πŸ“ The Nuclear Company Raises $46M

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The Nuclear Company, a startup founded in 2023 by three seasoned entrepreneurs, has raised $46.3 million of a targeted $51.3 million Series A to build gigawatt-scale nuclear reactors using existing designs at already-permitted U.S. sites. Bucking the small modular reactor trend, the firm aims to develop 6 GW in its first fleet, targeting data center-driven power demand that’s expected to surge by 16% by 2029. While tech giants like Google, Amazon, and Microsoft are investing in nuclear to secure future energy, The Nuclear Company faces stiff competition from faster, cheaper solar-plus-battery projects and a potential rollback of federal nuclear subsidies.

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