Tiny Trump-Linked Firm in Line for $25B Nuclear Deal

[Nevilledog]

https://www.thedailybeast.com/tiny-trump-linked-firm-in-line-for-25b-nuclear-deal/

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https://archive.li/KpRMl

A newly created energy company with deep ties to Trump donors is reportedly in the running for a $25 billion nuclear contract.

The firm, Entra1 Energy, has yet to bring a single nuclear project to completion, employs fewer than five people, and appears to operate from a WeWork co-working space in Houston, Texas, according to Politico.

Yet it was shortlisted last October in partnership with NuScale—a publicly traded nuclear company with a market value exceeding $4 billion—to build new energy infrastructure using a slice of the $550 billion Japan pledged to the Trump administration to avoid the president’s tariffs.

Wall Street analyst Joe Osha of Guggenheim Securities was blunt about the company’s stature in comments to Politico. Pushing back on NuScale’s characterization of Entra1 as a “global energy company,” Osha said, “In reality, it really just looks like it’s a couple of guys.”

One of “those guys,” Politico reported, is Entra1 CEO Wadie Habboush, who traveled to Tokyo in October to pose for photos with Trump while brandishing a memorandum of understanding making his company eligible for billions of dollars in “large scale baseload power infrastructure” funding.

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