In its mission to build a magnetic mirror fusion machine, Realta Fusion has secured an additional $36M in funding. The Series A round was led by Future Ventures. It also included participation from Avila VC, GSBackers, Khosla Ventures, Mayfield, SiteGround, TitletownTech, and the Wisconsin Alumni Research Foundation. The testing phase: The company has been running […]
Watch out, America. Canada wants to beat you to the punch. Ontario Power Generation (OPG), a Canadian utility, has earned permission from the government of Ontario to begin building the first SMR at the Darlington New Nuclear Project. The project has been years in the making—site preparation began in 2022—and with this last approval, construction […]
The hyperscalers are living up to their name, and scaling that fast comes with a growing hunger for power. In this case, we mean nuclear power. Yesterday, Google announced a strategic agreement with Elementl Power, a nuclear project development company, to advance site development for three nuclear projects. “Google is committed to catalyzing projects that […]
The federal government’s shake-ups over the last few months and the administration’s promise to cut excess spending across the board have left many, ourselves included, on the edge of our seats awaiting the budget. On Friday, we got our first peek. The “skinny” budget request released late last week is an overview of the larger, […]
China is outpacing the world in building nuclear reactors. That’s hard to dispute given that the country has more than 30 new reactors under construction and more nuclear capacity in pipeline than the rest of the world combined. And it’s not stopping there. This week, China’s State Council approved the construction of 10 new large-scale […]
Texas wants to be the nation’s go-to destination for companies looking to build new nuclear capacity. It’s been weighing the pros and cons of a state fund to support new nuclear development, and it looks like the pros are winning out. On Wednesday, the Texas House of Reps passed House Bill 14, which would create […]
The first commercial nuclear reactor restart in US history is well underway, and the DOE just released a tranche of funding to make it happen. This week, the DOE issued a $46.7M loan disbursement to Palisades plant owner Holtec International to support the company’s ongoing push to restart energy production at the site. The story […]
US data needs aren’t slowing down, and with more data demand comes a corresponding increase in energy consumption. Every energy think tank and analysis group out there has projections for just how much energy data centers will need in the coming years, and the numbers are high across the board. Current energy demand from data […]
Last October, Pacific Fusion emerged from stealth with a splashy $900M Series A and a commitment to build an inertial fusion machine based on the technologies that made the National Ignition Facility (NIF) and the Z Machine successful. Now, the company has come out with a roadmap to build a net gain facility by 2030—and […]
The changing tide of public opinion has a real and tangible impact on the progress of nuclear fission adoption, and the next generation of nuclear companies relies on that support in the realms of funding, licensing, and site selection. Luckily for the industry, things are looking up. Polling company Gallup published new research on support […]
