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Developers of small modular reactors (SMRs) have raised over $1.5 billion in funding over the past year, driven by investments from major technology companies. Notable contributions include $700 million from an Amazon-led funding round for X-energy, $151 million raised by France's Newcleo, and $45 million secured by MIT spinoff Blue Energy. Recently, Valar Atomics emerged from stealth mode with $19 million in seed funding and announced a pilot reactor site. This funding surge highlights the growing interest in nuclear energy solutions as an alternative to traditional fossil fuels.
Valar Atomics comes out of stealth with $19M and a pilot reactor site https://t.co/CpTONeUN8Z
SMR developers have raised over $1.5 billion from big tech companies over the past year. -X-energy got $700 million from the Amazon-led funding round -France's Newcleo raised $151 million -MIT spinoff Blue Energy netted $45 million in the fall -D.C.-based Last Energy pulled in… https://t.co/0tLbuLcT77
While everyone else builds nuclear reactors one at a time, @isaiah_p_taylor building gigasites to rival oil refineries. Congrats Isaiah and @Valaratomics team on landing this historic first contract and securing seed funding. Proud to partner with you since day 1 https://t.co/ujVHkSc58F
