Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 342

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 342
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 by $10 billion to $85 billion. Microsoft CEO Satya Nadella acknowledged the supply crunch in Q3 2024 earnings: “This demand all showed up pretty fast. We ran into a set of constraints.”

These clusters typically require highly reliable power with 24/7 availability, along with long-term price certainty, rapid scalability, and, critically, access to firm, dispatchable baseload resources. As interconnection queues extend and renewable intermittency limits the ability to serve these loads from the existing grid, customers are increasingly shifting toward purpose-built, co-located energy parks capable of delivering dedicated capacity, thermal integration, and multi-decade contractual structures.

Winning the AI Race is Considered a Matter of National Security

The strategic necessity of ONE Nuclear’s mission is reinforced by the geopolitical dimension of the AI race. The United States government has identified leadership in AI as a critical national security priority. Sustaining this leadership requires domestic compute capacity (“sovereign compute”), which in turn requires domestic power. The “AI Gigafactories” currently being planned – facilities housing hundreds of thousands of GPUs – cannot be offshored to regions with unstable power grids or geopolitical adversaries.

This alignment between private sector demand and public sector security priorities significantly de-risks the regulatory environment for new nuclear deployment. Initiatives such as the ADVANCE Act (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy) and recent Executive Orders aimed at streamlining NRC licensing reflect a bipartisan consensus that expanding firm nuclear capacity is a matter of national interest. ONE Nuclear’s focus on U.S.-based deployment positions the Company to benefit from these regulatory tailwinds and potentially access low-cost capital through the Department of Energy (“DOE”) Loan Programs Office.

Supply Growth is Constrained by Intermittency of the U.S. Power Stack and Transmission Limits

While penetration of renewable, intermittent energy continues to grow, system constraints now limit its ability to meet the energy-dense, 24/7 load profiles. Transmission congestion and multi-year interconnection queues have slowed new generating capacity significantly; more than 2,600 GW of generation and storage projects are currently awaiting connection approval in the United States. The median wait time from interconnection request to commercial operation has stretched to 5 years nationally and over 8 years in PJM (Microgridknowledge, 2025).

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On top of this, the grid is facing a “thermal cliff”: the scheduled retirement of aging coal and natural gas plants that currently provide the bulk of the system’s inertia and