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Business Upturn
an hour ago
- Business Upturn
CORRECTION – WLTH Opens Private Markets to Everyone with Launch of Tokenised Fractional Ownership in Hadron Energy
Retail investors gain first-of-its-kind on ‑ chain access to early ‑ stage private equity in nuclear micro ‑ reactors PANAMA CITY, Panama and REDWOOD SHORES, Calif., July 20, 2025 (GLOBE NEWSWIRE) — In a release issued under the same headline on July 19, 2025 by Common Wealth, please note that the boilerplate for Hadron Energy was incorrect. The corrected release follows: WLTH, the alternative investments platform operated by Common Wealth ( today announced that it will next week launch its inaugural tokenised private ‑ equity opportunity :: Hadron Energy , a California‑based micro‑modular reactor innovator. The launch is believed to be the first time a blockchain‑native platform offers retail investors worldwide the ability to purchase fractionalised equity tokens in a private company in this manner. Existing initiatives from established asset managers (e.g., Hamilton Lane/Republic) have remain extremely gated, positioning WLTH at the forefront of democratised access to private markets. Market Opportunity & Potential Upside Sector growth: Global micro‑ and small‑modular reactor (SMR) market projected to grow from US$0.65 billion in 2025 to US$8.9 billion by 2037 (19% CAGR) . ( ) Global micro‑ and small‑modular reactor (SMR) market projected to grow from . ( ) Public comparables: Listed peers Oklo and NuScale Power command market caps of approximately US$9.5 billion and US$4.7 billion respectively despite being pre‑commercial. ( , ) Listed peers and command market caps of approximately and respectively despite being pre‑commercial. ( , ) Illustrative exit scenario: If Hadron successfully licenses its first-of-a-kind reactor and secures large power‑purchase agreements, peer benchmarks suggest a potential multi‑billion‑dollar valuation. A retail 'Slice' bought for US$20 today could theoretically be worth US$600–9,000+ under ideal conditions — though returns are not guaranteed and capital is at risk. Investment Highlights Regulatory traction: Hadron Energy was added to the U.S. Nuclear Regulatory Commission's advanced‑reactor pre‑application list in May 2025, less than a year after inception. Hadron Energy was added to the U.S. Nuclear Regulatory Commission's advanced‑reactor pre‑application list in May 2025, less than a year after inception. NRC public meeting: On 8 July 2025 , Hadron hosted a hybrid public meeting at NRC Headquarters to outline its accelerated micro‑reactor licensing pathway; presentation materials are available via the NRC's ADAMS public filing system. On , Hadron hosted a hybrid public meeting at NRC Headquarters to outline its accelerated micro‑reactor licensing pathway; presentation materials are available via the NRC's ADAMS public filing system. DOE recognition: Hadron is featured in the Department of Energy's GAIN Advanced Nuclear Directory (June 2025 edition). Hadron is featured in the Department of Energy's GAIN Advanced Nuclear Directory (June 2025 edition). Commercial momentum: $1.8m raised in this round, a further $2.4m committed as of 16 July 2025 , and the company is negotiating with a leading hyperscale cloud provider to deliver hundreds of megawatts of baseload power to data‑centre campuses. $1.8m raised in this round, a further $2.4m committed as of , and the company is negotiating with a leading hyperscale cloud provider to deliver hundreds of megawatts of baseload power to data‑centre campuses. Engineering expansion: Hadron opened an 18,000 sq ft flagship engineering office in Redwood Shores, California, neighbouring Oracle's campus. Quotes 'Today we put a stake in the ground for financial inclusion,' said Jonathan Woolley, Co‑Founder of Common Wealth. 'By lowering the minimum ticket to just $20 , WLTH is giving everyday people the chance to back breakthrough climate ‑ tech that was previously reserved for elite venture and private ‑ equity circles.' Samuel Gibson, Founder & CEO of Hadron Energy, added: 'Within 11 months our design reached the NRC's official registry — a timeline unheard ‑ of in our sector. Partnering with WLTH lets us convert this regulatory momentum into broad ‑ based support, accelerating our mission to deliver carbon ‑ free baseload power.' How the Token Works Structure: Each 'Slice' (immutable on-chain ownership) represents an exact pro‑rata share in all and any liquidity arising from holding the Hadron equity. Each 'Slice' (immutable on-chain ownership) represents an exact pro‑rata share in all and any liquidity arising from holding the Hadron equity. Standard: ERC‑ 721 token. ERC‑ 721 token. Secondary liquidity: Tradable on WLTH's peer‑to‑peer Slice Marketplace (or other NFT platforms such as Opensea). Tradable on WLTH's peer‑to‑peer Slice Marketplace (or other NFT platforms such as Opensea). Minimum investment: USD 20. USD 20. Distributions: Any dividends or exits are paid automatically in USDC (USD equivalent cryptocurrency stable coin) to token holders' wallets. Offering Timeline (2025) Date Milestone 22 July Priority access opens for WLTH Genesis NFT holders and Top 50 stakers 23 July Public sale opens 24 July Allocation finalised, secondary trading enabled Innovation In another first for the industry, the WLTH platform will also allow users to gift this investment—or a portion of their own—to friends and family using only an email address, making a stake in a private company as easy to give as an e-gift card. About WLTH WLTH is an alternative investment platform for the 99%. Using the best of web 2 and 3 to open access to highly gated opportunities across RWA, private equity, venture capital, and crypto income creating strategies. The protocol has undergone multiple smart‑contract audits (Hacken, 2023–24) and has distributed over $1.5 million in community rewards to date. Learn more at . Read about the deal and opportunity here: About Hadron Energy Hadron Energy is a California-based company developing the Hadron Carbon Cell (HCC), a transportable micro-modular reactor. The factory-built system is a light-water reactor using low-enriched uranium to produce 2-10 MW of continuous, carbon-free power. The company is currently engaged in the licensing process with the U.S. Nuclear Regulatory Commission (NRC) to bring clean, resilient energy to industrial and government customers. Media Contacts: [email protected] Follow on X to stay up to date: @joincommonwlth Disclaimer: This content is provided by Common Wealth. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash


E&E News
an hour ago
- E&E News
Rulemakers play catch-up as data centers multiply
As tech companies flood the electric grid with new data centers, some states and utilities are crafting new rules to keep the artificial intelligence boom from outstripping power supply. In Texas, regulators are working on new requirements for data centers to better share costs and ramp down their power use if ordered by the state. Ohio regulators will force data centers in some areas to pay for their connection costs. And one of the nation's largest grid operators is offering faster connection studies for data centers in exchange for demand response programs. The flurry of moves reflect attempts to respond quickly to an unprecedented load growth without stifling an industry that has attracted billions of dollars in investment. Just this week, President Donald Trump announced more than $90 billion in data center investments at a summit in Pennsylvania and reiterated his pledge that the U.S. would lead the world in AI development. Advertisement Dan Diorio, vice president of state policy for the Data Center Coalition, said the industry is working with regulators and lawmakers, stressing AI's benefits and the role that large loads can play on the grid. 'We continue to emphasize that this is an industry that drives innovation, and this is an industry that is innovating every day because it has to,' Diorio said. 'And so what you don't want to do is ultimately create something that ends up imposing a one size fits all solution, or an inflexible solution. You don't want to create something where you try to push a square peg into a round hole.' A July report from the Clean Energy States Alliance noted that 'dramatic load growth' led by data centers, electrification and new manufacturing has put states on the back foot for electricity planning. Electricity demand nationally is forecast to rise 25 percent between 2023 and 2030, according to consulting firm ICF, and some states may see even more impact. State lawmakers have offered a range of bills this year to boost generation, add fees to data centers or otherwise protect the grid. But as the CESA report chronicles, the approaches have been varied and results remain mixed. 'More work is needed to advance these ideas and to formulate best practices,' the report found. Diorio said the data center industry's message to regulators this year was that they are 'one end user on a system experiencing a significant amount of load growth from a variety of different sources.' 'I think we were able to sort of shed some light on what some of the concerns are and what the best approaches are,' Diorio said. 'We'll continue those conversations through the remainder of the year and into 2026 and beyond.' Texas' 'kill switch' One of the most closely watched efforts is in the Lone Star State, where a milestone law will put up new barriers for data centers operating on the state's main electric grid. S.B. 6, which passed with bipartisan support, was written in response to forecasts that the Electric Reliability Council of Texas (ERCOT) grid could see peak demand as much as double between 2024 and 2031. The law could shake up how tech companies build in one of the nation's hottest markets for data centers and could offer a model to other regulators. The new rules will require developers to pay an up-front study fee to interconnect to the system and provide more transparency about whether the project will materialize. Grid operators and utilities have long complained about 'interconnection shopping,' where developers will apply in multiple places for projects that may not materialize. The law also sets new rules for data centers that bring their own power generation. Notably, it contains a so-called kill switch provision, a demand response program that will allow ERCOT operators to order large load customers to curtail their load or switch to backup generation during a grid emergency. That language was heatedly debated among lawmakers, but the bill's passage reflects a growing interest in making sure data centers don't hog power at the expense of households. 'The industry ultimately understands the reasoning behind that provision, though we have deep concerns about the potential for it being used without due consideration,' said Diorio. 'Data centers are 24/7, always-on facilities that are the backbone of our daily lives and the 21st-century economy, so it's important that any decision to temporarily restrict power to data centers is not taken lightly.' Implementation of the state bill — which now must go through state regulators and the ERCOT board — will be closely watched to see how it affects data center development. Maria Faconti, a partner with K&L Gates who works with energy market clients, said that developers are 'still very eager' to locate in Texas. The state has long been attractive for its relatively low electricity prices and its hands-off regulatory environment. 'Even when SB 6 was being considered, there was no stall in their interest,' Faconti said. 'The sentiment is still that Texas is pro-business and pro-data center. The biggest concern is whether this will impact their timelines.' New tariffs The ability of Texas lawmakers to change rules for data centers is somewhat unique, since ERCOT operates only within the state and is subject to oversight by the legislature. But there is growing interest among utilities in bringing demand response to the data center industry. An influential study from Duke University found that there is sufficient 'headroom' on the grid to bring online new data centers without new generation — if data centers curtail their electricity use during the handful of hours each year when the grid is most stressed. One example comes from Southwest Power Pool, the grid operator covering parts of 14 states in the center of the country. SPP's board is set to vote next month on a new policy that would shrink the interconnection study timeline for new data centers and large loads to just 90 days, as long as the entities agree to reduce demand when the grid needs it. The proposal also grants quicker studies for loads bringing their own generation. Casey Cathey, SPP's vice president of engineering, said the proposal reflected the speed to construction that tech companies wanted, while also tackling the main reasons the grid might fail. What's also notable, Cathey said, is the speed the proposal had to come together. The rules were released earlier this month in response to a May directive from SPP's board of directors. 'We came at this to be innovative, but still in the art of the possible,' Cathey said in an interview. 'We don't have time for a three-year study or even an 18-month study. There is an urgent need now.' In Ohio, regulators granted utility AEP Ohio's request to create a new class of tariff specifically for large loads like data centers that will force them to handle much of the costs they would add to the system. Under the tariff, data centers will pay a minimum monthly fee — set to 85 percent of the electricity requested or of the highest monthly bill in the past year — regardless of how much power is actually used. The tariff also adds financial requirements and an exit fee if a project is canceled. The new rules will only apply in AEP Ohio territory, covering approximately 1.5 million customers, but the move could offer a model as utilities find ways to handle load growth. Indiana has crafted a similar tariff and lawmakers in Oregon and Maryland passed bills this year directing their states to create new service categories for large loads. Other tariff-related bills are still pending in the open legislative sessions in New Jersey and California. Lawmakers in Virginia and Georgia, however, failed to move any legislation to regulate data centers this session, despite bipartisan concerns about electricity prices and reliability. In Georgia, consumer groups and environmental advocates had hoped the state Legislature would advance a bill from state Sen. Chuck Hufstetler (R) that would require data center owners to pay any new costs related to their facilities. The bill, however, never reached the floor. Other bills that would require more transparency also stalled, although they could be revived next year under the rules of Georgia's legislature. Bob Sherrier, an Atlanta-based attorney for the Southern Environmental Law Center, said that with tech ambitions only growing, there is urgency to enact some rules. 'Things are happening fast,' Sherrier said. 'These are big projects with real impacts on Georgians, and we need safeguards to protect them. The sooner we get them in place, the better.'

Wall Street Journal
an hour ago
- Wall Street Journal
Plaintiffs' Lawyers Are Ready to Pounce if Private Equity Pushes Into 401(k) Plans
Putting private equity into Americans' 401(k) accounts could set off a wave of lawsuits from class-action attorneys who specialize in suing companies over excessive retirement-plan fees, lawyers say. Private-equity firms, which typically manage money for big institutions and the rich, are now knocking at the door of the U.S.'s roughly $12.2 trillion defined-contribution retirement industry. Large 401(k) managers and administrators—Vanguard, BlackRock, Voya Financial and Empower—say they plan to introduce private assets into target-date retirement funds.