Nuclear startup Last Energy raises $100M for its steel-encased micro reactor
Last Energy will use the funds to build its 5 megawatt pilot reactor in Texas, which it hopes to turn on next year.
nuclear power
Energy department hands out $800M in grants for small nuclear reactors
The Tennessee Valley Authority and Holtec were awarded substantial grants to build one reactor in Tennessee and two more in Michigan.
Microreactor startup Antares raises $96M for land, sea, and space-based nuclear power
Antares is designing and building small modular reactors that it plans to deploy for commercial, space, and defense applications.
X-energy rides nuclear wave, raises $700M Series D
The small modular reactor startup is capitalizing on surging interest from tech companies and data center developers.
Trump DOE gives Microsoft partner $1B loan to restart Three Mile Island reactor
Constellation Energy will use the loan to refurbish a reactor it idled in 2019. Microsoft has agreed to buy the power once the facility reopens in 2028.
Data centers now attract more investment than than finding new oil supplies
In a shift, the world will spend $40 billion more on new data centers this year than it will on finding new sources of oil.
Data centers now attract more investment than finding new oil supplies
In a shift, the world will spend $40 billion more on new data centers this year than it will on finding new sources of oil.
Altman and Nadella need more power for AI, but they’re not sure how much
The CEOs of OpenAI and Microsoft are betting that AI will continue to consume more electricity, but they’re not sure how much. That could leave some investors holding the bag.
Google to bring shuttered nuclear power plant back from the dead
Google is working with NextEra to reopen the Duane Arnold Energy Center in Iowa to power the tech companies data centers.
Nuclearn gets $10.5M to help the nuclear industry embrace AI
Nuclearn has developed AI tools to help reactor operators automate routine paperwork. “Think of it as the junior employee,” the company tells customers.