio, a 5 GW three-project energy and technology program for rapidly expanding datacenter, advanced-manufacturing and industrial demand. Following its prior Project Cayman and Project Amberjack announcements, ONE Nuclear is now presenting the complete Louisiana trilogy with three projects - Cayman, Amberjack and Barracuda - and the distinct role each is expected to play in Louisiana's energy future. At current planning targets, Cayman and Barracuda together represent approximately 4.08 GW of dispatchable natural-gas generation, supported by substantial grid-scale battery storage and datacenter infrastructure. Amberjack separately targets up to an additional 1 GW of advanced nuclear generation. These figures are planning-level development objectives subject to final engineering designs, interconnection awards, utility commitments, permits, customer contracts, financing commitments or construction decisions.
ONE Nuclear Energy Advances Amberjack Project in Louisiana
ONE Nuclear Energy is advancing Project Amberjack, a small modular reactor project in Louisiana, into technical and environmental evaluation. This follows the company's announcement last week of a separate 2.88 GW energy project in Louisiana, entitled Project Cayman. Project Amberjack is being developed as a standalone, scalable, multi-unit SMR campus, targeting up to 1 GW of advanced nuclear generation capacity. The project's ultimate capacity, reactor technology, and plant configuration will be established through technology selection, detailed engineering, environmental review, transmission studies, commercial arrangements, financing and the federal licensing process.Having achieved site control, ONE Nuclear has completed a substantive body of preliminary development work to advance Project Amberjack. The company has conducted initial nuclear siting and constraints analyses, prepared supporting assessment memoranda and siting screens, and developed conceptual layouts for a dedicated SMR campus. The work completed to date provides the basis for Project Amberjack to move from portfolio-level screening into a disciplined site-specific development program. The completed work is preliminary and does not constitute a U.S. Nuclear Regulatory Commission site approval, reactor license, environmental authorization or final engineering determination. It does, however, establish a development basis for the next phase and a clear sequence of work toward future regulatory engagement. The next phase will focus on conducting additional studies to meet the requirements of a fully licensable site and prepare for engagement with the NRC and other agencies. Planned work for the next phase includes comprehensive land, geotechnical, and environmental field studies; cooling-water and logistics evaluations; transmission and interconnection analysis; and vendor-neutral SMR technology screening.
ONE Nuclear Energy Signs Agreement with Louisiana Landowners for 2.88GW Project
ONE Nuclear Energy executed a binding letter of intent with a prominent Louisiana landowner group, providing site control for the development of Project Cayman, a 2.88 GW natural gas plant and a 700MW, 2.88GWh Battery Energy Storage System project with a co-located high-capacity data center campus. The initiative aligns with Entergy's significant buildout of new regional transmission infrastructure, underscoring ONE Nuclear's commitment to powering Louisiana's expanding industrial and technology sectors. Project Cayman is strategically located near Louisiana's RiverPlex MegaPark, northeast of SpaceX's recently announced infrastructure expansion. The project will complement these regional economic development efforts by adding dispatchable generation, energy storage and technology infrastructure near major new industrial loads and transmission investment, providing further regional grid reliability. Community outreach is already underway and is expected to include a series of public information meetings with local parishes, governmental agencies and other project stakeholders from September through December 2026.
Hennessy Capital Investment Corp. VII Merges with ONE Nuclear Energy
Hennessy Capital Investment Corp. VII, a special purpose acquisition company, announced that in an extraordinary general meeting held Monday, August 24, 2026, Hennessy VII shareholders voted to approve the previously announced business combination with ONE Nuclear Energy LLC, an independent developer of large-scale energy solutions powered by natural gas and advanced nuclear technologies. At the closing of the Business Combination, Hennessy VII will complete its previously disclosed domestication as a Delaware corporation, ONE Nuclear will become a direct, wholly-owned subsidiary of Hennessy VII, and Hennessy VII will be renamed "ONE Nuclear Energy Inc." Its common stock is expected to trade on a national securities exchange under the ticker symbol "ONEN." The closing of the Business Combination remains subject to the satisfaction or waiver of certain customary closing conditions, including exchange listing approval.
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