Energy
Power generation, nuclear, SMRs, fusion, grid infrastructure, and the AI-power demand thesis — the binding constraint on the AI buildout
NuScale Power — Q1 2026 8-K Context & SMR Status
Only SMR with full NRC design cert (Jan 2023); 77MWe module, 924MWe/12-module VOYGR; Q1 financials pending full read
Queued Up: 2026 Edition — Characteristics of Power Plants Seeking Transmission Interconnection
2,061 GW active US interconnection queue end-2025; gas +86% YoY vs solar/storage/wind all down; withdrawals > new requests 2nd year running; median time-to-operation now 61 months
GE Vernova Reports First Quarter 2026 Financial Results and Raises 2026 Guidance
Gas Power backlog+reservations 83GW→100GW in Q1, guiding 110GW by YE2026; sold out through 2027; Electrification booked $2.4B datacenter orders in the quarter alone (more than all of 2025)
NuScale Power Reports First Quarter 2026 Results
Closes prior fetch-blocked gap: revenue $565K (vs $13.4M), net loss $46.7M, cash $341.1M + $549.0M ST investments ($1.0B liquidity); TVA 6GW + RoPower Romania both advancing
Kairos Power Breaks Ground on Hermes 2 Demonstration Plant
KP-FHR groundbreaking at Oak Ridge TN, up to 50MW to TVA grid, first Gen IV non-LWR NRC construction permit, first deployment under Google agreement, targeting 2030 operations
The Hyperscaler Nuclear Procurement Rush (2023-2026)
Constellation-Microsoft TMI restart (2023); Google-Kairos first SMR PPA 50→500MW (2025); Meta 6.6GW; Oklo first reactor ~2027
Domestic Uranium Production Is Up; Prices Hold Steady
Uranium spot $85/lb end-June (down from $94.28 Jan peak >$101); Q1 2026 US domestic U3O8 production 1,039,075 lbs, highest Q1 since 2015; explicit AI-hyperscaler demand linkage
Meta Strikes Up to 6.6 GW Nuclear Deal to Fuel Its AI Supercluster
Meta up to 6.6GW by 2035: Vistra 2.2GW+433MW, Oklo 1.2GW (2030), TerraPower 2.6GW+1.2GW storage (2032); no NRC permits yet
Helion Energy Hits 150-Million-Degree Plasma Milestone (Polaris)
Polaris 150M°C, first private D-T fusion machine; Microsoft 50MW PPA targeting grid by 2028; no net gain yet
Constellation and Walmart Announce Long-Term Agreement to Support Reliable, Emissions-Free Nuclear Energy in Illinois
Walmart's first nuclear PPA: ~176MW (incl 30MW uprate) from Dresden, two 15-yr terms starting 2029/2030 — first non-hyperscaler corporate buyer in the KB's PPA set