About

About Thorium One Power

Thorium One Power is a development-stage energy infrastructure company. It develops behind-the-meter power and cooling-water campuses for gigawatt-scale AI data centers, with its first campus targeted in the Permian Basin of West Texas.

What the company does

Thorium One Power sells two things together, to one customer, behind one fence line: firm 24/7 electricity under a power purchase agreement, and distillate-quality cooling water under a take-or-pay water service agreement. The two contracts mirror each other, so a data center campus contracts its power and its cooling from a single accountable counterparty rather than assembling them separately.

The campus design pairs a 1.1 GW bridge fleet of natural gas generation with storage, targeting first power in 2028, with a molten-salt nuclear phase-in planned from 2033 that displaces gas on a published schedule. Cooling water — 10.4 million gallons per day at under 50 mg/L total dissolved solids — is produced by desalinating recycled oilfield produced water using the power island's own waste heat, so the campus withdraws zero freshwater.

Thorium One Power at a glance
What it isDevelopment-stage energy infrastructure developer
What it sellsBehind-the-meter firm power (PPA) + cooling water (water service agreement)
CustomerGigawatt-scale AI data center and hyperscale compute campuses
First marketPermian Basin, West Texas (ERCOT); site-flexible thereafter
Target first power2028, on a 1.1 GW bridge gas fleet with storage
Nuclear phaseMolten-salt modules planned 2033–37, vendor-neutral, never a condition of power delivery
Cooling water10.4 MGD desalinated from produced water; zero freshwater withdrawal
StagePre-FID. Indicative schedule: reservation/LOI 2026, FID 2027, first power 2028–30
Contactcontact@thoriumonepower.com

What the name does and does not mean

Thorium One Power is an energy infrastructure developer — not a reactor manufacturer, a nuclear fuel supplier, or a thorium research or advocacy organization. It is unaffiliated with other organizations whose names include “thorium.” What the company sells is contracted electricity and cooling water delivered behind the meter. The molten-salt nuclear phase is a planned long-term upgrade layer to the same campus, developed vendor-neutrally, and the power purchase agreement is never contingent on it arriving on schedule.

This distinction matters commercially, not just semantically. An offtaker contracting with Thorium One Power is buying delivered megawatts and delivered gallons on dated obligations backed by liquidated damages — not exposure to a reactor development programme. The technology risk sits on the developer's side of the term sheet by design; see the risk allocation ledger.

Stage and what exists today

Thorium One Power is pre-FID and development-stage. The indicative schedule places capacity reservation and letters of intent in 2026, final investment decision and execution of the mirrored power and water agreements in 2027, and first power and first water in 2028–30, with the molten-salt nuclear phase-in following from 2033. Capacity for the first campus is being anchored around one or two counterparties.

Leadership, development partners and capital sources are reviewed under NDA as part of the offtaker and investor briefing packages. Campus capacity, water and date figures published on this site are targeted and indicative, subject to diligence and final engineering; the zero-freshwater design is structural rather than a target.

Common questions

What is Thorium One Power?
Thorium One Power is a development-stage energy infrastructure company that develops behind-the-meter power and cooling-water campuses for gigawatt-scale AI data centers, with its first campus targeted in the Permian Basin of West Texas. It sells electricity and cooling water together under mirrored long-term agreements — a power purchase agreement and a water service agreement — as a single accountable counterparty.
Is Thorium One Power a nuclear reactor company?
No. Thorium One Power is an energy infrastructure developer, not a reactor manufacturer, nuclear fuel supplier, or thorium research organization. It develops and contracts power and cooling water for data center campuses. A molten-salt nuclear phase-in is planned as a long-term upgrade layer to the same campus, developed vendor-neutrally, and it is never a condition of power delivery.
What does Thorium One Power sell?
Two contracted products delivered behind the meter to one campus: firm 24/7 electricity under a power purchase agreement, and distillate-quality cooling water under a take-or-pay water service agreement. The campus design targets 1.1 GW of bridge gas generation with storage from 2028 and 10.4 million gallons per day of cooling water desalinated from recycled oilfield produced water, with zero freshwater withdrawal.
What stage is Thorium One Power at?
Development stage and pre-FID. The indicative schedule places capacity reservation and letters of intent in 2026, final investment decision and contract execution in 2027, and first power and first water in 2028-2030. Capacity is being anchored around one or two counterparties.
Where is Thorium One Power located?
The company is focused on the Permian Basin of West Texas within ERCOT for its first campus, and is site-flexible for subsequent development. Inquiries go to contact@thoriumonepower.com.
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Field guides: Interconnection queue delays for data centers · Data center cooling water without freshwater. Figures on this page are targeted and indicative, subject to diligence and final engineering, and are explained in full in the offtaker briefing.