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…
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…
Westinghouse, one of the world’s first nuclear power plant vendors, recently announced a new small modular reactor (SMR) design called the AP300. It is described as a simplified version of the AP1000, four of which are currently operating in China and two of which are in the final stages of operational testing in Georgia, United…
Last Energy is an innovative new company governed by a philosophy of avoiding the invention of anything that has not been done before. They have created a business that is laser focused on building, owning and operating small (20 MWe), modular pressurized water reactors and selling the electricity they produce under long term power purchase…
The 24th International Conference on Cold Fusion (ICCF24) was held at the lovely and spacious Computer History Museum in Mountain View, CA over four days in late July. As a venture investor looking at evaluating and investing in a wide range of advanced nuclear ventures, I was invited to participate and/or sponsor the event. While…
Small modular reactors (SMRs) are gaining increased attention as a major opportunity in clean power production. They are a welcome tool in the necessary transition from an energy system dominated by hydrocarbon combustion to one that produces more power for more people with dramatically reduced greenhouse gas emissions. As a partner in Nucleation Capital, a…
Patrick McClure and David Poston successfully developed, obtained funding, constructed and operated a new atomic fission power source that produced useful quantities of electricity during the period from 2014-2018. That puts them into a rarified, perhaps unique position. Few US-based technologists have been through that process in the past 40 years. Aside: Without some way…