Dairyland Power and Applied Atomics sign LOI to explore SMR deployment

2026-10-22 Energy

From the Energy digest for 2026-10-22

New thread

What happened: On October 22, 2026 (~4:25 PM ET, Yahoo Finance), Dairyland Power Cooperative and Applied Atomics, Inc. announced the signing of a letter of intent to evaluate the potential deployment of Applied Atomics' small modular reactor nuclear technology.

What's genuinely new: New thread — first coverage of both the cooperative and the vendor on the record. The letter of intent covers evaluation only: no site, reactor design, timeline, capacity figure, or financing appears in the coverage.

Watch: Candidate sites on Dairyland's system; the SMR design Applied Atomics fronts; whether the LOI matures into a development agreement or deployment plan; any state or federal funding involvement.

Links: Yahoo Finance

Previous: The Nuclear Company names its proposed Kentucky campus "Prosperity One" — up to six AP1000s, ~6.6 GW, on the Ohio River

Next: NRC finalizes a rule streamlining commercial licensing for DOE- and DOD-authorized designs