⚡️Energy Brief⚡️ The UK Atomic Energy Authority launched a comprehensive strategy for nuclear fusion development and deployment. The strategy includes completing the detailed design phase of the UK's STEP fusion prototype power plant, a government-supported initiative to demonstrate fusion technology for commercial application. The strategy emphasizes expanding the UK fusion supply chain and increasing participation from UK fusion companies. This approach aims to build domestic industrial capacity and economic value creation around fusion energy commercialization. The comprehensive fusion strategy reflects governmental commitment to positioning the UK as a center for fusion innovation and manufacturing. By advancing both demonstration projects and supply chain development, the UKAEA's approach addresses both technical validation and economic development objectives in the emerging fusion energy sector. @UKAEAuthority Source: World Nuclear News

JUST IN: SAM ALTMAN'S BUSINESS DEALINGS ARE UNDER FEDERAL SCRUTINY AHEAD OF OPENAI'S IPO The House Oversight Committee launched a probe. Six GOP state AGs are asking the SEC to review. The specific deals in the spotlight: - Helion: Altman is a personal investor in the nuclear fusion firm. OpenAI was reportedly asked to back Helion, per WSJ. Altman recused himself from recent discussions. - Stoke Space: Altman invested through his family office. Last summer he reportedly asked the rocket-maker about partnering with OpenAI to build data centers in space. The scrutiny: - House Oversight Committee Chairman James Comer sent a letter Friday requesting a briefing on potential conflicts of interest. - Six state AGs (Florida, Montana, Nebraska, Iowa, West Virginia, Louisiana) wrote to SEC Chairman Paul Atkins, asking for review ahead of the IPO. - The AGs flagged that Altman "has no direct equity in OpenAI," so "his personal financial interests have only limited alignment with OpenAI's financial performance." The IPO backdrop: - OpenAI is valued at roughly $850 billion in the private market. - The IPO is expected to be one of the largest ever. - The company is expected to quickly enter major indexes and ETFs post-listing. OpenAI board chairman Bret Taylor testified Monday that Altman had been "forthright" and "proactive and transparent" about his outside involvements.