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 […]
South Korea is taking its support for foreign SMR development to the next level.
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, 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 […]
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 […]
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, […]
