ONE Nuclear Energy LLC, a developer of large-scale energy solutions powered by natural gas and advanced nuclear technologies, has executed a binding letter of intent to provide site control for the development of Project Cayman, a 2.88 GW natural gas plant and 700MW, 2.88GWh Battery Energy Storage System (BESS) project. Located near the RiverPlex MegaPark in Ascension Parish. the investment will be complemented by a co-located high-capacity 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. The project will complement regional economic development efforts by adding dispatchable generation, energy storage and technology infrastructure near major new industrial loads and transmission investment, providing further regional grid reliability.
The LOI represents an important step in ONE Nuclear’s continuing development of reliable, scalable and technology-ready energy infrastructure designed to meet the unprecedented power requirements of modern industrial and data-driven economies in Louisiana and other locations across the United States. Read more from the announcement.
