If there was any doubt in your mind that nuclear power is truly favored under the current administration, this past week should have erased it. On Friday, President Trump signed four executive orders. Each targets a different corner of the nuclear power development process, from funding to licensing to testing to deployment. The biggest goal: […]
Radiant, a nuclear firm founded by a SpaceX alum on a mission to replace diesel reactors with easily manufacturable and shippable nuclear microreactors, has closed a $165M round of funding to support its mission. The Series C was led by DCVC. It also included participation from StepStone, Giant Ventures, Hanwha Asset Management Venture Fund, SGA, […]
This morning, just after 7 AM, after an exhausting 24-hour-plus back-and-forth between moderate and far-right Republicans, the House of Reps passed a reconciliation bill by a one-vote majority. The bill boosts military spending by $150B and makes early cuts to tax credit programs for clean energy, mainly renewables. Overall, nuclear energy maintained support. The military […]
A handful of nuclear firms have ventured onto the public markets, and Q1 earnings are starting to trickle in. Over the last week, three publicly traded advanced reactor companies—Oklo ($OKLO), NuScale Power ($SMR), and NANO Nuclear Energy ($NNE)—gave us a peek into how things are running. Here’s our roundup of the last week of nuclear […]
Dow is in at the NRC. The chemicals and plastics industrial giant announced in March that it would work with advanced nuclear firm X-energy to transition an industrial plant in Seadrift, TX to nuclear power. Now, the NRC has confirmed that it’s on board. The commission accepted—or docketed—the construction permit application for review this week. […]
In its mission to build a magnetic mirror fusion machine, Realta Fusion has secured an additional $36M in funding. The Series A round was led by Future Ventures. It also included participation from Avila VC, GSBackers, Khosla Ventures, Mayfield, SiteGround, TitletownTech, and the Wisconsin Alumni Research Foundation. The testing phase: The company has been running […]
Watch out, America. Canada wants to beat you to the punch. Ontario Power Generation (OPG), a Canadian utility, has earned permission from the government of Ontario to begin building the first SMR at the Darlington New Nuclear Project. The project has been years in the making—site preparation began in 2022—and with this last approval, construction […]
The hyperscalers are living up to their name, and scaling that fast comes with a growing hunger for power. In this case, we mean nuclear power. Yesterday, Google announced a strategic agreement with Elementl Power, a nuclear project development company, to advance site development for three nuclear projects. “Google is committed to catalyzing projects that […]
The federal government’s shake-ups over the last few months and the administration’s promise to cut excess spending across the board have left many, ourselves included, on the edge of our seats awaiting the budget. On Friday, we got our first peek. The “skinny” budget request released late last week is an overview of the larger, […]
China is outpacing the world in building nuclear reactors. That’s hard to dispute given that the country has more than 30 new reactors under construction and more nuclear capacity in pipeline than the rest of the world combined. And it’s not stopping there. This week, China’s State Council approved the construction of 10 new large-scale […]
