Investment Rating - The report maintains a "Buy" rating for HA Sustainable Infrastructure (HASI) and a "Neutral" rating for Oklo, while NuScale Power is rated as "Underperform" [41][21][26]. Core Insights - The tone of the Cleantech Symposium improved due to reduced policy uncertainty and increased corporate interest in capitalizing on power growth themes [1]. - Data centers are projected to account for approximately 50% of the expected growth in U.S. power demand, with a forecast of 80-90 GW of incremental data center capacity by 2030 and a 20-25% rise in U.S. electricity demand by 2035 [2]. - Advanced nuclear technologies, particularly small modular reactors (SMRs), are moving towards commercialization, with various companies targeting competitive costs and regulatory approvals [3][13]. - Utility-scale solar is expected to ramp up to 53.5 GW by 2027, although uncertainty in deployment is anticipated from 2028 to 2030 [4][12]. - The need for energy storage solutions is becoming critical, especially in light of supply chain constraints and the shift towards domestic manufacturing [5][11]. Summary by Sections Symposium Panel Takeaways - The Cleantech Symposium highlighted the accelerating U.S. power demand driven by AI/data-center loads and industrial electrification, with solar and storage dominating long-term additions [10][11]. - Interconnection challenges and FEOC compliance are significant factors affecting project bankability and capacity additions [11][12]. Advanced Nuclear - Companies like Oklo and Terra Innovatum are making strides in regulatory engagement and fuel flexibility, with Oklo's first reactor construction underway [21][22][13]. - NuScale's path to commercialization remains uncertain, hinging on key agreements and regulatory approvals [24][26]. Solar and Storage - The residential solar market is expected to see a reset in demand as the 25D ITC expires, but financing innovations may provide pathways for growth [15][17]. - T1 Energy is ramping up domestic module production, with a focus on reducing reliance on Chinese supply chains and increasing domestic content [19][45]. Grid and Energy Efficiency - HASI is expanding its investment pipeline, with a significant project in the SunZia Wind South onshore wind project, indicating strong growth potential in renewable energy investments [37][39]. - The report emphasizes the importance of domestic supply chains and the need for compliance with FEOC regulations to ensure project viability [19][20].

Company Overview - NANO Nuclear Energy Inc aims to be a commercial leader in the U S nuclear industry, focusing on advanced technology and vertical integration[10, 15] - The company's development strategy includes advanced microreactors, fuel processing, nuclear fuel transportation, and consultation services[11, 13] Reactor Designs and Technology - NANO Nuclear acquired KRONOS MMR in January 2025, a modular High Temperature Gas Reactor with a power output of 10 MWe to 1000 MWe (multiple units)[28, 32] - The KRONOS MMR project has received NRC approval for Fuel Qualification Methodology (FQM)[35] - The LOKI MMR is a portable reactor with a power output of 05 MWe to 3 MWe, designed for terrestrial, marine, and space environments[43, 47] - ZEUS is a solid core battery reactor, with patent applications filed in May 2025[50] - ODIN is a Low-Pressure Coolant Reactor, with strategic alternatives being considered to focus on KRONOS MMR[58, 60] Fuel Processing and Transportation - NANO Nuclear is a member of the DOE's HALEU Consortium, supporting the development of enrichment technology[67, 72] - The company is collaborating with LIS Technologies Inc to advance uranium enrichment and fuel fabrication capabilities[73, 75] - Advanced Fuel Transportation Inc (AFT) has secured exclusive licensing rights for a high-capacity HALEU fuel transport basket technology[84, 88] Facilities and Collaborations - NANO Nuclear acquired a 23,537-square-foot facility in Oak Brook, Illinois, to support KRONOS MMR development[94, 98] - A 14,000 sq ft facility was purchased in Oak Ridge, Tennessee in August 2024 for $171 million to support collaboration with LIS Technologies[100, 106] - A demonstration facility in Westchester County, NY, is used to demonstrate components of microreactor designs and ALIP technology[108, 111]