In a country where it’s tough to find broad bipartisan support for most anything, fusion energy has managed to buck the trend. At least, that’s how it sounded from the stage Wednesday afternoon at the Fusion Industry Association meeting, where the US House Fusion Energy Caucus co-chairs and vice chairs reassured the industry that they’re […]
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 […]
It’s pricey to get a new reactor design approved. That comes as no surprise to the advanced nuclear sector, which is all too familiar with the extended timelines and high price of licensing its tech. But now, it appears the NRC has heard the industry’s pleas. In a notice published Feb. 19 in the Federal […]
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 […]
