Data and nuclear power go hand in hand, and Aalo Atomics underlines that fact with the plan for its first microreactor—and a major raise to support it. Aalo Atomics, a company developing an advanced microreactor geared toward data centers, announced this week that it has raised a $100M Series B. That raise, led by Valor […]
Good things come in threes. This week, a power trio emerged with plans to bring nuclear energy onto the grid—and to take it off again. The deal is a power purchase agreement that would see the Tennessee Valley Authority purchase up to 50 MW of power from Kairos’ Hermes 2 reactor in Oak Ridge to […]
The coming generation of advanced nuclear reactor companies is counting on data center operators as key customers for their tech—and the feeling is mutual. Equinix, a data center operator with 270 active sites globally, announced a new agreement with Radiant to purchase 20 of the company’s Kaleidos deployable microreactors. The agreement is the largest deal […]
The DOE is handing out its roses. A few months after the Trump administration put out four executive orders making nuclear energy development a key national priority, the DOE has named the first participants in a new program intended to get advanced reactors up and running—fast. The 11 projects selected for the Nuclear Reactor Pilot […]
India is stepping up its nuclear power game. India is not new to producing nuclear power. The South Asian nation operates 24 reactors, with nuclear ranking as its sixth-largest energy source. Lately, the country has signaled its intention to increase nuclear output dramatically. A roadmap submitted in writing to the lower house of the Indian […]
The DoD is making another bet on Radiant. Yesterday, the Defense Innovation Unit (DIU), the US Air Force, and Radiant announced that the microreactor company had agreed to deliver a working microreactor to a US military base by 2028. It’s the latest in a series of DoD agreements intended to make microreactors part of the […]
There are a whole lot of companies vying to deploy advanced nuclear reactors in the US, and they all have one thing in common: a need for fuel. Problem is, the US has very limited capacity for domestic fuel production. Almost all of the nuclear fuel powering the American reactor fleet is imported, and there […]
China has formed a new state-owned company to pursue fusion—and the plan is to go really fast. The China National Nuclear Corporation (CNNC) has formed a subsidiary called the China Fusion Energy Co. (CFEC), which will focus on building a fusion plant as quickly as possible. That’s an expensive thing to do, but China is […]
There’s news out of Washington’s most mysterious fusion company this week. Helion, a well-capitalized startup aiming by 2028 to bring a commercial fusion plant online and start selling power to Microsoft, announced that it has leased a plot of land from Chelan County, WA, and broken ground on its 50 MW Orion facility. “Today is […]
The new generation of US nuclear reactors faces a familiar question: What happens to the nuclear waste? Deep Isolation is a Berkeley, CA-based company developing a borehole-based long-term storage solution for spent nuclear fuel and radioactive material. Last week, it announced a $33M round of funding from private investors. “This merger and private placement financing […]
