Hadron Energy and Smartland Energy signed a non-binding memorandum of understanding establishing a framework to evaluate up to five deployments of Hadron’s 10 MWe Halo micro-modular reactor technology on Smartland’s behind-the-meter projects. Smartland also made an initial strategic investment in Hadron Energy with potential for further participation in future financing rounds.

Smartland is advancing a development pipeline comprising 12 behind-the-meter projects of approximately 150 MWe each, representing about 1.8 GWe of capacity, with targeted completion by 2035. The platform is designed to deliver modular, on-site firm power to industrial and digital operators facing grid constraints and interconnection delays.

The collaboration anticipates an initial deployment of the Halo MMR in the early 2030s, subject to site-specific technical and commercial diligence, regulatory licensing, permitting, financing, and definitive agreements. Up to five individual deployments across qualified Smartland projects will proceed on a phased, disciplined basis as milestones are met.

GigCapital7’s Form S-4 registration statement became effective on April 15, 2026, and a shareholder meeting is scheduled for May 7, 2026, to seek approval of the business combination with Hadron Energy. Approval would finalize the merger and enable the combined entity’s proposed public listing, supporting Hadron’s commercialization roadmap.