ASP Isotopes (NasdaqCM:ASPI) Conference February 25, 2026 09:05 AM ET Company ParticipantsAnna Berry - HostPaul Mann - Chairman and CEOAnna Berryeveryone to the 90th Emerging Growth Conference and day one of our two-day virtual investor conference. I'm Anna Berry. Just a few notes. Today, we're running until about 4:50 P.M. Eastern. When we switch to the next company, you'll see a black screen for a moment. Don't go anywhere. That's just us moving to the next presentation. If you do experience downtime for ...

The MIT Technology Review reports that data centers already consume 4.4% of all the electricity generated in the U.S. and that artificial intelligence (AI) will require as much electricity as 22% of all American households combined by 2028. To solve that power crunch on the horizon, the United States has been focusing on nuclear power. The Department of Energy has set a goal to triple American nuclear energy production by the middle of the century. And all those nuclear reactors both operating and plann ...

Core Insights - Quantum Leap Energy LLC (QLE), a subsidiary of ASP Isotopes Inc. (ASPI), has established a Strategic Advisory Board (SAB) to enhance its capabilities in the nuclear fuel cycle [1][3] - The SAB includes industry leaders Mary Lou Dunzik-Gougar and Kevin Kramer, who bring extensive expertise in nuclear engineering and advanced materials [1][4][5] - QLE is focused on developing proprietary technologies to address inefficiencies and environmental concerns in the nuclear fuel cycle, emphasizing modular and scalable designs [2][6] Company Overview - QLE is dedicated to advancing technologies across critical segments of the nuclear fuel cycle, including uranium conversion and isotopic separation [7][8] - The company aims to fill gaps in the nuclear fuel supply chain for advanced reactors and fusion systems through exclusive rights to proprietary technologies [8] - ASP Isotopes Inc. focuses on producing isotopes for various industries, with an initial emphasis on healthcare and technology, and plans to enrich isotopes for the nuclear energy sector [9] Strategic Initiatives - The formation of the SAB is seen as a significant step in QLE's commercial evolution, expected to accelerate market entry and deepen strategic partnerships [3] - QLE intends to leverage ASPI's proprietary isotope separation technologies, which offer advantages such as reduced capital expenditure and enhanced flexibility [6] - The company has established partnerships with industry leaders like TerraPower and Fermi America to accelerate the commercialization of critical isotopes [8]

Core Insights - ASP Isotopes Inc. (ASPI) announced plans for its subsidiary Quantum Leap Energy LLC (QLE) to establish a global corporate headquarters in Austin, Texas, enhancing its operational presence and customer service capabilities in the U.S. [1][2] Group 1: Company Developments - QLE aims to build a significant operational presence in Texas, focusing on a joint venture with Fermi America to develop a high-assay-low enriched uranium (HALEU) enrichment facility and a commercial production facility for stable isotopes and advanced nuclear materials [2][3] - The establishment of QLE's headquarters is strategically timed as advanced reactor technologies are rapidly being developed to meet the increasing clean power demands, particularly for AI data centers and industrial electrification [3] Group 2: Industry Context - Texas is positioned as a leader in energy production and has a supportive regulatory environment for the nuclear sector, which is crucial for attracting talent and infrastructure necessary for QLE's growth [3] - The U.S. Department of Energy projects a need for 50 metric tons of HALEU per year by 2035, escalating to 500 metric tons per year by 2050, indicating a significant demand for advanced nuclear fuels [3] Group 3: Company Focus and Technology - Quantum Leap Energy is dedicated to advancing technologies across critical segments of the nuclear fuel cycle, including uranium conversion, enrichment, and isotopic separation, while also focusing on radioactive waste treatment technologies [4] - The company utilizes proprietary technologies such as the Aerodynamic Separation Process (ASP) and laser-based Quantum Enrichment (QE) to address gaps in the nuclear fuel supply chain for advanced reactors and fusion systems [4] Group 4: Strategic Partnerships - QLE has established strategic partnerships with industry leaders like TerraPower and Fermi America to accelerate the commercialization of critical isotopes essential for next-generation nuclear energy systems [4]

中国在该领域的发展处于领先地位。宁德时代已于2025年推出其钠离子电池产品线Naxtra并宣布开始大 规模生产；比亚迪也正在建设大型钠离子电池生产基地。在应用端，钠离子电池已开始落地：2024年， 江铃集团为其EV3车型提供钠离子电池选项；中科海钠的电池用于低速电动汽车；雅迪在2025年推出了 四款钠离子两轮车。此外，深圳等多个中国城市已试点钠离子电池换电站。 尽管当前能量密度仍低于高端锂离子电池，但其性能持续提升，已能满足小型车辆需求。业界认为，钠 离子电池最重要的影响可能在于电网储能领域。其低成本、高安全性和长寿命的特点，使其成为储存太 阳能和风能的有力选择。美国初创公司Peak Energy已开始部署电网规模的钠离子储能系统。 全球煤炭消费进入平台期 2030年前或小幅下降 近日，《麻省理工科技评论》发布了2026年度"十大突破性技术"榜单。其中，钠离子电池与下一代核能 技术作为能源领域的核心突破入选，展现了全球向更安全、更经济、更可持续的能源体系转型的关键方 向。这两项技术均被认为在未来3至5年内有望实现规模化成熟应用。 氢离子电池 钠离子电池凭借其原料丰富、成本低廉及安全性更佳的特性，正成为锂离子电 ...

首批预计纳入新部门管理的资产包括SK株式会社和SK Innovation持有的美国小型模块化反应堆公司 TerraPower的股份。这显示SK集团将AI投资的范畴扩展至支持AI基础设施的能源领域，反映出对AI算 力需求背后能源供应的重视。SK海力士将很快召开董事会会议，就设立新投资部门的议程进行讨论。 针对相关报道，SK海力士回应称正在考虑多种方案，包括成立人工智能投资部门。这一表态显示公司 对AI投资整合持开放态度，但具体方案尚未最终确定。 新公司将逐步接管SK集团各关联公司目前持有的海外AI相关投资资产。首批纳入的资产预计包括SK株 式会社和SK Innovation持有的美国小型模块化反应堆公司TerraPower的股份。 整合分散投资提升效率，首批资产包括核能项目 报道称，SK海力士设立美国新部门的核心目标是整合此前由集团各关联公司分别进行的人工智能投 资。知情人士透露，这一调整旨在加快决策速度并增强投资专业能力。 新公司预计将陆续接管SK集团各关联公司目前持有的约10万亿韩元海外AI相关投资资产。这一整合举 措将使集团能够更统一地管理AI投资组合，避免资源分散和重复投资。 韩国存储芯片巨头SK海力士 ...

Core Insights - The Department of Energy (DOE) is implementing the Fusion Science and Technology Roadmap (FS&T Roadmap) to transition fusion energy from laboratory research to commercial viability by the mid-2030s [1][5] - The roadmap outlines a phased approach: near-term focus on digitalization and infrastructure, mid-term on prototype integration, and long-term on grid delivery and scale-up [2][3] Near-Term Actions - Emphasis on digitalization and infrastructure preparation to support fusion technology development [1] - Launch of the AI-Fusion Digital Convergence Platform to enhance materials discovery and plasma behavior prediction [4] Mid-Term Actions - Integration of prototypes to test and refine fusion technologies [2] - Construction of small-to-medium test facilities and design completion for large-scale "First-of-a-Kind" (FOAK) facilities [4] Long-Term Goals - Delivery of power to the grid from the first fleet of pilot plants [4] - Expansion of public infrastructure to support a global fusion market, aiming to lower the levelized cost of energy [4] Core Technical Challenges - The DOE has identified six core technical challenge areas to address gaps in fusion technology [3] - Key areas include structural materials, plasma-facing components, confinement systems, fuel cycle and tritium processing, blankets, and plant engineering [4][10] Material Development - Development of Reduced Activation Ferritic Martensitic (RAFM) steels and vanadium alloys to withstand neutron bombardment and minimize radioactive waste [11] - Focus on tungsten for plasma-facing components to handle extreme heat without contamination [12] Fusion Confinement Methods - The FS&T Roadmap pursues both Magnetic Confinement Fusion and Inertial Confinement Fusion [14] - Magnetic confinement utilizes High-Temperature Superconducting (HTS) magnets to stabilize plasma, with Tokamaks and Stellarators as primary architectures [15][18] Inertial Confinement Fusion - This method employs high-energy lasers to compress fuel pellets, igniting plasma through micro-explosions [19] - Companies involved in producing optical components and high-power diodes are critical to this approach [20] Tritium Breeding and Fuel Cycle - The DOE aims for a closed-loop fuel cycle to breed tritium using lithium-containing blankets, ensuring domestic supply and minimizing reliance on international sources [21] - Companies like Oklo and BWXT are involved in tritium production and breeding technologies [24][25] Blanket Technology - The blanket in fusion reactors is essential for energy conversion, tritium breeding, and radiation shielding [29] - The DOE is aligning advanced fission research and development with fusion technology to create a unified supply chain [30] Plant Engineering and Systems Integration - Focus on the Balance of Plant (BOP) to ensure reliability and efficiency in converting fusion energy to electricity [31] - Innovations such as Supercritical CO2 turbines are being prioritized for their efficiency and smaller footprint [32]

Core Viewpoint - Meta Platforms, Inc. (NASDAQ:META) has faced stock price stagnation over the past year, primarily due to increased capital expenditure guidance and market concerns about its competitive position [2] Group 1: Financial Performance - Meta Platforms, Inc. reported better-than-expected revenue and EPS in its fiscal third-quarter earnings, yet the stock has struggled since October [2] - The company raised its 2025 capital expenditure guidance to $70 billion to $72 billion from a previous range of $66 billion to $72 billion [2] Group 2: Market Sentiment - Jim Cramer defended Meta's spending strategy, arguing it is essential for maintaining its competitive edge against emerging threats like OpenAI [2] - Bank of America reiterated a Buy rating for Meta Platforms, Inc. with a price target of $810 per share following the company's agreements with nuclear power firms [2] Group 3: Investment Perspective - While acknowledging Meta's potential, some analysts believe that other AI stocks may offer better returns with lower risk [3]

Group 1 - Meta Platforms, Inc. plans to cut over 1,000 jobs from the Reality Labs division, reallocating resources towards AI wearables and phone features [1][2] - The job cuts will affect nearly 10% of employees within the Reality Labs group, while the company will continue to develop metaverse projects but with a reduced focus on VR headsets [2] - BofA Securities reaffirmed its Buy rating on Meta with a price target of $810, following the announcement of long-term partnerships with three nuclear energy companies to address power availability for data center expansion [3] Group 2 - Meta Platforms, Inc. operates in two segments: Family of Apps (FoA) and Reality Labs (RL), focusing on social media applications and connecting people [4]

Core Insights - Tech companies are increasingly investing in energy generation to support their AI data centers, which require significantly more power than traditional computing systems [2][6] - Alphabet's acquisition of Intersect Power for $4.75 billion marks a significant shift in the tech industry's approach to energy, moving from outsourcing to in-house energy development [3][5] - Other major tech firms like Amazon and Meta are also expanding their involvement in energy projects, indicating a trend towards greater self-sufficiency in energy sourcing [4][5] Group 1: Industry Trends - The demand for energy from AI systems is straining existing power grids, prompting tech companies to take a more active role in energy generation [2] - The traditional model of relying on external developers and investors for energy projects is being replaced by tech companies taking on more direct involvement and risk [5] - Electricity has become a critical barrier for hyperscalers in expanding their AI capabilities, necessitating a shift in how energy is treated in financial planning [6] Group 2: Company Actions - Alphabet's acquisition of Intersect Power is the first instance of a tech company bringing an energy developer in-house, surprising industry observers [3] - Amazon is pursuing a 1.2 gigawatt solar project in Oregon and is funding the development of small modular reactors, showcasing its commitment to energy projects [4] - Meta is also investing in small modular reactors, further illustrating the trend of tech companies diversifying into energy [4]