ONE Nuclear signs LOI with Sunshine Partners for West Texas power sites

ONE Nuclear Energy LLC has signed a Letter of Intent with Sunshine Partners US LLC to jointly evaluate power generation development across five sites totaling approximately 18,275 acres in West Texas, according to a press release from the companies.

The portfolio, referred to as the "West Texas Platform," spans five counties within the ERCOT West market. The sites are being considered for a range of uses, including natural gas generation, solid oxide fuel cell generation, advanced nuclear energy, utility-scale solar, battery energy storage systems, data centers, and advanced manufacturing facilities.

Under the agreement, the two companies will jointly evaluate development pathways and commercial opportunities across the platform. No definitive agreements have been signed, and the LOI is non-binding.

"These sites offer exceptional infrastructure advantages and development flexibility," said Coen Weddepohl, Chief Financial Officer and Chief Investment Officer of ONE Nuclear. "By combining Sunshine Partner's site development expertise with ONE Nuclear's phased gas-to-nuclear deployment strategy and behind-the-meter power solutions, we believe we can create a powerful framework for supporting future industrial and technology growth in West Texas."

Sunshine Partners assembled the West Texas Platform in part through Sunshine DevCo, a development arm formed via its merger with TBRE. The company claims a portfolio spanning over 20 GW of development potential.

ONE Nuclear previously announced a definitive agreement for a business combination with Hennessy Capital Investment Corp. VII (NASDAQ: HVII). The combined company is expected to list on the Nasdaq exchange under the ticker symbol "ONEN," with the transaction anticipated to close in the second half of 2026, subject to customary closing conditions.

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