Latest Stories
Radiant to Deliver for the DoD
The DoD is making another bet on Radiant. Yesterday, the Defense Innovation Unit (DIU), the US Air Force, and Radiant announced that the microreactor company had agreed to deliver a working microreactor to a US military base by 2028. It’s the latest in a series of DoD agreements intended to make microreactors part of the […]
General Matter to Build $1.5B Uranium Facility
There are a whole lot of companies vying to deploy advanced nuclear reactors in the US, and they all have one thing in common: a need for fuel. Problem is, the US has very limited capacity for domestic fuel production. Almost all of the nuclear fuel powering the American reactor fleet is imported, and there […]
A Q+A With Tommy Hendrix, Managing Partner at Decisive Point
Critical technology development in the US is riding high, but that doesn’t come without challenges. Selling to the government is no easy feat. Tommy Hendrix founded Decisive Point in 2018 to help solve that problem by making strategic investments into defense, energy, and infrastructure startups building critical tech. The firm helps startups navigate regulatory pathways […]
A Q+A With Simon Irish, CEO of Terrestrial Energy
As the advanced nuclear sector gets closer to commercialization, firms are eyeing the public markets for access to capital and to take advantage of public excitement for a potential new, clean, safe energy source. Terrestrial Energy is the latest nuclear firm to finalize plans to go public. The molten salt reactor company announced in March […]
A Q+A With Mark Thomas, CEO of First Light Fusion
First Light Fusion is going through changes. Until recently, the fusion developer planned to build a fusion plant of its own, but a few weeks ago announced it would take a different tack. Instead of pursuing a commercial fusion machine, First Light will commercialize its amplifier technology to support the burgeoning fusion sector. “If the […]
A Q+A With Kieran Furlong, CEO of Realta Fusion
The world needs more energy—we think we can all agree on that. That new energy ought to be clean, firm, and abundant. The fusion industry is rising to meet that challenge. Realta Fusion is tackling the problem via the magnetic mirror approach, which—like many fusion concepts—was explored back in the ‘70s before falling off the […]
Deep Isolation Raises $33M, Announces Merger
The new generation of US nuclear reactors faces a familiar question: What happens to the nuclear waste? Deep Isolation is a Berkeley, CA-based company developing a borehole-based long-term storage solution for spent nuclear fuel and radioactive material. Last week, it announced a $33M round of funding from private investors. “This merger and private placement financing […]
TerraPower Raises $650M for SMR Development
The Bill Gates-backed SMR company just got a fresh flush of cash. TerraPower announced that it closed a massive $650M funding round on June 18. “As AI continues to transform industries, nuclear energy is going to become a more vital energy source to help power these capabilities,” Mohamed Siddeek, corporate VP and head of NVentures, […]
Standard Nuclear’s $42M Emergence From Stealth
The US has a nuclear fuel problem. It’s just not very good at producing it. There are few to no domestic options for uranium conversion and enrichment, and the development of advanced fuels for new reactors is limited to small batches and upstart operations. Standard Nuclear aims to fix the production deficit. This week, the […]
Proxima Fusion Raises €130M Series A
A major fusion funding round just hit Europe. Proxima Fusion has been working on developing a stellarator, a type of magnetic confinement fusion machine, for the last two years since it spun off from the Max Planck Institute for Plasma Physics (IPP). Now, Proxima has raised a €130M ($151M) Series A round of funding to […]
