ONE Nuclear Executes Binding LOI for Project Cayman, a 2.88 GW Louisiana Energy Project with Co-Located Data Center Campus
WEST PALM BEACH, Fla., August 31, 2026--ONE Nuclear Energy LLC ("ONE Nuclear"), an independent developer of large-scale energy solutions powered by natural gas and advanced nuclear technologies, announced today that it has executed a binding letter of intent (LOI) with a prominent Louisiana landowner group, providing site control for the development of Project Cayman, a 2.88 GW natural gas plant and a 700MW, 2.88GWh Battery Energy Storage System (BESS) project with 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. Project Cayman is strategically located near Louisiana's RiverPlex MegaPark, northeast of SpaceX's recently announced infrastructure expansion. The project will complement these 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.
"Project Cayman, with its 2.88 GW power capacity, demonstrates that ONE Nuclear is committed to supporting the future economic development of one of Louisiana's most important industrial regions," said Richard Taylor, CEO of ONE Nuclear. "The project will deliver the reliable energy needed to support new investment, create jobs, expand the local tax base and generate additional funding for community priorities and critical infrastructure."
Community outreach is already underway and is expected to include a series of public information meetings with local parishes, governmental agencies and other project stakeholders from September through December 2026.
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.
"ONE Nuclear is proud to invest in the region to support the rapidly growing energy needs created by other recently announced developments such as the SpaceX Starbase project and Hyundai's $5.8 billion steel mill," added Taylor.
About ONE Nuclear Energy LLC
ONE Nuclear is an independent developer of scalable energy solutions powered by advanced technologies. ONE Nuclear's approach seeks to meet rapidly growing energy demand with a fast-to-market and fully integrated platform to develop, own and operate utility-scale natural gas and advanced nuclear power generation to serve industrial and grid applications. ONE Nuclear is committed to advancing clean energy deployment through innovative nuclear technologies and strategic site development. For additional information, please visit www.onenuclearenergy.com.