Jersey City-based Denham Capital’s infrastructure business has forged a strategic partnership agreement with First American Nuclear (FANCO), a nuclear power company and developer of fast-spectrum small modular reactors.
These reactors are designed to deliver the most cost-effective utility-scale power in the world and to provide an integrated power solution for AI and hyperscale data centers.
Denham Capital’s portfolio companies will deploy on-site power and flexible energy solutions ahead of FANCO’s nuclear power projects reaching operations. This combined approach allows hyperscalers to secure a long-term nuclear energy roadmap while benefiting from the rapid deployment of power required to meet critical infrastructure demands and mitigate potential development delays.
“Denham Capital is committed to solving the energy bottleneck that threatens to slow AI growth,” Justin DeAngelis, partner at Denham Capital and global head of Denham’s infrastructure business said. “By pairing Gray Oak’s technical execution with our capital and decades of large-scale power development experience, we are enabling tech companies to secure the reliable power they need to scale. Every power solution is different, and we are helping to create power solutions for data center operators that meet their needs today and into the future as power grids evolve.”
Denham Capital’s infrastructure portfolio includes Gray Oak Power, a Houston-based platform launched in January 2026 to develop, build, own, and operate on-site, firm power and flexible energy solutions for the data center market.
Gray Oak Power enables hyperscalers and data centers to bypass utility interconnection delays and energize years ahead of traditional timelines.
US data center demand is expected to exceed 100 GW by 2028, and the need for immediate, reliable power has never been greater, according to a release.
