The University of Illinois-Urbana Champagne (UIUC) is planning to build a uniquely capable micro reactor project on its campus. For decades, the university hosted a traditional research reactor that supported important research projects and provided operating experience. But, like the majority of university research reactors, it did not produce any useful heat or electricity. Kronos…
Aalo Atomics is a two year old micro reactor company founded by Matt Loszak, a serial entrepreneur, and Yasir Arafat, a skilled nuclear engineer who previously lead the DOE’s MARVEL advanced micro-reactor demonstration project. Note: At Nucleation Capital, we were impressed enough with the company and the team to add it to our growing portfolio…
Westinghouse’s eVinci is a 15 MWth, 5 MWe micro reactor. Westinghouse often refers to it as a nuclear battery. Unlike conventional nuclear power plants, eVinci uses no water and doesn’t produce steam. The eVinci is not “just another way to boil water.” There are no pumps in the system that moves heat out of the…
The US Nuclear Regulatory Commission issued a construction permit on September 16, 2024 to Abilene Christian University (ACU) to build a molten salt research reactor. This marked the first university research reactor approval in 30 years. It is the first liquid fuel reactor ever approved for construction by the NRC and only the second advanced…
Brian Gitt, the Business Development lead at Oklo, visited the Atomic Show to describe his employer’s business model and current prospects. Oklo is an advanced fission and fuel recycling company with an expansive vision for becoming a competitive clean energy supplier. It plans to provide heat and/or electricity as a service from a fleet of…
Atomic Canyon is a six month old company that is developing AI tools to improve the efficiency of routine tasks associated with developing, licensing, building, owning and operating nuclear plants. Their first product, called Neutron, uses AI to modernize searching the Nuclear Regulatory Commission’s 52 million page collection of publicly available documents that are currently…
James Krellenstein is a physicist, consultant and nuclear energy historian. He is currently employed as a senior advisor to Global Health Strategies. He started up their decarbonization practice with an emphasis on nuclear energy along with renewables. He was the lead author on GEH’s report on ways to reduce global dependence on Russia for necessary…
I’ll start with a disclosure. I’m still long on NuScale in my personal portfolio and have no intention of changing that position in the near future. I believe that the company has a good product and excellent potential for growth. The image above with Jose Reyes and me is from a visit I paid to…
Stefano Buono is a physicist and the successful founder of Advanced Accelerator Applications, a multibillion dollar company that pioneered the use of several therapeutic medical isotopes. After making several people very rich, including himself, he sold the medical isotope business and returned to his early 1990s field of study – nuclear fission reactors using molten…
Cross-posted from Nucleation Capital June, July and August of 2023 were the three hottest months the Earth has ever seen by such a large margin, it left climate scientists agog. Climate disasters are abounding apace, with the U.S. hit by 23 large-scale disasters, a record-breaking year already. In Pakistan, extreme rainfall and flooding affected 33…
Zeno Power makes cost-effective radioisotope power systems (RPS) for some of the most challenging environments in the solar system. Its systems use a proprietary package that allows a wider variety of isotopes to perform functions previously reserved for Pu-238, a rare isotope that is slowly produced at great expense. What is the value of RPS?…
Plutonium-239 (Pu-239) is a nuclear fuel source that should play an important role in a sustainable, rapidly growing nuclear power enterprise. It is a natural byproduct that is created inside every fission reactor using uranium fuel. It is fissile with characteristics that are similar to U-235, the fissile material that provides most of today’s nuclear…