NVIDIA and CoreWeave expand partnership to build more than 5 gigawatts of AI factories by 2030
The GPU maker just put $2 billion where its mouth is.
NVIDIA has invested $2 billion in CoreWeave stock as part of a deepened partnership to accelerate the buildout of more than 5 gigawatts of AI factories by 2030.
- $2B equity investment to fund 5+ gigawatts of AI factory buildout by 2030
- CoreWeave to deploy multiple NVIDIA generations — Vera Rubin platform, Vera CPUs, BlueField storage
- Joint focus on accelerating land, power, and shell procurement for AI infrastructure
"AI is entering its next frontier and driving the largest infrastructure buildout in human history" — Jensen Huang, NVIDIA CEO
Standard Nuclear raises $140M Series A for advanced HALEU fuel production
The only independent U.S. manufacturer of TRISO fuel is scaling fast.
- Series A led by Decisive Point with Chevron Technology Ventures and a16z participating
- First HALEU TRISO production underway; targeting 2+ metric tons by mid-2026
- Only independent US TRISO manufacturer; selected for DOE Fuel Line Pilot Program
Centrus to expand Oak Ridge centrifuge manufacturing plant
The only uranium centrifuge manufacturing facility in the U.S. is getting bigger.
- $560M+ investment creating ~430 jobs in Anderson County, Tennessee
- Expansion transforms facility for high-rate manufacturing and large-scale deployment
- Funded in part by Tennessee's Nuclear Energy Fund; supports national security objectives
Glenfarne announces major Phase One Alaska LNG milestones
The 739-mile pipeline from the North Slope is getting real.
- Worley named provisional EPCM; construction awards to MasTec, Quanta, Michels
- Line pipe deals with Corinth Pipeworks and Europipe (~2/3 of 700K metric tonnes)
- Gas sales with ExxonMobil and Hilcorp; Asia LNG buyer commitments secured
- Targeting 2028 completion, first gas in 2029
JERA Nex bp acquires EnBW’s stake in Mona offshore wind, signs lease with The Crown Estate
One project gets a green light; another gets shelved.
- Acquiring EnBW’s stake and signing a lease agreement with The Crown Estate
- Mona aims to deliver up to 1.5GW of low‑carbon electricity to the UK
- JERA Nex bp decided not to proceed with the Morgan offshore wind project amid market challenges
- Company frames Mona as a priority project with a clearer pathway to delivery
GlassPoint closes $20M to expand solar industrial process heat globally
Industrial heat is 26% of global energy use — and nobody's talking about it.
- Round led by N.I.S. New Investment Solutions
- Supports projects with Searles Valley Minerals (CA) and Ma'aden (Saudi Arabia)
- Enclosed Trough tech achieves ~70% efficiency; expanding to US Southwest, Europe, Middle East
| General Fusion to go public via Spring Valley Acquisition Corp. III (SPAC) | Fusion |
SPAC deal implies ~$1B pro‑forma equity value (incl. $105M PIPE + ~$230M trust, assuming no redemptions). Target close mid‑2026; plans to list on Nasdaq as GFUZ. General Fusion has not yet achieved net‑positive energy output.
| XCF, Southern Energy, and DevvStream agree to three-party merger | SAF |
Creating integrated low-carbon fuels platform. Exploring SMR nuclear + eSAF integration. Targeting $1B+ annual fuel revenue.
| 2150 closes Fund II; reaches €500M AUM | Funds |
Fund II closed at €210M; firm hits €500M assets under management. 27 portfolio companies, 4,500+ employees, $1B+ revenue across holdings.
| CleanCapital acquires battery storage portfolio via Osaka Gas JV | Storage |
7.7 MW / 30.8 MWh portfolio on Staten Island. NYU Langone Hospitals as sole offtaker.
| TD Bank signs 10-year offtake with Charm for 44,000 tonnes of carbon removal | Carbon |
Deliveries starting 2029. Charm expanding into Canada leveraging abundant biomass and wildfire risk.
| NuVista shareholders approve Ovintiv deal with 99% support | M&A |
Court grants final order. Closing expected after Canada Investment Act approval.
| Battalion Oil secures new gas treating deal after AGI shutdown | O&G |
Latest Episode
AI and Power with Shanu Mathew
Senior VP at Lazard on AI models, data centers, and power constraints.
Listen →| $200ish mil for geothermal | Jan 22 |
| Mitsubishi buys Aethon | Jan 20 |
| Talen buys $3.5bn of gas power | Jan 15 |
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Disclaimer: Not financial advice. This newsletter is for education + entertainment — not a recommendation or a solicitation to buy or sell anything. Do your own research and make your own calls (and talk to a pro when it matters).