What could nuclear power do if it was free from the restraints of the grid? Valar Atomics looks to answer that question by using nuclear reactors to create hydrocarbons that can replace traditional oil and gas-based fuels. This week, the company raised a $19M seed round, reached a tech milestone, and announced a major partnership […]
When you ask an advanced nuclear company about its biggest struggle in getting a reactor to market, the answer is almost always the regulatory process. (Believe us—we’ve asked.) Everstar was created to make the regulatory and compliance process a little easier for companies. This week, the startup announced that it has raised a $4M pre-seed […]
X-energy has officially closed its Series C-1 funding round, which was announced publicly in October when Amazon’s Climate Pledge Fund and partners committed ~$500M. The grand total for the round is a whopping $700M, which is expected to go toward reactor development and licensing, building the TRISO-X fuel facility, and pursuing commercialization opportunities for the […]
We’ve got what you’ve all been waiting for, folks: the first fusion megaround of 2025. Helion announced this week that it has raised a $425M Series F round. The Washington-based fusion company, famously backed by OpenAI’s Sam Altman, is working to develop commercial fusion on a much shorter timeline than its competitors. Lightspeed Venture Partners […]
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 […]
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 […]
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 […]
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 […]
