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Hennessy VII partner maps 5 GW Louisiana power plan

HVII’s merger partner ONE Nuclear outlined a 5 GW Louisiana power-and-datacenter portfolio as their approved business combination moves toward closing and an expected ONEN listing.

(High)
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Hennessy Capital Investment Corp. VII (HVII) highlighted progress at its merger partner ONE Nuclear Energy LLC, which announced the 5 GW Louisiana Portfolio, a three-project program to serve growing datacenter, industrial and manufacturing power demand. The trilogy comprises Project Cayman, Project Amberjack and Barracuda Energy Park.

Cayman is planned as 2.88 GW of modular natural-gas generation with grid-scale storage and potential datacenter facilities, supported by a binding site-control agreement. Amberjack targets up to 1 GW of small modular nuclear reactor capacity, advancing through site studies and regulatory planning. Barracuda is master-planned with 1.2 GW of natural-gas generation, 300 MW / 1.2 GWh of battery storage and up to 1 GW of critical IT datacenter capacity.

ONE Nuclear states these capacities are planning objectives subject to engineering, permits, contracts, financing and licensing. HVII shareholders approved the Business Combination with ONE Nuclear on August 24, 2026, and the combined company is expected to trade under the ticker "ONEN" after closing in the second half of 2026.

Positive

  • None.

Negative

  • None.

Filing Explained

Amberjack’s current work does not establish NRC approval, a reactor license, environmental authorization, or final engineering.

ONE Nuclear reports that Amberjack has site control and is advancing technical and environmental studies, but those steps do not establish an NRC site approval, reactor license, environmental authorization, or final engineering determination; its proposed nuclear capacity therefore remains at the planning stage.

The next specified checkpoint is a public information meeting planned for October 2026, before major development decisions, where the company says it will explain the studies, environmental work, infrastructure and permitting process, and gather community feedback.

Louisiana Portfolio capacity 5 GW Total planning capacity across Cayman, Amberjack and Barracuda
Project Cayman natural-gas generation 2.88 GW Planned modular natural-gas capacity for Project Cayman
Project Amberjack SMR target 1 GW Targeted advanced small modular reactor generation capacity
Barracuda natural-gas generation 1.2 GW Planned modular, dispatchable natural-gas generation at Barracuda
Barracuda battery storage power 300 MW Planned four-hour battery energy storage power rating
Barracuda battery storage energy 1.2 GWh Planned four-hour battery energy storage capacity
Barracuda IT datacenter capacity 1 GW Up to approximately 1 GW of critical IT datacenter capacity
Cayman and Barracuda combined gas generation 4.08 GW Approximate combined dispatchable natural-gas capacity at planning targets
small modular nuclear reactor technical
"developed as a standalone, scalable, multi-unit small modular nuclear reactor"
grid-scale battery storage technical
"modular, dispatchable generation and grid-scale storage to support large"
binding letter of intent regulatory
"ONE Nuclear has executed a binding letter of intent that provides site"
A binding letter of intent is a short written agreement in which parties formally commit to the main terms of a proposed transaction — such as price, timeline and key conditions — before the full contract is completed. It matters to investors because it raises the chance the deal will actually happen and can change a company’s value and risk profile, much like a signed down-payment that holds buyers and sellers to core promises while final paperwork is finished.
Business Combination Agreement regulatory
"give rise to the termination of that certain Business Combination Agreement"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
forward-looking statements regulatory
"This press release contains forward-looking statements, including but not"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HVII’s partner ONE Nuclear announce in this Form 425 filing?

ONE Nuclear announced the Louisiana Portfolio, a 5 GW three-project program—Cayman, Amberjack and Barracuda—combining natural-gas generation, grid-scale battery storage, datacenter infrastructure and a pathway for advanced nuclear generation to meet rising power demand.

What are the key capacity targets in ONE Nuclear’s Louisiana Portfolio for HVII (NASDAQ: HVII)?

Planning targets include 2.88 GW of natural-gas generation at Cayman, up to 1 GW of SMR nuclear capacity at Amberjack, and 1.2 GW of natural-gas generation plus 300 MW / 1.2 GWh of battery storage and up to 1 GW of IT datacenter capacity at Barracuda.

How much dispatchable natural-gas generation does ONE Nuclear plan in Louisiana for HVII’s future ONEN partner?

At current planning targets, Project Cayman and Barracuda together represent about 4.08 GW of dispatchable natural-gas generation in Louisiana, supported by battery storage and datacenter infrastructure, all subject to final engineering, interconnection, permits, contracts and financing.

What is Project Amberjack in ONE Nuclear’s plan tied to HVII?

Project Amberjack is planned as a standalone, scalable campus of small modular nuclear reactors targeting up to 1 GW of advanced SMR generation, moving through technology selection, engineering, environmental review, transmission studies and federal licensing processes.

What is the status of the business combination between HVII and ONE Nuclear?

ONE Nuclear’s business combination with Hennessy Capital Investment Corp. VII was approved by HVII shareholders on August 24, 2026. The combined company is expected to list on a national exchange under the ticker “ONEN” in the second half of 2026, subject to customary closing conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Filed under Rule 425

under the Securities Act of 1933, as amended

and deemed filed under Rule 14a-12

of the Securities Exchange Act of 1934, as amended

Filing by: Hennessy Capital Investment Corp. VII

Subject Company: Hennessy Capital Investment Corp. VII

SEC File No.: 001-42479

 

On September 10, 2026, ONE Nuclear Energy LLC published the following press release:

 

ONE Nuclear Launches 5 GW Louisiana Portfolio of Energy Projects Comprising Nuclear, Natural Gas and Battery Storage

 

Three complementary projects unite dispatchable generation, grid-scale battery storage, datacenter infrastructure and a pathway for advanced nuclear development

 

WEST PALM BEACH, Fla.—(BUSINESS WIRE)ONE Nuclear Energy LLC (“ONE Nuclear”), an independent developer of large-scale energy solutions, today announced the Louisiana Portfolio, a 5 GW three-project energy and technology program for rapidly expanding datacenter, advanced-manufacturing and industrial demand. Following its prior Project Cayman and Project Amberjack announcements, ONE Nuclear is now presenting the complete Louisiana trilogy with three projects - Cayman, Amberjack and Barracuda - and the distinct role each is expected to play in Louisiana’s energy future.

 

The Louisiana Portfolio brings together speed, scale and long-term ambition: Cayman provides dispatchable power; Barracuda pairs dedicated generation and storage with datacenter infrastructure; and Amberjack establishes a disciplined pathway toward advanced nuclear generation. Each will advance on its own merits while together creating a compelling foundation for sustained investment in Louisiana.

 

“The Louisiana trilogy offers three distinct, complementary solutions to answer America’s soaring power demand,” said Richard Taylor, Chief Executive Officer of ONE Nuclear. “Cayman delivers scale, Barracuda connects dedicated power with digital infrastructure, and Amberjack creates a disciplined path toward advanced nuclear power. Together, they demonstrate our long-term commitment to powering Louisiana’s economic growth.”

 

Project Cayman

 

Project Cayman is being advanced as a 2.88 GW natural-gas generation and battery energy storage project with the potential for a co-located, high-capacity datacenter technology campus. The project is intended to use modular, dispatchable generation and grid-scale storage to support large industrial and digital-infrastructure loads while contributing reliable capacity in a region experiencing substantial transmission and economic-development investment.

 

ONE Nuclear has executed a binding letter of intent that provides site control for Cayman’s development. The project is expected to advance in phases aligned with customer demand, fuel availability, utility requirements, interconnection studies, environmental review, permitting and financing. No nuclear generation is included in Cayman’s current development plan.

 

Project Amberjack

 

Project Amberjack is being developed as a standalone, scalable, multi-unit small modular nuclear reactor (“SMR”) campus targeting up to 1 GW of advanced SMR generation capacity. Its ultimate capacity, reactor technology and plant configuration will be established through technology selection, detailed engineering, environmental review, transmission studies, commercial arrangements, financing and the federal licensing process.

 

 

 

 

Having achieved site control, Amberjack is advancing to additional technical and environmental evaluation. Planned work includes land, geotechnical and environmental field studies; cooling-water and logistics evaluations; transmission and interconnection analysis; vendor-neutral SMR technology screening; and continued engagement with local, state and community stakeholders and the U.S. Nuclear Regulatory Commission (“NRC”). The work completed to date does not constitute an NRC site approval, reactor license, environmental authorization or final engineering determination.

 

Barracuda Energy Park and Technology Campus

 

Barracuda is being master-planned as an integrated 1.2 GW Energy Park and Technology Campus designed to provide a highly reliable, purpose-built power environment for hyperscale and other large datacenter users. The current planning configuration includes:

 

Up to approximately 1 GW of critical IT datacenter capacity
Approximately 1.2 GW of modular, dispatchable natural-gas generation
Approximately 300 MW / 1.2 GWh of four-hour battery energy storage

 

Barracuda’s configuration is intended to retain flexibility to phase generation, storage and datacenter development in response to customer demand, site diligence, utility requirements, permitting, fuel supply, commercial agreements and financing.

 

The Louisiana Trilogy

 

At current planning targets, Cayman and Barracuda together represent approximately 4.08 GW of dispatchable natural-gas generation, supported by substantial grid-scale battery storage and datacenter infrastructure. Amberjack separately targets up to an additional 1 GW of advanced nuclear generation. These figures are planning-level development objectives subject to final engineering designs, interconnection awards, utility commitments, permits, customer contracts, financing commitments or construction decisions.

 

“The Louisiana Portfolio is ambitious because Louisiana’s opportunity is extraordinary,” said Chris Hansmeyer, Chief Development Officer of ONE Nuclear. “These projects are complementary, but they are not dependent on one another. We can advance proven dispatchable generation and storage for near-term demand, purpose-built infrastructure for digital and industrial customers, and a rigorous, site-specific pathway for advanced nuclear power.”

 

Community Engagement

 

ONE Nuclear plans to hold a public information meeting in October 2026 for residents, local officials, landowners, community organizations and other stakeholders to introduce the three projects, explain the current planning and study process, outline the environmental, infrastructure and permitting work ahead, answer questions and gather community feedback before major development decisions are made. ONE Nuclear intends this meeting to begin an open, continuing dialogue as Cayman, Amberjack and Barracuda advance through their individual development milestones.

 

ONE Nuclear is continuing site diligence, environmental and permitting analysis, engineering coordination, utility engagement, customer development and commercial structuring across the portfolio. Additional milestones will be announced as individual projects complete material development gates.

 

About ONE Nuclear

 

ONE Nuclear develops advanced nuclear and large-scale energy infrastructure designed to deliver reliable power, strengthen energy security and enable American industrial growth. The company advances projects through disciplined site control, siting and constraints analysis, regulatory planning, engineering coordination and project development. For more information, please visit www.onenuclearenergy.com.

 

On August 24, 2026, ONE Nuclear’s previously announced business combination (the “Business Combination”) with Hennessy Capital Investment Corp. VII (NASDAQ: HVII) (“Hennessy VII”) was approved by the Hennessy VII shareholders. The combined company is expected to be listed on a national exchange under the ticker symbol “ONEN” following an anticipated transaction close in the second half of 2026, subject to satisfaction of customary closing conditions. For more information, visit https://www.onenuclearenergy.com/newsroom.

 

 

 

 

Forward-Looking Statements

 

This press release contains forward-looking statements, including but not limited to statements regarding ONE Nuclear’s and Hennessy VII’s expectations, beliefs, intentions, strategies, and projections. All statements other than statements of historical facts contained in this press release are forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, the anticipated timing and benefits from the consummation of the Business Combination, ONE Nuclear’s management team’s expectations concerning the outlook for its business, productivity, plans, growth and capital investments, operational and cost performance, revenue generation, development timelines, potential generation capacities of specific sites, regulatory outlook, future market conditions, success of strategic relationships, developments in the capital and credit markets, expected future financial performance, as well as demand for nuclear energy and the economic outlook for the nuclear energy industry.

 

Forward-looking statements speak only as of the date of this press release and are based on ONE Nuclear’s and Hennessy VII’s current beliefs and assumptions. ONE Nuclear and Hennessy VII undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Actual results may differ materially due to various risks and uncertainties, including but not limited to: (1) the risk that the Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of Hennessy VII’s securities; (2) the failure to satisfy the conditions to the consummation of the Business Combination, including the receipt of certain regulatory approvals; (3) market risks; (4) the occurrence of any event, change or other circumstance that could give rise to the termination of that certain Business Combination Agreement, dated as of October 22, 2025 (as may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”), by and among Hennessy VII, Solis Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Hennessy VII, and ONE Nuclear; (5) changes in the transaction structure of the Business Combination due to regulatory or legal requirements; (6) the ability to meet listing standards; (7) the effect of the announcement or pendency of the Business Combination on ONE Nuclear’s business relationships, performance, and business generally; (8) failure to realize anticipated benefits from the Business Combination; (9) the outcome of any legal proceedings that may be instituted against ONE Nuclear or Hennessy VII related to the Business Combination or the Business Combination Agreement; (10) ONE Nuclear’s ability to execute on its business plan and to develop and maintain key strategic relationships and enter into definitive agreements in connection therewith; (11) competition in ONE Nuclear’s industry; (12) transaction-related costs; (13) the risk that changes in laws or regulations adversely affect ONE Nuclear’s business plans and operations; (14) adverse economic or competitive conditions; (15) the level of redemptions by Hennessy VII shareholders in connection with the Business Combination; (16) the risk that ONE Nuclear may not be able to successfully develop its exclusive sites or other sites and the commercial viability of any such site; (17) the risk that ONE Nuclear will be unable to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; and (18) other risks and uncertainties described in Hennessy VII’s Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on March 6, 2026, and other filings with the SEC, including the registration statement on Form S-4, the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the Business Combination from time to time. The foregoing list is not exhaustive, and there may be additional risks that neither Hennessy VII nor ONE Nuclear presently knows or that Hennessy VII and ONE Nuclear currently believe are immaterial. ONE Nuclear and Hennessy VII caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made.

 

Contacts

 

For Investors:

 

Caldwell Bailey – ICR, Inc.

onenuclear@icrinc.com

 

For Media:

 

Matt Dallas – ICR, Inc.

onenuclear@icrinc.com

 

 

 

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