The world’s biggest data companies are only getting bigger, and with that growth comes a need for energy that becomes more urgent with each passing month. Big tech is looking at many energy sources to meet its growing needs, but it’s clear from all angles that nuclear power will be essential to filling the gap […]
Talen Energy is making deals to free up valuable capacity at the Susquehanna Steam Electric Station as it plans for a dramatic shift toward powering big data. The latest update: Purchasing a crypto mining operation using 200 MW of the plant’s capacity. On Thursday, Talen announced that it had purchased the remaining 25% of a […]
It’s a bird, it’s a plane…it’s another high-flying batch of funding for a fusion startup! Last week, Marvel Fusion announced that it has secured a €62.8M ($70.3M) Series B round to support development of its inertial confinement fusion approach. Frickin’ laser beams: Most of the companies raising funds at this scale to pursue commercial fusion […]
The US DoD project to build a portable microreactor for military operations in the field is officially underway. On Tuesday, the Pentagon announced that it broke ground at a site near the Idaho National Lab to support the build of Project Pele, which aims to produce energy from a Gen IV nuclear reactor for the […]
It’s been five years since the last reactor at the Three Mile Island nuclear power generating station was decommissioned and 45 years since the accident that tarnished the plant’s name. But now that we’re entering a new era of power demand, reopening rumors have been swirling around shuttered plants—Three Mile Island included. On Friday, Constellation […]
At long last, the NRC issued its first permit for constructing a liquid-fueled advanced reactor. Abilene Christian University in Texas received the historic permit to build a Natura Resources molten salt reactor, dubbed MSR-1, at a $23M test facility on campus.
In the world of deep tech venture capital, a16z has become a force. The firm made a name for itself with pragmatic investments in companies looking to scale transformative tech benefitting the national interest—and they tend to be boundary-pushing industry leaders in their fields. David Ulevitch and Katherine Boyle started the American Dynamism practice two […]
There’s been another wave of funding into the commercial fusion sector, with Fuse Energy Technologies Corp. raising a fresh $32 million. The startup is pursuing an unconventional path to fusion energy by first building pulsed-power inertial fusion machines and using them to help customers test radiation effects. Buckley Ventures, Tamarack Global, Bracket Capital, Mantis VC, […]
In its mission to deploy Sweden’s first SMR—and start the nation’s first new reactor construction in more than 40 years—Blykalla has raised the second half of its Series A round. The 80M SEK ($7.7M) in new funding doubles the total size of the Series A to 160m SEK ($15.5M). The investors in the round extension […]
Serial entrepreneur Liz Muller has a new vision for the nuclear energy sector: putting SMRs deep underground. The idea might sound crazy, but Muller has spent enough time thinking about the benefits of boreholes—narrowly drilled holes in rock that can be used to place items, including machinery, one mile or more below the Earth’s surface—that […]
