A major fusion funding round just hit Europe. Proxima Fusion has been working on developing a stellarator, a type of magnetic confinement fusion machine, for the last two years since it spun off from the Max Planck Institute for Plasma Physics (IPP). Now, Proxima has raised a €130M ($151M) Series A round of funding to […]
Nuclear power is playing in the big leagues when it comes to attracting capital around the world. Each year, the International Energy Agency (IEA), an independent intergovernmental organization formed by the Organisation for Economic Cooperation and Development (OECD), counts up the dollars flowing into energy globally. This year, nuclear energy technologies are expected to pull […]
Why build a whole new nuclear power plant when you’ve got a perfectly good one already running? That’s the motivation behind a deal between data giant Meta and energy utility Constellation. This week, Meta agreed to a 20-year power purchase agreement for the entire output of the Clinton Clean Energy Center in Illinois beginning in […]
Go big or go home. NuScale Power ($SMR) announced last week that it has received NRC standard design approval for its second SMR plan. This reactor has the capacity to produce 77 MW of energy, compared to the 50 MW version of the design that the regulator approved in 2020. “With today’s announcement, NuScale continues […]
As the advanced nuclear sector gets closer to commercialization, firms are eyeing the public markets for access to capital and to take advantage of public excitement for a potential new, clean, safe energy source. Terrestrial Energy is the latest nuclear firm to finalize plans to go public. The molten salt reactor company announced in March […]
If there was any doubt in your mind that nuclear power is truly favored under the current administration, this past week should have erased it. On Friday, President Trump signed four executive orders. Each targets a different corner of the nuclear power development process, from funding to licensing to testing to deployment. The biggest goal: […]
Radiant, a nuclear firm founded by a SpaceX alum on a mission to replace diesel reactors with easily manufacturable and shippable nuclear microreactors, has closed a $165M round of funding to support its mission. The Series C was led by DCVC. It also included participation from StepStone, Giant Ventures, Hanwha Asset Management Venture Fund, SGA, […]
This morning, just after 7 AM, after an exhausting 24-hour-plus back-and-forth between moderate and far-right Republicans, the House of Reps passed a reconciliation bill by a one-vote majority. The bill boosts military spending by $150B and makes early cuts to tax credit programs for clean energy, mainly renewables. Overall, nuclear energy maintained support. The military […]
A handful of nuclear firms have ventured onto the public markets, and Q1 earnings are starting to trickle in. Over the last week, three publicly traded advanced reactor companies—Oklo ($OKLO), NuScale Power ($SMR), and NANO Nuclear Energy ($NNE)—gave us a peek into how things are running. Here’s our roundup of the last week of nuclear […]
Dow is in at the NRC. The chemicals and plastics industrial giant announced in March that it would work with advanced nuclear firm X-energy to transition an industrial plant in Seadrift, TX to nuclear power. Now, the NRC has confirmed that it’s on board. The commission accepted—or docketed—the construction permit application for review this week. […]
