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, […]
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 […]
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 […]
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 […]
Investor enthusiasm for fusion is alive and well. Our proof: a fresh batch of funding to the tune of $53.5M for Type One Energy, a startup building a stellarator in Tennessee. The investment completes Type One’s seed round, which stands at a grand total of $82.4M after the company announced a $29M portion last year. […]
Korea’s fusion development is about to get a major government windfall as the nation races toward commercial opportunities. Last week, South Korea’s National Fusion Energy Committee, an office within the Science Ministry, announced that it would start a 1.2T won ($866M) program to bolster domestic commercial fusion development. The funding, separate from the vast amounts […]
Kairos Power has a second safety-approved reactor design on the books. The company announced this week that its Hermes 2 reactor—the follow-on to the Hermes demo reactor—has passed a key safety review by the NRC, notching a key milestone on the path to a construction permit. Build, baby, build: It’s been about a year since […]
Rolls-Royce has its tech on land, at sea, and in the air, so there’s only one place left to go—space. The company announced this morning that it won a £4.8M ($6.2M) award from the UK Space Agency under the country’s National Space Innovation Programme (NSIP). The award will help Rolls-Royce push forward on developing its […]
Commercial fusion companies brought in $900M in funding over the last year, per the latest annual report from the Fusion Industry Association (FIA).
Russia is still occupying Europe’s largest nuclear power plant, Ukraine’s Zaporizhzhya, and the UN is trying to apply pressure to get it back into Ukrainian control.
