<ul><li>The Nuclear Company has raised $46.3 million in a Series A fundraise out of a targeted $51.3 million total from investors including CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures.</li><li>Founded in 2023, the startup aims to develop a series of nuclear reactors using existing designs, prioritizing sites with permits to operate and planning to develop 6 gigawatts in its first fleet.</li><li>Tech companies and utilities are turning to nuclear startups for power as electricity demand in the U.S. is expected to surge, with Google, Amazon, Meta, and Microsoft engaging in nuclear energy initiatives amid competition from solar power.</li><li>Potential financial hurdles for nuclear power include the House Ways and Means Committee's draft of a reconciliation bill that may end subsidies for nuclear power plants, affecting new projects like those of The Nuclear Company that are anticipated to be operational in the early 2030s.</li></ul>

The Nuclear Company raises $46M to develop massive reactor sites

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