Standard Nuclear raises $140M as nuclear power enters its gold rush era
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Standard Nuclear has raised $140 million in a Series A funding round led by Decisive Point, with participation from several investors including Andreessen Horowitz and Chevron Technology Ventures. This funding comes as the nuclear power sector experiences a surge in interest, particularly for small modular reactors. Standard Nuclear, which produces nuclear fuel, aims to capitalize on this trend, having already secured $100 million in non-binding sales for 2027. The company is built on the assets of the bankrupt Ultra Safe Nuclear Corporation, focusing on TRISO fuel technology.
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