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The Nuclear Company raises $51M to develop massive reactor sites
The Nuclear Company, a nuclear startup, has raised $46 million to develop massive reactor sites, according to an SEC filing.
Meta has solicited proposals from developers to build up to 4 gigawatts of generating capacity, and Microsoft is working with Constellation Energy to restart a reactor at Three Mile Island. This week, the House Ways and Means Committee published its draft of a reconciliation bill that would kill subsidies for nuclear power that were granted under the Inflation Reduction Act. Given that forecasts for the next five years vary wildly, massive nuclear plants entering service a decade from now could be stuck holding the bag.
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