logo
Texas A&M offers land to 4 nuclear energy companies for small reactors

Texas A&M offers land to 4 nuclear energy companies for small reactors

Yahoo08-02-2025

Texas A&M University is offering up land to nuclear reactor companies.
Texas A&M Chancellor John Sharp announced last week that he has offered land near the university's campus in Bryan-College Station to four nuclear reactor companies who intend to build small modular reactors.
Kairos Power, Natura Resources, Terrestrial Energy and Aalo Atomics have agreed to work with the Texas A&M University system to bring reactors to Texas A&M-RELLIS, the 2,4000-acre tech innovation campus in Bryan. The reactor builds and tests are part of a new project, "The Energy Proving Ground," which aims to look at the future of energy delivery in the U.S.
More: Why Texas A&M University wants state-of-the-art nuclear power plants on its campus
'Plain and simple: the United States needs more power,' Sharp said in a release about the news. 'And nowhere in the country, other than Texas, is anyone willing to step up and build the power plants we need. Thanks to the leadership of Gov. Greg Abbott and others in Texas state government, Texas A&M System stands ready to step up and do what is necessary for the country to thrive.'
According to the release, the companies' first reactors could be constructed within five years and will work toward bringing "commercial-ready technologies" to the university's land and testing the latest prototypes. The release said university officials have worked to streamline the regulatory process so the four companies can get their reactors operational quickly.
The power generated at the proving ground could also supply power to the Electric Reliability Council of Texas, which oversees Texas' grid. As of Friday morning, about 10.5% of ERCOT's energy generation came from nuclear energy sources, and its monthly capacity was over 5,260 MW.
"The Energy Proving Ground" site will have a combined electrical output of over one gigawatt. One gigawatt can power about 750,000 homes.
'The agreements that the Texas A&M System has with Kairos, Natura, Terrestrial and Aalo are going to change the energy landscape for the whole country,' said Joe Elabd, vice chancellor for research at the Texas A&M System. 'The Energy Proving Ground will allow these companies to safely test their SMRs and set the stage for deploying small nuclear reactors across the country.'
This article originally appeared on Austin American-Statesman: Texas A&M partners with 4 nuclear energy companies

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Travel Tech M&A Ramps Up: 40+ Deals in 3 Months
Travel Tech M&A Ramps Up: 40+ Deals in 3 Months

Skift

time43 minutes ago

  • Skift

Travel Tech M&A Ramps Up: 40+ Deals in 3 Months

Economic uncertainty leads to lower valuations, and that means it can be a good time to buy for companies that have the means. Analysts were right: 2025 is shaping up to be a busy year for travel tech M&A. In the past three months alone, Skift has tracked more than 40 deals — many driven by companies flush with recent funding or looking to consolidate in a changing market. Skift has tracked more than 40 travel tech deals in the past three months alone. Much of the activity comes from tech companies with fresh funding from the past couple of years, which they secured in part to grow via M&A. Many large companies and investment firms are scooping up travel tech companies as well. Multiple late-stage startups — established businesses with a proven track record — raised big amounts last year as they seek to modernize the travel industry. But for younger startups, funding has been tight: So far this year, Skift has tracked fewer than 60 startup funding rounds, and only two were over $100 million. That's pacing much lower than last year when we tracked more than 200 fundings, with more than a dozen over $100 million. As investors have told Skift, economic uncertainty leads to lower valuations, and that means it can be a good time to buy for companies that have the means. Between startups running out of money and independent owners looking for an exit, there should still be plenty of opportunity. Below are details about more than 40 M&A deals involving travel tech from the past three months. The selling price for most of the deals was undisclosed. That often — but not always — means the deals were small. Boeing Selling Aviation Software for $10.55 Billion Private equity firm Thoma Bravo in April said it plans to purchase Boeing's aviation software business in an all-cash transaction of $10.55 billion, expected to close by the end of the year. The deal includes the software for airline operations, flight planning, and lease management: Jeppesen, ForeFlight, AerData, and OzRunways assets. Boeing is keeping a piece of fleet management software. The software business employs 3,900 people, including those who will remain with Boeing and those who work for the assets being sold. Amadeus Makes Two Acquisitions Amadeus, the distribution tech company, has made two acquisitions so far this year. The Madrid-based company acquired ForwardKeys, a travel data analytics firm, in the first quarter of the year. Amadeus paid $17.4 million (€15.3 million) for the company, which had about 100 employees, according to a document filed with the Spanish government. And at the end of April, Amadeus announced that it acquired Hermes, a tech product meant to streamline traveler screening at international borders. Amadeus bought the tech from Netherlands-based software company WCC Group. Amadeus made two acquisitions in 2024: Vision-Box for $347.7 million to expand its biometrics services for airports, and Voxel for $123.2 million to strengthen its payment tech services. Sabre Sold Its Hospitality Unit Sabre in April said it plans to sell its hotel tech business for $1.1 billion in cash to the private equity arm of San Francisco-based TPG. The deal is expected to close in the coming months. Sabre CEO Kurt Ekert had put a lot of effort into building the hotel tech unit since he started his role in 2023, but a top priority is reducing over $5 billion in debt. About 1,000 employees are moving with the sale, reducing Texas-based Sabre's headcount to about 5,500. Ekert talked more about the decision in an interview with Skift. JetBlue Ventures Sold to Private Equity The airline JetBlue in May said it sold its venture capital arm, JetBlue Ventures, to the private equity firm Sky Leasing as part of a focus on profitability. Amy Burr, CEO of JetBlue Ventures, spoke with Skift about what's next. JetBlue Ventures has invested in 55 early stage startups and made more 40 follow-on investments since it was founded in 2016. Eight of those companies have either been acquired or gone public, and a handful have gone out of business. JetBlue was the sole investor in JetBlue Ventures, and the investments always came from the airline's balance sheet, Burr said. That means the airline still has a stake in all the startups it has invested in so far, and the plan for now is to maintain that. JetBlue Ventures' total equity investments were valued at $89 million at the end of the first quarter this year, according to a public filing. American Express Acquires Center for Expense Management American Express in April acquired Center, a startup platform for expense management. American Express said it will integrate Center's tech with its corporate card program for commercial customers. The Center team joined American Express, the company said. The credit card company's expense management services historically have come through third-party platforms, including Concur and Emburse. Washington-based Center said its platform is meant to give businesses real-time visibility into employee spending, as well as automate accounting tasks and streamline expense submission processes. Lighthouse and Duetto Complete Their First Post-Funding Deals Lighthouse and Duetto both made their first acquisitions since getting fresh capital in recent months. Lighthouse, the London-based tech platform meant to help hotels drive revenue, raised $370 million last November. It acquired The Hotels Network in April, a Barcelona-based tech company focused on marketing and distribution for hotels. The deal added a new offering for Lighthouse and more than 20,000 hotel clients. (See Skift's story.) Duetto, the San Francisco-based hotel revenue management platform, last June was acquired by private equity firm GrowthCurve Capital for an undisclosed sum. The company in April acquired UK-based hotel data analytics firm HotStats. Lyft Acquires Freenow to Enter Europe Rideshare app Lyft in April said it plans to acquire taxi reservation app Freenow from BMW Group and Mercedes-Benz Mobility for $197 million. The deal is expected to close in the coming months. San Francisco-based Lyft operates in the U.S. and Canada. It reported that it reached an all-time high of 44 million annual riders in 2024. Germany-based Freenow operates in 150 cities across Ireland, the UK, Germany, Greece, Spain, Italy, Poland, France, and Austria. Lyft said the combined company will have more than 50 million annual riders. Bolt Makes Its First Acquisition Bolt, the rideshare app, in March acquired Viggo to expand services into Denmark. Estonia-based Bolt operates in more than 50 countries. Besides rideshare and airport pickup, Bolt offers car rentals, delivery, and e-bike and scooter rentals. Viggo operates a fleet of more than 300 electric vehicles and has 450,000 users in Copenhagen and Aarhus. Bolt already had e-bike rental operations in Copenhagen. Hotelbeds Acquires Civitfun, Its First Deal Post-IPO HBX Group, the owner of hotel wholesaler Hotelbeds, said in May that it acquired hotel tech company Civitfun. The company bought Civitfun for $3.4 million (€3 million) 'plus a deferred consideration contingent on the achievement of future EBITDA levels,' according to a filing with the UK government. Spain-based HBX Group negotiates discounted rates for 250,000 hotels — including 100,000 that it has direct contracts with — and then marks them up for more than 60,000 travel sellers. Spain-based Civitfun primarily offers digital check-in and check-out tech for hotels and vacation rentals, as well as products for hotel and guest communications, upselling, and company said it had 3,500 clients. HBX Group said its hotel partners now have access to the Civitfun tech, and the company plans to strengthen that tech. Spain-based HBX Group went public in February at a valuation of $3.3 billion (€2.84 billion) deal. Former CNBC Host Acquires Dylan Ratigan, the former CNBC and MSNBC host and serial entrepreneur, in March acquired hotel-booking site and became the new CEO. Ratigan said he was attracted to for the domain name, and the potential to expand its hotel business, as well as to branch out into travel-adjacent verticals, such as restaurants and event tickets. In 2022, HotelPlanner and were slated to merge with a shell company and go public in a SPAC deal valued at $688 million. But the three companies called off the marriage without explanation in February 2022. Mondee Acquired Out of Bankruptcy Mondee, a booking platform for travel agents, in April said that it had been acquired and exited Chapter 11 bankruptcy. Mondee co-founder and Chairman Prasad Gundumogula acquired a majority stake in the company as a co-owner of the buyer, a company called Tabhi. Other Tabhi owners include affiliates of TCW Asset Management Company, Morgan Stanley Investment Management. Mondee had been a public company before it was delisted from Nasdaq in December. SITA Acquires Airport Design Company CCM SITA, the airline-owned tech provider for much of the air travel industry, in March said it acquired airport design company CCM. Switzerland-based SITA provides tech for passenger processing, baggage handling, and airport operations, and more. Milan-based CCM said it has designed more than 300 airports worldwide. SITA says the deal is meant to combine tech and interior design as more airports prioritize self-service, biometrics, mobile apps, and IT spending. SITA says it is working to improve the passenger journey process ahead of an expected two-fold increase in air traffic by 2040. Juniper Travel Technology Adds Another Company Juniper Travel Technology acquired RezMagic, a Florida-based event management software company that focuses on the cruise industry. Juniper Travel Technology is a business unit of Juniper Group, which is an operating portfolio of Vela Software, one of the six divisions of Toronto-based Constellation Software. Juniper Group owns more than 30 companies, including around a dozen in travel. The company plans to buy as many as a dozen travel tech companies this year, said Jaime Sastre, CEO of Juniper Group, in an interview with Skift in January. Tripadvisor completed its $430 million merger with parent company Liberty Tripadvisor Holdings, a deal announced last December. Amex GBT and CWT extended the deadline for their merger to close from March 21 to Dec. 31, been an ongoing U.S. Department of Justice lawsuit to block the deal, which was first announced in March 2024. CWT's value was reduced from $570 million to $540 million. Tech firm Prosus in May completed its acquisition of Despegar, Latin America's largest online travel company, for $1.7 billion. The deal was announced in December. Other Acquisitions

£10k in cash savings earning peanuts? Considering these dividend stocks could mean a ton of passive income
£10k in cash savings earning peanuts? Considering these dividend stocks could mean a ton of passive income

Yahoo

time4 hours ago

  • Yahoo

£10k in cash savings earning peanuts? Considering these dividend stocks could mean a ton of passive income

UK interest rates have been coming down recently. As a result, the rates on savings accounts have been falling too. The good news is that it's still possible to generate substantial passive income with dividend stocks. Here's a look at two UK stocks that offer chunky yields at present and could be worth considering as income investments today. First up, we have HSBC (LSE: HSBA). It's a global leader in the banking space. This is my favourite UK banking stock (even though I don't own it personally today). I like it because it's globally diversified and has exposure to high growth areas such as Asia and wealth management. For the 2025 financial year, analysts expect HSBC to reward investors with dividends of around 67 cents per share. That translates to a yield of about 5.7% at today's share price and exchange rate (income of approx. £285 per year on a £5,000 investment). Dividend coverage (the ratio of earnings per share to dividends per share) is expected to be around two. That's healthy and indicates that there's a low chance of a dividend cut in the near term. It's worth pointing out that banking can be a turbulent industry at times. So with a stock like this, investors need to expect some share price volatility. If one is willing to hold the stock for five years, however (which is generally the minimum recommended time to own a stock), I think there's potential for solid total returns (dividend income and capital gains). Next, we have M&G (LSE: MNG). It's a UK savings and investment company. It's not the most exciting company in the world. But it has a good track record when it comes to paying dividends and it offers a high yield at present. Indeed, for 2025, analysts expect M&G to reward investors with a payout of 20.6p per share. That translates to a yield of about 8.6%. On a £5,000 investment, that works out at around £430 income per year. Dividend income is never guaranteed, however, and investors should note that the dividend coverage ratio here is a little on the low side at around 1.3 (signalling that there's a chance of a dividend cut at some stage). Like HSBC, M&G operates in an industry that can be volatile at times. When financial markets get turbulent, the company's share price can swing around wildly as investors worry about future profitability. This company has stood the test of time though, having been around for over 150 years. So, I think it's worth considering as an income play. It's worth pointing out that when investing for income, it's smart to own at least 15 different stocks. Owning just one or two is quite risky. If one had £10,000 to deploy, it wouldn't be smart to put it all into just two stocks. This could lead to disappointing returns if one (or both) of the stocks experienced some problems. Thankfully, there are lots of great dividend stocks on the London Stock Exchange today. If you're looking for more investment ideas, you've come to the right place. The post £10k in cash savings earning peanuts? Considering these dividend stocks could mean a ton of passive income appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Edward Sheldon has positions in London Stock Exchange Group. The Motley Fool UK has recommended HSBC Holdings and M&g Plc. HSBC Holdings is an advertising partner of Motley Fool Money. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025

Forecast: in 1 year, the Vodafone share price could turn £1,000 into…
Forecast: in 1 year, the Vodafone share price could turn £1,000 into…

Yahoo

time6 hours ago

  • Yahoo

Forecast: in 1 year, the Vodafone share price could turn £1,000 into…

The Vodafone (LSE:VOD) share price is off to a decent start in 2025, climbing by almost 12%, putting it ahead of its parent index. That's certainly a welcome change of pace compared to the downward trajectory the business has been on since early 2022. And looking at its latest results, this performance is also backed up by improving financials. Operations in Africa continue to grow rapidly by double-digits as the adoption of its mobile payment solution, M-PESA, captures further market share. Growth in the UK is now set to reignite thanks to the recently completed merger with Three, and performance across Europe's also bouncing back (with the exception of Germany). At the same time, higher free cash flow generation, along with non-core disposals, has paved the way for further debt reduction, improving the health of the balance sheet. And when excluding non-cash impairment charges, operating profits during the 12 months leading to March 2025 jumped 12% from €3.67bn to €4.1bn. Needless to say, this is all pretty encouraging news. And it seems CEO Margherita Della Valle's efforts to right the ship are finally starting to bear fruit. So if this turnaround continues, how much money could investors make from the recovery by buying £1,000 worth of shares today? The progress made so far has helped boost institutional analyst sentiment towards this business. While most continue to be cautious with a Hold recommendation, like the team at Barclays, some are more bullish. For example, UBS sees the fair value of Vodafone shares at 120p by this time next year if the firm can achieve its expected post-merger with Three operational efficiencies. JP Morgan seems to have drawn a similar conclusion with a price target of 110p, citing the incoming cost savings from the ongoing restructuring and expected performance boost in the UK market. If these projections prove accurate, a £1,000 investment today could be worth up to £1,564 within the next 12 months. As previously mentioned, not every institutional analyst is as optimistic as UBS or JP Morgan. Going back to Barclays, the banking giant has highlighted its concerns about competitive pressures in Germany – a fear shared by Goldman Sachs. According to their analysis, the fair value of the Vodafone share price is between 75p and 85p, which is roughly in line with where the stock currently trades. So which analysts should investors listen to? The group's weak performance in Germany is problematic. Vodafone has been losing market share for a number of years. Competitors have been offering cheaper alternatives at a seemingly higher quality based on customer reviews. Under Della Valle, client attrition in Germany has slowed (excluding the recent regulatory changes surrounding bulk TV contracts). Management's now allocating capital to improve the quality of customer services as well as accelerate the rollout of 5G & Fibre in the pursuit of boosting its net promotor score. On paper, this strategy sounds sensible. But whether it can be successfully executed remains a big question mark. And with 40% of underlying earnings stemming from this market, a failure to get Germany back on track could significantly adversely impact the business even if other markets continue to perform well. With that in mind, I'm leaning more towards the side of caution and keeping this business on my watchlist. The post Forecast: in 1 year, the Vodafone share price could turn £1,000 into… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended Barclays Plc and Vodafone Group Public. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store