VALAR WATCH
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374 facts · 512 sources · updated 2026-09-30

Fact plan-013

newrecordconfirmed Customers: no power contract on record; Valar plans 'behind the meter' sales, and a Manila utility set talks
2026-07-01 · plan-013 · Valar Atomics, Meralco, NVIDIA, Utah Public Service Commission

No power purchase agreement, utility contract or named customer for Valar was found as of 29 September 2026. What the record shows instead: in June 2026 Valar's public-affairs representative told Orangeville the reactor's energy has no set destination or purchaser (loc-016); in July Valar told the state economic board its fastest path is selling to 'behind-the-meter customers willing to pay a premium', skipping grid interconnection (gov-033); in August it told a local business chamber it might build reactors for heavy industrial users, naming a local manufacturer 'strictly as an example' (ETV, 24 August); NVIDIA's role is an announced study (plan-010); and on 17 September, just before the Carbon lease vote, Valar's Harry Hansen told the Trust Lands board that Valar was at the point where site control 'becomes the next conversation when it comes to off-takers', after which it could talk about bringing in buyers for the power (auto-generated meeting transcript). Abroad, Bilyonaryo reported on 2 July 2026 that Meralco, the Philippines' largest electricity distributor, would hold talks with Valar 'in the coming days', according to its chief operating officer, who added that Meralco is open to other small-reactor technologies and that any investment must rest on proven designs. No agreement from those talks was found. No U.S. utility (Rocky Mountain Power/PacifiCorp or others) was found naming Valar in a search of the web; the Utah Public Service Commission's docket site answered with a bot check and could not be searched. Selling Ward 250's power is outside DOE's research-only basis for authorizing it (safe-030).

In plain termsNobody has signed up to buy power from Valar yet, at least not on any public record. The company's stated plan is to sell electricity directly to big users (factories, data centers) on their own sites, rather than through the power company. A large utility in the Philippines said it would talk with Valar. Talks are not a contract.
verified 2026-09-29: Verify pass 2026-09-29: Bilyonaryo re-read: talks 'in the coming days' per Meralco's EVP and COO Ronnie Aperocho; 'largest electricity distributor' is the article's wording. Orangeville minutes, ETV and the TLA auto-transcript quotes hold. psc.utah.gov answered with a Cloudflare bot check (not read). The web search for a U.S. utility naming Valar was not re-run in this pass. Manila Bulletin (403) and BusinessMirror (robots) are not used. Correction 2026-09-29 (wording review): re-reading process note moved to the internal log.

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