General Fusion completed its SPAC merger with Spring Valley Acquisition Corp. III on July 10, 2026, becoming the first publicly traded fusion company. Shares will begin trading on Nasdaq under GFUZ on Monday after an earlier $1 billion deal announcement that followed layoffs and a CEO funding plea, plus a new Italy deployment partnership with Renexia, though significant technical hurdles remain.
General Fusion is working to tap the atom-smashing reactions that power the sun in hopes of generating commercially viable amounts of electricity.
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Google has contracted for power from Constellation Energy, with new nuclear energy accounting for about a quarter of the supply. The 20-year deal will enable more than $4.3 billion in new investment and upgrades at 11 nuclear units in the PJM grid.
SB Energy, the SoftBank-backed developer of AI data centers, filed for a US IPO on Tuesday, reporting 66.4% revenue growth in the first half of 2026 and a $439 billion backlog while disclosing it has no operational facilities and is substantially dependent on OpenAI. The filing underscores the tight linkages among OpenAI, SoftBank, and Nvidia in the $500 billion Stargate project as the company seeks to broaden its customer base through acquisitions.
Rebirth Group is fighting eviction from its Normandy factory over unpaid rent, a homeowner personally put out a solar panel fire in Moselle, and German lab tests revealed usable-capacity shortfalls in 16 home batteries. The stories illustrate the practical frictions that continue to accompany the energy transition.
The Department of Energy has authorized PJM to require data centers to use backup power during a heat wave straining the grid this week. The move highlights growing electricity demand from AI-driven data centers in a region with the world's largest concentration of such facilities.
Anthropic's IPO prospectus warns its AI work could raise catastrophic risks to humanity while reporting a $42 billion net loss on $4.6 billion revenue. The filing also details plans for a founder-controlled LLC to retain 50.1 percent voting power post-IPO.
