energy

X-energy priced its IPO at $23 a share on April 24, raising $1.02 billion — the largest nuclear IPO on record — as shares surged 36% on debut.

Fervo Energy priced 70 million shares at $27 each on May 13, surging 33% on its first trading day to push its market cap past $10 billion.

Houston gas-microgrid maker VoltaGrid took $775M in primary and $225M in secondary from Blackstone Tactical Opportunities and Halliburton, and is buying its main supplier Propell to lock in a 7.5 GW order book through 2030.

Ontario Power Generation has placed the foundation module for the first BWRX-300 small modular reactor at Darlington, clearing the construction licence's first hold point and beginning above-ground reactor work on what is on track to be the G7's first commercial SMR.

Commonwealth Fusion Systems has filed a generation interconnection request with PJM for its 400 MW Fall Line plant in Virginia, the first time a fusion developer has formally entered a major US grid queue.

Fervo Energy, the Houston enhanced geothermal developer behind Utah's Cape Station, filed an S-1 with the SEC on April 17 to list on the Nasdaq as FRVO, with banks led by J.P. Morgan and a private valuation around $3 billion.

Meta's first Oklahoma data center — a 2-million-square-foot AI facility in East Tulsa — was grandfathered past a city moratorium that paused similar projects, drawing local protests.

Tokyo Electric Power Company restarted commercial operations at the world's largest nuclear plant on April 16, 2026, ending a 14-year shutdown of TEPCO's entire nuclear fleet since the 2011 Fukushima Daiichi accident.

Meta signed a reservation deal for up to 100 GWh of ultra-long-duration storage from Noon Energy, a startup whose reversible fuel cell borrows chemistry from NASA's MOXIE Mars experiment.

Shareholders are asking Amazon, Microsoft, and Google to publish site-specific data-center water and energy data as scrutiny of AI infrastructure grows.

ERCOT's preliminary 2026-2032 load forecast filed April 15 projects peak demand reaching 367,790 MW, more than four times the current record, with data centers accounting for over 60% of the projected growth. CEO Pablo Vegas and the PUCT say the number is almost certainly too high.

Sightline Climate estimates 30-50% of US data centers slated for 2026 will be delayed or canceled, with transformer shortages and Chinese import dependency creating bottlenecks that billions in AI spending cannot solve.