Nuclear Firm HGP Said to Plan SPAC Deal at $1.2 Billion Value

HGP Intelligent Energy is planning to go public through a SPAC deal, with reports valuing the nuclear services firm between $1 billion and $1.2 billion. The company aims to utilize retired Navy reactors to provide energy for AI data centers. While this innovative approach could potentially revolutionize the energy supply for AI infrastructure, the firm still faces significant economic viability concerns and critical regulatory hurdles as it moves toward its planned public listing via the blank-check vehicle.