This year has been the year of data giants signing up for the nuclear energy renaissance, and there are no signs of slowing on that front. Last week, Amazon committed $334M to a feasibility study on deploying four SMRs at the Hanford site in Washington, Cascade PBS reported. The funding is part of a previously […]
The US is pushing for more domestically produced uranium fast, as its longstanding reliance on Russian imports is coming to a ban-induced end. Centrus Energy is gearing up to make that happen. Last week, the US uranium enricher and fuel producer announced that it would invest $60M into expanding a manufacturing facility in Oak Ridge, […]
Tokamak Energy, a UK- and US-based fusion startup working on building—you guessed it—a tokamak, has raised a new batch of funding to support the development of high-temperature superconducting magnets for fusion sector customers. The $125M round was led by East X Ventures and Lingotto Investment Management. “We are focused on commercializing our transformative HTS technology […]
Radiant, the microreactor company building a deployable fission reactor designed to fit on a truck and meet the energy needs of remote and specialized operations, announced on Thursday it raised a $100M funding round. DCVC led the Series C, which also included participation from Andreessen Horowitz, Union Square Ventures, Founders Fund, Decisive Point, McKinley Alaska […]
There’s a new fusion company building a machine in the land down under, and it’s just notched a milestone on its way to generating fusion power. OpenStar, a New Zealand startup developing a levitated dipole fusion machine, announced Tuesday that it had achieved first plasma in a test that sustained temperatures of 300,000°C for 20 […]
The relationship between AI and nuclear goes both ways. We’ve seen the deals signed to power the vast energy needs of AI with nuclear power—and now it’s time for AI to give a little something back. That’s the goal of a collaboration announced this week between Pacific Gas and Electric Company (PG&E) and Atomic Canyon, […]
It’s that time of year again, folks. Companies are reporting their earnings for the third quarter of 2024—and it was certainly an eventful quarter. Here’s our roundup of the first few calls of this earnings season. Constellation sees a way forward: Constellation ($CEG) faced a setback this week when FERC rejected the interconnection agreement between […]
Six months after its founding, SMR startup Deep Atomic has revealed a reactor design concept that’s sized especially for data center customers. The company said last week that it would focus its energy (no pun intended) on potential data center customers by building tailor-made reactors. “The data center energy demand peak and the peak interest […]
Antares, a company building modular microreactors for use on Earth and in space, announced Wednesday that it raised a new batch of funding to forge ahead with development. The $30M Series A round was led by Caffeinated Capital and AltCap. It also included participation from Rogue, Uncommon Capital, Shrug, Banter Capital, Box Group, and Shine […]
…But it’s not all over yet. Ultra Safe Nuclear Corp. (USNC), a leading microreactor developer working with a handful of US and foreign government agencies on reactor and fuel development projects, filed for Chapter 11 bankruptcy this week. The bankruptcy announcement isn’t the last we’ll hear from the company. USNC’s filing revealed extensive restructuring plans, […]
