US-based developer ONE Nuclear Energy LLC presented its growth plan to investors, focused on large-scale energy projects combining natural gas and advanced small modular nuclear reactors. This communication comes as the company prepares to merge with special purpose acquisition company Hennessy Capital Investment Corp. VII, in view of a public listing on the Nasdaq.
A combination focused on modular nuclear and natural gas
Founded by Richard Taylor and Kevin Dowd, ONE Nuclear aims to position itself as an independent player in the development of energy infrastructure based on advanced Small Modular Reactor (SMR) nuclear technologies and natural gas power plants. The announced merger with Hennessy Capital Investment Corp. VII, led by Daniel and Thomas Hennessy, aims to bring this industrial strategy to the public markets.
The new entity resulting from the merger is expected to be listed under the ticker symbol “ONEN”. The completion of the transaction is anticipated in the first half of 2026, subject to customary closing conditions. No valuation estimate has been publicly disclosed to date.
Communication focused on growth drivers
The virtual presentation, made available via ONE Nuclear’s official website, outlines the company’s main growth levers, including the integration of hybrid energy solutions, rapid scaling of SMR technologies, and the development of public-private partnerships for project deployment.
According to ONE Nuclear’s management, US energy market dynamics, combined with energy resilience demands and regulatory constraints, provide a favourable context for the company’s business model. The choice of modular technologies aims to shorten construction timelines and optimise capital expenditure in a historically cost-intensive sector.
Towards a new phase of financing
By becoming a publicly listed company, ONE Nuclear intends to accelerate access to institutional capital to fund its large-scale projects. The company has not yet specified the total amount of investments planned nor the deployment timeline for its first SMR units.
Richard Taylor, Chairman and Chief Executive Officer of ONE Nuclear, stated in the presentation that the company “is positioning itself to meet the growing demand for dispatchable and decarbonised energy across North America”.