What could nuclear power do if it was free from the restraints of the grid? Valar Atomics looks to answer that question by using nuclear reactors to create hydrocarbons that can replace traditional oil and gas-based fuels. This week, the company raised a $19M seed round, reached a tech milestone, and announced a major partnership […]
When you ask an advanced nuclear company about its biggest struggle in getting a reactor to market, the answer is almost always the regulatory process. (Believe us—we’ve asked.) Everstar was created to make the regulatory and compliance process a little easier for companies. This week, the startup announced that it has raised a $4M pre-seed […]
No man is an island, and the same goes for commercial fusion developers. Turns out there’s no need to go it alone. This week, Type One Energy, an Oak Ridge, TN-based stellarator developer, announced that it secured an exclusive license from leading tokamak fusion company Commonwealth Fusion Systems (CFS). Type One will use the latter’s […]
X-energy has officially closed its Series C-1 funding round, which was announced publicly in October when Amazon’s Climate Pledge Fund and partners committed ~$500M. The grand total for the round is a whopping $700M, which is expected to go toward reactor development and licensing, building the TRISO-X fuel facility, and pursuing commercialization opportunities for the […]
The US and its new DOGE office aren’t the only ones slashing government programs in the name of efficiency and productivity. The UK has taken up the gauntlet, too. UK Prime Minister Keir Starmer has taken aim at the rules and regs governing the nuclear industry at home—namely, those restricting nuclear energy development to a […]
We’ve got what you’ve all been waiting for, folks: the first fusion megaround of 2025. Helion announced this week that it has raised a $425M Series F round. The Washington-based fusion company, famously backed by OpenAI’s Sam Altman, is working to develop commercial fusion on a much shorter timeline than its competitors. Lightspeed Venture Partners […]
The UK’s nuclear deterrent looks different from other world powers. It’s a singular approach—rather than building the capability to deploy nuclear weapons by air or land, the UK transports its deterrent via submarine. Rolls-Royce is the only company that supplies the nuclear power systems for the UK’s submarine fleet, and on Friday, that program got […]
President Donald Trump is back in office, and true to style, he kicked off his second presidency with an audacious (and large) batch of executive orders. We don’t have to tell you that. If the president’s day-one changes set the tone for the next four years, we might expect streamlined government licensing processes and shorter […]
The past year has been a big one for the fusion sector. It was a huge year for fundraising, with more than $2B in investor dollars flowing into the sector, and for regulatory development, with US regulators making rules to ensure that fusion tech is ultimately treated differently than reactors on the other side of […]
The results are in: The spot price of uranium at the end of 2024 rang in at $72.63 per pound. If you’ve been tracking the uranium market’s highs and lows over the last year or so, that seems like a significant drop. At the beginning of 2024, short-term prices were coming in at more than […]
