South Korea’s Nuclear Utility Commits $40M to TerraPower
South Korea is taking its support for foreign SMR development to the next level.
Rachael Zisk
A Q+A with Matt Loszak, CEO of Aalo Atomics
To build a great microreactor, you need a great team. Matt Loszak, CEO of Aalo Atomics, began a new nuclear microreactor company a year ago with visions of cleaning up the Earth while enabling the growth and commercial success of energy tech. Over the last year, the company has grown from two to 15 people […]
Last Energy Raises $40M Series B
Last Energy, the DC-based microreactor startup, just got a boost on its path to deploy its first modular reactor system by 2026. The company announced today that it closed a $40M Series B round earlier this year, which will help it dramatically ramp up its hiring and make progress towards regulatory approvals in its target […]
Deep Fission Emerges with $4M Seed
The next hotspot for nuclear reactor construction is underground. At least, that’s the future reactor startup Deep Fission wants to make happen. The company emerged from stealth last week with $4M in seed funding and a vision to use borehole drilling to plant SMRs a mile beneath the surface of the Earth. This approach would […]
Reports Reveal the State of Nuclear This Year
There’s a wealth of new data on global nuclear power generation and development. This week, two important annual reports on the nuclear sector from IAEA and the World Nuclear Association hit the shelves—so to speak—and revealed in new detail how the globe’s atomic power production is going. All in all, nuclear power generation is up, […]
Teaming Up for Commercial Nuclear Shipping
With the amount of goods traveling every day on massive container ships across the oceans, it stands to reason that those ships could use a nuclear boost—and developers of Gen IV reactors want to make it happen. This week, UK-based nuclear startup Core Power announced that it entered into an agreement with Lloyd’s Register, a […]
Aalo Atomics Clinches $27M Series A
Austin’s local nuclear energy startup, Aalo Atomics, just got a major funding boost as it looks to beef up its team and make progress toward its holy grail: mass manufacturing of nuclear reactors. The company announced yesterday that it’s raised an additional $27M in funding from investors. 50Y and Valor Equity Partners led the round, […]
$SMR, $BWXT and $CEG Report Q2 Earnings
Earnings season is in full swing, and you know what that means: Another roundup of companies reported results from the second quarter of 2024. Let’s get right into it. NuScale Cuts Costs, Looks for Revenue Opps NuScale is doubling down on the “cost-saving initiatives” revealed last quarter as it climbs its way back from a […]
Pew Finds Most People Support Nuclear Expansion
Despite the important role that nuclear plants play in supplying the US with carbon-free, reliable baseload power, they get a bad rap. Historical concerns over the safety of nuclear energy after accidents, comparisons to nuclear weapons tech and proliferation, and pushback from environmentalists over waste and radiation have all negatively contributed to the public’s ever-changing […]
Q2 2024 Nuclear Energy Earnings Roll In
It’s that time of year again—nuclear energy companies trading in the public markets have started reporting their earnings for Q2 and H1. So far, Cameco and Kazatomprom have phoned in with results, and we’re here to share the highlights. Cameco stays the course The Canadian uranium producer reported last week that it’s on track to […]