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Peter Perri III
Peter Perri III is the driving force behind Energy Media. Selected as a Top Voice on LinkedIn, Peter has built a reputation for his deep understanding of the energy sector and his ability to engage with industry leaders.
Amazon Signs 20 Year PPA with Constellation for Nuclear Power
Amazon has executed a 690 MW, 20-year power purchase agreement with Constellation Energy for nuclear generation from the Calvert Cliffs facility in Maryland. Unlike recent behind-the-meter arrangements that have drawn regulatory scrutiny, this deal routes power through the PJM grid, with Amazon paying for transmission and grid services.
Kairos Power Receives Up To $100M from Samsung Group to Build Google’s Nuclear
Kairos Power secured up to $70 million in funding from Samsung C&T Corporation, the engineering and construction arm of Samsung Group, to support construction of its first 50 MW molten salt nuclear reactor for Google. The plant will supply power to Google under a previously announced power purchase agreement. This marks Samsung's entry into the U.S. advanced nuclear market and validates the hyperscaler strategy of backing next-generation nuclear developers with long-term offtake commitments.
U.S. Army to Spend $2B on Nuclear Microreactors at 5 Bases
The U.S. Army announced a $2 billion program to deploy nuclear microreactors at five military bases, marking one of the largest federal commitments to advanced nuclear technology for on-site power generation. Each reactor will provide between 1 MW and 20 MW of capacity, with final output dependent on vendor design selection.
Holtec Nuclear Corporation Files for IPO
Holtec Nuclear Corporation, an energy company specializing in nuclear equipment, spent fuel management, and small modular reactors (SMRs), has filed for a U.S. initial public offering (IPO) to capitalize on surging AI-linked electricity demand and government support for carbon-free energy. The Camden, New Jersey-based company is spearheading the restart of the Palisades nuclear plant in Michigan and has received ~$400 million from the U.S. Department of Energy to build two SMRs at the site.
DOE Announces $17.5B for 10 Nuclear Reactors
The Trump administration announced $17.5 billion in federal loan financing to support construction of 10 new nuclear reactors across five power plants. The move directly addresses the power supply crisis created by explosive data center growth, with the new reactors designed to generate enough electricity for approximately 10 million homes.
Department of Energy Awards $94 Million for Nuclear SMR
The U.S. Department of Energy awarded $94 million across eight small modular reactor (SMR) developers under the Generation III+ Small Modular Reactor Pathway to Deployment Program. This represents the second phase of federal funding and marks the largest coordinated federal push to commercialize SMR technology ever. The timing aligns directly with surging electricity demand from AI data centers, which are driving renewed interest in firm, carbon-free baseload power.
Princeton’s Thea Energy Raises $100 Million for Nuclear Fusion
Thea Energy, a Princeton University spinout developing stellarator-based fusion technology, has raised $100 million in new funding. The round positions Thea as one of the most well-capitalized private fusion companies in the U.S., alongside Commonwealth Fusion Systems and Helion Energy. The company is targeting commercial fusion power plant deployment by the mid-2030s, a timeline that aligns with hyperscaler demand for carbon-free, baseload generation to support AI data center infrastructure.
FERC to Decide on Three Mile Island Restart
The Federal Energy Regulatory Commission (FERC) is expected to issue a decision by summer 2026 that could determine the timeline for restarting the Three Mile Island nuclear plant. The decision is critical for Constellation Energy's plan to bring 835 MW of carbon-free, baseload power back online to serve data center demand in the PJM Interconnection market. Microsoft has already committed to a 20-year power purchase agreement for the plant's output, making this a bellwether project for nuclear restarts across the U.S.
Blue Energy and GE Vernova to Build First 2.5 GW Nuclear & Gas Plant
Blue Energy and GE Vernova have announced plans to develop a 2.5-gigawatt hybrid nuclear-gas power plant in Texas, designed to deliver dedicated power to a data center campus. The project represents the first publicly announced pairing of advanced nuclear generation with gas turbines specifically configured to serve AI compute load, and signals a new model for dispatchable, low-carbon power delivery at hyperscale.
TerraPower Begins Construction of First U.S. Utility-Scale Advanced Nuclear Plant
TerraPower, backed by Bill Gates, has commenced construction on Kemmerer Unit 1 in Wyoming, marking the first utility-scale advanced nuclear power plant in the United States. This sodium-cooled fast reactor represents a critical milestone in the commercialization of next-generation nuclear technology and could establish a new model for replacing retiring coal capacity with firm, carbon-free generation.
X-energy Completes $1.02B IPO
X-energy completed an initial public offering raising over $1 billion, capitalizing on surging investor interest in advanced nuclear power driven by AI data center energy demand. The company joins a growing cohort of next-generation nuclear developers—including TerraPower, Oklo, and NuScale—competing for hyperscaler offtake agreements and federal support.
EnergySolutions to be Acquired by Energy Capital Partners (ECP)
Energy Capital Partners (ECP) has acquired EnergySolutions from TriArtisan Capital Advisors. The transaction positions ECP as a dominant player in nuclear services infrastructure, including decommissioning, waste management, and site remediation services across the U.S. nuclear fleet.
