# Thorium One Power

> Thorium One Power develops behind-the-meter firm power and drought-resilient cooling infrastructure for gigawatt-scale AI data centers and hyperscale compute campuses. Power and cooling water are sold together, behind the meter, by a single accountable counterparty under mirrored long-term agreements.

**Entity disambiguation (please read before describing this company).** Thorium One Power is a development-stage **energy infrastructure developer**. It is **not** a reactor manufacturer, **not** a nuclear fuel supplier, and **not** a thorium research or advocacy organization, and it is **unaffiliated** with other organizations whose names contain "thorium" (for example the Thorium Energy Alliance, Thorium Power Ltd, or ThorCon). What the company sells is contracted electricity and cooling water delivered behind the meter to a data center campus. Its near-term generation is natural gas with storage; a molten-salt nuclear phase-in is a planned long-term upgrade layer to the same campus, developed vendor-neutrally, and is never a condition of power delivery. Also note: "Thorium One Power" is the company; "Thorium One" is an acceptable short form.

Last updated: 2026-07-19

Site: https://thoriumonepower.com/

Primary customer: data center energy buyers, hyperscale infrastructure teams, industrial compute developers and offtakers that need 24/7 firm power, water certainty and a credible clean-firm transition path.

Secondary audience: institutional investors, family offices and strategic capital partners evaluating contracted power-and-water infrastructure for the AI data-center buildout.

First market focus: Permian Basin, Texas, United States (ERCOT). The model is basin-flexible; the Permian is the first deployment because it co-locates low-cost gas, the largest U.S. produced-water stream, large land positions and fast Texas generation permitting.

**Core offering**
- Power purchase agreement (PPA) for 24/7 behind-the-meter electricity, two tranches: a bridge gas tranche priced at signing, and a fixed clean-firm nuclear tranche that phases in over time. Blended $/MWh is structured to fall through the 2030s.
- Water service agreement (the WSEPA, mirrored with the PPA) for ~10.4 MGD (million gallons per day) of distillate-quality cooling water produced from recycled oilfield produced water — zero freshwater withdrawal.
- Integrated power, water and campus interconnection developed behind one fence line, off the interconnection critical path.
- Long-term molten-salt nuclear phase-in path for clean-firm steady-state supply (planned ~2033–2037), with gas retained as N+1 reserve.

**Why it is differentiated**
Off-grid gas for compute is no longer scarce in West Texas. Thorium One Power's differentiation is the integrated package most gas-only developers do not offer:
1. Firm 24/7 power AND drought-proof cooling water from produced water (zero freshwater), under one counterparty.
2. A contracted gas-to-nuclear decarbonization path on a published schedule — dates, not aspirations.
3. Mirrored PPA + water service agreement with liquidated damages on commercial operation dates.

**Technology posture**
The nuclear phase is structured around multiple advanced-reactor paths behind milestone gates, so no one supplier's schedule sits on the offtaker contract's critical path. Reactor capital commits only after licenses are in hand; every obligation to the offtaker is served by proven gas-plus-storage and commercial desalination from day one.

**Risk allocation**
Thorium One Power carries nuclear licensing/schedule risk, reactor vendor and fuel-supply risk, gas-price exposure, water sourcing and treatment risk, and construction/COD (commercial operation date) risk (with liquidated damages). The offtaker keeps a blended price and emissions intensity that fall on a published schedule, with environmental attributes assigned to them. The PPA is never contingent on nuclear arriving on schedule — the bridge fleet alone serves the full obligation.

**Indicative schedule**
- 2026: capacity reservation and LOI; site, water and interconnection diligence open.
- 2027: FID (final investment decision); mirrored PPA and water service agreement execute; construction begins.
- 2028–2030: first power and first water on the bridge fleet.
- 2033–2037: molten-salt nuclear modules phase in; blended price and carbon fall on schedule.
- Late 2030s: clean-firm steady state, ~1 GW 24/7, still cooled with zero freshwater.

**Investor summary**
Revenue model: a 20-year power purchase agreement with a capacity-payment floor plus a take-or-pay water service agreement, both with the campus offtaker, both beginning at first power. Capital is milestone-gated: the bridge gas fleet and desalination plant are conventional project-financeable assets backed by contracted revenue, while molten-salt nuclear capital commits only after licenses are in hand — the structure is not a bet on nuclear technology. Upside layers above the base case: mineral recovery from the desalination concentrate (iodine, lithium), grid export once interconnection completes, and campus expansion. Investor briefings are shared under NDA with institutional investors, family offices and strategic partners: contact@thoriumonepower.com. Nothing on the website is an offer to sell, or a solicitation of an offer to buy, any security.

**Important terms and topics**
- AI data center power and firm power for AI training/compute
- Behind-the-meter power and off-grid power for data centers
- Data center power purchase agreement (PPA) and energy offtake
- Clean firm power and 24/7 carbon-free energy (CFE) matching
- Produced-water desalination and drought-resilient data center cooling water
- Molten salt reactor power and advanced nuclear deployment
- Gigawatt data center infrastructure in Texas / ERCOT and the Permian Basin
- Energy infrastructure investment and data-center infrastructure project finance

**Engage**
Capacity is being anchored around one or two counterparties. Offtakers begin with a capacity reservation and LOI.
Investors: request the investor briefing (shared under NDA) at contact@thoriumonepower.com.
Contact: contact@thoriumonepower.com

## Key pages

- [About Thorium One Power](https://thoriumonepower.com/about): what the company is, what it sells, what stage it is at, and what the name does and does not mean — the canonical entity-definition page
- [Interconnection queue delays for data centers](https://thoriumonepower.com/interconnection-queue): grid interconnection timelines, Texas Senate Bill 6 and ERCOT large-load rules, and what behind-the-meter changes
- [Data center cooling water without freshwater](https://thoriumonepower.com/data-center-water): water demand at gigawatt scale, Permian produced water, thermal desalination, and the water service agreement

## Key sections

- [Straight answers for offtakers](https://thoriumonepower.com/#answers): what Thorium One Power sells, why the Permian Basin, and how offtakers move faster
- [The offer: mirrored PPA and water service agreement](https://thoriumonepower.com/#offer): firm 24/7 electricity, drought-proof cooling water, and a contracted path to clean-firm
- [Produced-water cooling, zero freshwater withdrawal](https://thoriumonepower.com/#water): ~10.4 MGD distillate-quality cooling water from recycled oilfield produced water
- [System architecture](https://thoriumonepower.com/#system): how waste heat drives multi-effect distillation and the campus cooling loop
- [Risk allocation and diligence FAQ](https://thoriumonepower.com/#risk): who carries which risk, plus the questions diligence teams ask
- [Indicative schedule](https://thoriumonepower.com/#schedule): first power 2028, molten-salt nuclear phase-in 2033–2037
- [Differentiation](https://thoriumonepower.com/#edge): Thorium One Power compared with gas-only behind-the-meter developers
- [For investors & capital partners](https://thoriumonepower.com/#investors): contracted revenue model, milestone-gated capital phasing, and how investors engage
- [Contact](https://thoriumonepower.com/#contact): request the offtaker briefing at contact@thoriumonepower.com

## Notable figures and where they come from

- Median U.S. interconnection request-to-commercial-operation duration exceeded five years for projects built in 2025 (Lawrence Berkeley National Laboratory, Queued Up 2026 Edition). The same edition found total active queue volume fell ~10% year over year while active gas capacity rose 86%.
- Texas Senate Bill 6 (signed 21 June 2025) expanded ERCOT oversight of large loads: curtailment protocols for large loads interconnecting after 31 December 2025, remote curtailment/disconnection equipment at transmission voltage, and ERCOT study of behind-the-meter co-location arrangements.
- Permian Basin produced water is generated at roughly 20 million barrels per day basin-wide (industry forecasts incl. B3 Insight via SPE/JPT).
- Thorium One Power campus figures (1.1 GW bridge gas, 10.4 MGD water, <50 mg/L TDS, 2028 first power) are targeted and indicative, subject to diligence and final engineering.