Latest Stories
Radiant Raises $100M Series C
Radiant, the microreactor company building a deployable fission reactor designed to fit on a truck and meet the energy needs of remote and specialized operations, announced on Thursday it raised a $100M funding round. DCVC led the Series C, which also included participation from Andreessen Horowitz, Union Square Ventures, Founders Fund, Decisive Point, McKinley Alaska […]
OpenStar Achieves First Plasma
There’s a new fusion company building a machine in the land down under, and it’s just notched a milestone on its way to generating fusion power. OpenStar, a New Zealand startup developing a levitated dipole fusion machine, announced Tuesday that it had achieved first plasma in a test that sustained temperatures of 300,000°C for 20 […]
A Q+A with Liz Muller, CEO of Deep Fission
Serial entrepreneur Liz Muller has a new vision for the nuclear energy sector: putting SMRs deep underground. The idea might sound crazy, but Muller has spent enough time thinking about the benefits of boreholes—narrowly drilled holes in rock that can be used to place items, including machinery, one mile or more below the Earth’s surface—that […]
A Q+A with Matt Loszak, CEO of Aalo Atomics
To build a great microreactor, you need a great team. Matt Loszak, CEO of Aalo Atomics, began a new nuclear microreactor company a year ago with visions of cleaning up the Earth while enabling the growth and commercial success of energy tech. Over the last year, the company has grown from two to 15 people […]
A Q+A with NEI’s Matthew Crozat
In an interview with Ignition, Crozat shed light on how the Inflation Reduction Act signaled the value of carbon-free power from nuclear plants and prompted companies to reassess how they fit their long-term strategies.
A Q+A with Brian Riordan, COO of Avalanche Energy
Ignition caught up with Riordan to talk about the company’s approach to the monumental challenge of building commercial fusion.
Deep Fission Emerges with $4M Seed
The next hotspot for nuclear reactor construction is underground. At least, that’s the future reactor startup Deep Fission wants to make happen. The company emerged from stealth last week with $4M in seed funding and a vision to use borehole drilling to plant SMRs a mile beneath the surface of the Earth. This approach would […]
Blykalla Raises an $8M Series A Extension
In its mission to deploy Sweden’s first SMR—and start the nation’s first new reactor construction in more than 40 years—Blykalla has raised the second half of its Series A round. The 80M SEK ($7.7M) in new funding doubles the total size of the Series A to 160m SEK ($15.5M). The investors in the round extension […]
Fuse Energy Technologies Raises $32M
There’s been another wave of funding into the commercial fusion sector, with Fuse Energy Technologies Corp. raising a fresh $32 million. The startup is pursuing an unconventional path to fusion energy by first building pulsed-power inertial fusion machines and using them to help customers test radiation effects. Buckley Ventures, Tamarack Global, Bracket Capital, Mantis VC, […]
N-ergy Raises $1.5M to Speed Up Advanced Materials Testing
N-ergy recently raised a $1.5M pre-seed round to build out a data-powered autonomous advanced materials factory that can dramatically speed up the design, manufacture, and qualification of new materials—from five years to three months, start to finish.
