ONE Nuclear Executes Binding LOI for Project Cayman, a 2.88 GW Louisiana Energy Project with Co-Loca

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ONE Nuclear Executes Binding LOI for Project Cayman, a 2.88 GW Louisiana Energy Project with Co-Located Data Center Campus

https://www.businesswire.com/news/home/20260831090268/en/ONE-Nuclear-Executes-Binding-LOI-for-Project-Cayman-a-2.88-GW-Louisiana-Energy-Project-with-Co-Located-Data-Center-Campus

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ONE Nuclear has signed a binding letter of intent for Project Cayman, a 2.88 gigawatt energy development in Louisiana. The site will feature both advanced nuclear technology and natural gas generation to power a co-located data center campus. Public outreach for the project is scheduled to begin in September 2026.

The development reflects a growing trend of pairing large-scale nuclear generation with energy-intensive industrial and technology hubs. By integrating dispatchable power with regional grid infrastructure, the project aims to meet the rising electricity demands of Louisiana's industrial sector. The initiative follows the company's recent business combination and planned public listing on a national exchange.

ONE Nuclear Energy LLC ("ONE Nuclear"), an independent developer of large-scale energy solutions powered by natural gas and advanced nuclear technologies, an...

ONE Nuclear Executes Binding LOI for Project Cayman, a 2.88 GW Louisiana Energy Project with Co-Located 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...

Read the full article at businesswire.com:
https://www.businesswire.com/news/home/20260831090268/en/ONE-Nuclear-Executes-Binding-LOI-for-Project-Cayman-a-2.88-GW-Louisiana-Energy-Project-with-Co-Located-Data-Center-Campus