Ignition @ignitionnuclear
An evolution in nuclear energy news. ignition-news.com Joined December 2023-
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There’s another nuclear SPAC hitting the markets. @DeepFission announced that it has completed a reverse merger with Surfside Acquisition Inc., netting $30M in a transaction where shares were priced at $3 apiece. ignition-news.com/deep-fission-c…
There’s a large cohort of advanced nuclear companies rushing toward a deadline—less than a year away—to turn on a reactor for the first time. On every metric, @RadiantNuclear wants to be first. ignition-news.com/a-qa-with-rita…
The advanced nuclear company @oklo announced plans to invest up to $1.68B into developing a facility where spent nuclear fuel can be recycled into usable fuel for fast reactors, such as Oklo’s Aurora design. ignition-news.com/oklo-plans-1-6…
The next biggest round in fusion has officially landed. @CFS_energy has raised a Series B extension round of $863M intended to carry the company through completion of the highly anticipated SPARC tokamak. ignition-news.com/commonwealth-f…
@GeneralFusion has raised a $22M round of funding to keep its doors open after a stretch of financial difficulty. ignition-news.com/general-fusion…
.@AaloAtomics announced that it has raised a $100M Series B. That raise, led by Valor Equity Partners, provides the capital the company needed to get its first power plant, Aalo-X, to criticality by next summer. ignition-news.com/aalo-atomics-r…
A power trio emerged with plans to bring nuclear energy onto the grid. The deal is a power purchase agreement that would see the Tennessee Valley Authority purchase up to 50 MW of power from Kairos’ Hermes 2 reactor to power Google data centers. ignition-news.com/google-kairos-…
.@Equinix, a data center operator with 270 active sites globally, announced a new agreement with @RadiantNuclear to purchase 20 of the company’s Kaleidos deployable microreactors. ignition-news.com/equinix-taps-r…
The DOE has named the first participants in a new program intended to get advanced reactors up and running. The 11 projects selected for the Nuclear Reactor Pilot Program will be vying to reach criticality by July 4 of next year. Auspicious, indeed. ignition-news.com/the-doe-picks-…
India is not new to producing nuclear power. The South Asian nation operates 24 reactors, with nuclear ranking as its sixth-largest energy source. Lately, the country has signaled its intention to increase nuclear output dramatically. ignition-news.com/indias-nuclear…
The @DIU_x, the @usairforce, and @RadiantNuclear announced that the microreactor company had agreed to deliver a working microreactor to a US military base by 2028. ignition-news.com/radiant-to-del…
The @CN_Nuclear_Corp has formed a subsidiary called the China Fusion Energy Co., which will focus on building a fusion plant as quickly as possible. That’s an expensive thing to do, but China is backing the initiative with a budget of 15B yuan ($2.1B). ignition-news.com/fusion-is-at-t…
.@Helion_Energy, a well-capitalized startup aiming by 2028 to bring a commercial fusion plant online and start selling power to @Microsoft, announced that it has leased a plot of land from Chelan County, WA, and broken ground on its 50 MW Orion facility. ignition-news.com/helion-gets-to…
.@DeepIsolation is a Berkeley, CA-based company developing a borehole-based long-term storage solution for spent nuclear fuel and radioactive material. Last week, it announced a $33M round of funding from private investors. ignition-news.com/deep-isolation…
Fusion companies pulled in a grand total of $2.64B over the last 12 months—a 178% increase growth-wise from the year before—but it’s still not enough to get over the finish line. ignition-news.com/the-fusion-ind…
.@Microsoft and the @INL announced that they’d be working together to use AI to make it easier to collect and submit the documents needed to get nuclear construction projects approved by regulators. ignition-news.com/microsoft-part…
.@Google and @westinghouse announced that they’ll be working together to streamline the nuclear construction process. ignition-news.com/google-ai-part…
A Japanese fusion firm just pulled in a new batch of funding to support the engineering and manufacturing phases of a steady-state fusion power plant based on its stellarator design. ignition-news.com/helical-fusion…
Critical technology development in the US is riding high, but that doesn’t come without challenges. Selling to the government is no easy feat. ignition-news.com/a-qa-with-tomm…
The @EUeic’s job is to disperse funding to the companies pushing the bleeding edge of technology. This time around, it identified a Danish nuclear firm as one of its beneficiaries. ignition-news.com/new-eic-fundin…
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