The Duck Curve#new mexico
NANO Nuclear agrees to buy NRC license for unbuilt New Mexico DUF6 plant
NANO Nuclear Energy said on October 1, 2026 that it agreed to buy Radnostix's assets for a never-built depleted uranium hexafluoride deconversion plant in Lea County, New Mexico, including NRC source material license SUB-1011, for $9.5 million in cash and $4.0 million in NANO stock at closing, expected in approximately 90 to 120 days subject to NRC consent to the license transfer and other conditions. The NRC issued the license in 2012; a 2025 application to transfer it to Green Salt Products was withdrawn in March 2026, and NANO says no final investment decision has been made.
XGS names Baker Hughes, NM Tech and Sandia for DOE-selected New Mexico well
XGS Energy said on September 28, 2026 that the Department of Energy selected it for federal funding to support drilling a deep vertical appraisal well in New Mexico with Baker Hughes, New Mexico Tech and Sandia National Laboratories, within the more than $99 million DOE announced for geothermal development. DOE's list for its September 21, 2026 announcement puts the well in Socorro County among 16 exploration drilling selections; neither document gives a per-project amount, and the release says selection for award negotiations is not a commitment by DOE to issue an award or provide funding.
Pacific Fusion breaks ground on a $1 billion fusion campus in Albuquerque
Pacific Fusion broke ground on August 25, 2026 on a $1 billion Research and Manufacturing Campus at Mesa del Sol in Albuquerque, New Mexico, where it will build its Demonstration System: a pulser-driven inertial fusion machine designed to achieve net facility gain by 2030 and fusion bursts exceeding 100 megajoules. The National Nuclear Security Administration and the company signed a memorandum of understanding on fusion collaboration the same day.
