There’s another nuclear SPAC hitting the markets. This week, Deep Fission—a startup designing SMRs that would live and operate deep underground—announced that it has completed a reverse merger with Surfside Acquisition Inc., netting $30M in a transaction where shares were priced at $3 apiece—below the $10 level that is most common for a SPAC. The […]
There’s a large cohort of advanced nuclear companies rushing toward a deadline—less than a year away—to turn on a reactor for the first time. On every metric, Radiant wants to be first. Radiant’s Chief Nuclear Officer Rita Baranwal has been into nuclear fission for her whole career, from lab work, to industry, to the DOE […]
Fuel availability has been the question at the top of the industry’s mind this year, and Oklo ($OKLO) has a new angle on solving the issue. Last week, the advanced nuclear company announced plans to invest up to $1.68B into developing a facility where spent nuclear fuel can be recycled into usable fuel for fast […]
The next biggest round in fusion has officially landed. Commonwealth Fusion Systems has raised a Series B extension round of $863M intended to carry the company through completion of the highly anticipated SPARC tokamak. While the extension falls short of the initial $1.8B Series B from 2021, CFS leadership calls it an up round, raising […]
General Fusion has raised a $22M round of funding to keep its doors open after a stretch of financial difficulty. General Fusion has been pursuing fusion power development in Canada since 2002, making it one of the oldest continually operating commercial fusion companies out there. But lately, it’s been having trouble hacking it. The company […]
Data and nuclear power go hand in hand, and Aalo Atomics underlines that fact with the plan for its first microreactor—and a major raise to support it. Aalo Atomics, a company developing an advanced microreactor geared toward data centers, announced this week that it has raised a $100M Series B. That raise, led by Valor […]
Good things come in threes. This week, a power trio emerged with plans to bring nuclear energy onto the grid—and to take it off again. The deal is a power purchase agreement that would see the Tennessee Valley Authority purchase up to 50 MW of power from Kairos’ Hermes 2 reactor in Oak Ridge to […]
The coming generation of advanced nuclear reactor companies is counting on data center operators as key customers for their tech—and the feeling is mutual. Equinix, a data center operator with 270 active sites globally, announced a new agreement with Radiant to purchase 20 of the company’s Kaleidos deployable microreactors. The agreement is the largest deal […]
The DOE is handing out its roses. A few months after the Trump administration put out four executive orders making nuclear energy development a key national priority, the DOE has named the first participants in a new program intended to get advanced reactors up and running—fast. The 11 projects selected for the Nuclear Reactor Pilot […]
India is stepping up its nuclear power game. India is not new to producing nuclear power. The South Asian nation operates 24 reactors, with nuclear ranking as its sixth-largest energy source. Lately, the country has signaled its intention to increase nuclear output dramatically. A roadmap submitted in writing to the lower house of the Indian […]
