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Trump administration cancels plans to develop new offshore wind projects
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Yahoo
22 minutes ago
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Fermi America and Hyundai sign MoU for nuclear-powered grid project
Fermi America, in collaboration with the Texas Tech University System, has signed a memorandum of understanding (MoU) with Hyundai Engineering & Construction (E&C) to build the nuclear component of the world's largest private power grid for next-generation AI. The two entities signed the MoU in Seoul, South Korea, outlining their terms to jointly design and execute the delivery of safe and clean nuclear power within the private grid project. The project will integrate with combined-cycle natural gas, solar power and battery storage alongside data centre infrastructure capable of delivering up to 11GW of power. The partners will jointly plan for a nuclear-based hybrid energy venture, which includes developing a comprehensive business package for each project phase, conducting feasibility studies and creating basic engineering designs (FEED) as well as executing engineering, procurement and construction projects. Fermi America co-founder Toby Neugebauer stated: "We couldn't be more pleased to partner with the team at Hyundai E&C to power the future of AI. America doesn't have time to practice – we need to work with proven partners like Hyundai, who have a successful track record of planning and building safe, clean, new nuclear energy. Welcome to Texas!" In June 2025, Fermi America submitted its combined operating licence application in the US for building AP1000 nuclear units, which has been accepted for review. With Hyundai E&C's involvement confirmed, construction on the complex will commence in 2026 with the first reactor operational by 2032. Hyundai E&C CEO Hanwoo Lee stated: "We have been impressed by the executive team Fermi America has assembled, bringing together seasoned leaders in their respective fields. "We are especially pleased to see familiar faces in nuclear leadership from one of the most successful recent new build projects, and we look forward to working together to bring this ambitious vision to life." The Emirates Nuclear Energy Company recently partnered Hyundai E&C to explore international opportunities in the nuclear energy sector. The two organisations formalised their collaboration by signing an MoU. "Fermi America and Hyundai sign MoU for nuclear-powered grid project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
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22 minutes ago
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Pokeworks Enters Second Half of 2025 with Strong Franchise Growth and Innovation Focus
Four new openings, multi-unit deals, and upgraded tech fuel momentum for the leading premium poke brand IRVINE, Calif., July 31, 2025 /PRNewswire/ -- Pokeworks, the fastest-growing fast-casual poke brand globally, is entering the second half of 2025 with strong performance and steady franchise expansion. So far this year, the brand has opened six new locations, signed new multi-unit development deals, and has 10 more stores slated to open by year's end across California, Massachusetts, Texas, North Carolina, and Tennessee. Pokeworks has further expanded its footprint in Texas with a newly signed agreement that fully sells out the Houston market, solidifying its growing presence in the region. "This momentum reflects the strength of our model and the passion of our franchise partners," said Peter Yang, Co-Founder and Chief Development Officer. "We're growing strategically in key markets across the country, and we're proud to support our franchisees with the tools and innovation they need to thrive." Innovation + Franchisee Support Driving Growth Pokeworks recently partnered with Qu, a leading provider of cloud-based unified commerce solutions, to upgrade its POS system, enhancing both operational efficiency and the franchisee experience. Among those driving Pokeworks' expansion is New York-based multi-unit franchisee Alvin Zhang, who expressed his enthusiasm for the brand's flexible model and hands-on guidance: "Pokeworks is the sweet spot for multi-unit franchisees. The brand offers strong brand support but still gives you the freedom to tailor each location to your community. They understand how important it is to find the right fit and work with you to make it happen." On the consumer side, the brand is focused on: Growing its loyalty program and membership Expanding add-on innovation to boost order value Completing a full brand refresh in-store and online Launching strategic content partnerships to drive awareness Franchise Development Focus In the second half of 2025, Pokeworks is focused on growing its presence in existing markets by supporting current franchisees, while also awarding new territories to qualified entrepreneurs to drive expansion into key markets nationwide. The Poke category itself is on an upward trajectory, with the global food market valued at approximately $9.3 billion in 2024 and projected to nearly double to $16.7 billion by 2030, growing at a compound annual growth rate of nearly 10%. With record same-store sales, continued guest engagement, and growing demand for healthy fast-casual options, Pokeworks is well-positioned for continued franchise growth through 2025 and beyond. The brand is actively seeking ambitious single and multi-unit operators to join its growing franchise system and bring its fresh, flavorful concept to communities across the U.S. For more information about its franchise opportunities, visit About Pokeworks Pokeworks was founded in 2015 with the simple mission of spreading its love of poke –the crisp, fresh, healthy Hawaiian favorite – with the world. Pokeworks' innovative Poke Your Way® approach is groundbreaking, offering guests over 50,000 ways to customize their poke order to match their eating preferences including vegan, gluten-free, and other mindful diets. The Poke Burrito has developed a cult-like following, much like Pokeworks' proprietary sauces, which range from sweet and spicy to savory. Pokeworks believes in supporting a healthy lifestyle and serving guests meals made from the freshest, highest quality ingredients from sustainable food sources. In 2022, the brand was honored to be named the "Top Poke Franchise" by Startups Magazine. Pokeworks has quickly expanded to become the leading fast-casual poke brand in the world with six consecutive years on Fast Casual's "Top 100 Movers and Shakers" list. The brand has 72 locations across 20 states, Taiwan, and Canada. For more information, visit or follow Pokeworks on LinkedIn, Instagram, and TikTok. * Disclaimer:This information is not intended as an offer to sell a franchise. Any financial performance data referenced is for illustrative purposes only. An offer can only be made through a Franchise Disclosure Document (FDD). Actual results may vary. Please refer to our Item 19 for full details. The financial performance data referenced in this release, including same-store sales growth and individual franchisee performance, are provided for informational purposes only and do not represent a guarantee of future results. Actual results will vary and are dependent on numerous factors including, but not limited to, location, operational experience, local market conditions, and the level of effort by individual franchisees. Pokeworks does not make any representations or guarantees regarding individual earnings or profitability. Prospective franchisees should review the Franchise Disclosure Document (FDD) and consult with their financial and legal advisors before making any investment decision. Contact: Elise Fricilone | Franchise Elevator PR | efricilone@ View original content to download multimedia: SOURCE Pokeworks
