The nuclear company raises $ 51 million to develop a huge reactor sites

The nuclear company It takes an old approach to building new nuclear reactors. Instead of setting a new design or trying to manufacture smaller reactions, he wants to develop a series of reactors using existing designs.

The start of the two -year -old Declare The A series last month led by Eclipse with the participation of CIV, Goldcrest Capital, MCJ Collective, True Ventures and Wonder Ventures, although it did not reveal the amount collected. Now, TECHRUNCH learned that the company has received $ 51.3 million in the A series, which is $ 70 million in the company.

The nuclear company was established in 2023 Three serial entrepreneurs: Former CEO of Appharvest, Jonathan Web, CEO of Arcadia Kiran Bharatrago, CEO of CIV Patrick Malone. The startup gives priority to sites that already have permits or licenses for work. Less than ten sites are located under this type Completely operating licenses and Early site permits In the nuclear organizational committee.

In sites that approach the pioneer, each of them can support reactors with more than 1 GB of generation capacity. The nuclear company aims to develop 6 GB in its first fleet.

The financing round reaches where technology and facilities are struggling to secure energy for data centers. It is expected that the demand for electricity in the United States will rise about 16 % by 2029 Network strategiesAfter years of fixed consumption. Data centers are a large driver. Their electricity can be used Quadrilateral By the end of the contract.

In the face of potential energy shortages, technology companies were heading to startups and nuclear developers. Google is Work with Kiros To build 500 megawatts of small normative reactors (SMR), while Amazon participated in a huge tour of $ 700 million to finance the SMR plans for X-Energy. Meta has Request proposals From developers to building up to 4 GB of generation capacity, Microsoft works with constellation energy Restart a reactor On an island three miles.

But nuclear energy faces the opposite winds, expected and unexpected. Solar energy competition is among the previous companies: technology companies and data center operators have benefited from the capacity of solar farms, Signing large deals. These farms are repeatedly associated with huge batteries to provide electricity around the clock throughout the week. Technology is inexpensive, and new projects can be developed in about 18 months.

Al -Nawawi may soon face other financial obstacles. This week, the Committee for the Roads and Means in the House of Representatives She published a draft For a draft reconciliation law, which would kill nuclear energy subsidies granted under the law to reduce inflation. Nuclear power plants are currently qualified to obtain tax credits of up to $ 15 per megawatt hour.

Most new nuclear power plants are not expected to arrive, including those on the timetable of the nuclear company, up to the early thirties. Looking at these expectations for the next five years Variously differentNuclear plants that enter the service after a decade from now can be stuck in obtaining the bag.

Complement: A Final Series A and total financing amount were added.