With fresh funding, Standard Nuclear is accelerating the production of TRISO nuclear fuel for advanced reactors at industrial scale, emerging as the nation’s only reactor-agnostic TRISO fuel manufacturer and poised to transform domestic nuclear energy supply chains
OAK RIDGE, Tenn.–(BUSINESS WIRE)–Standard Nuclear, Inc., a reactor-agnostic producer of TRISO nuclear fuel, today announced its launch from stealth with $42 million in total funding led by Decisive Point with participation from Andreessen Horowitz, Washington Harbour Partners, Welara, Fundomo, and Crucible Capital.
As power demands surge for data centers, energy-intensive industries, and transportable energy solutions in defense and remote locations, Standard Nuclear is focused exclusively on supporting the advanced nuclear fuel supply chain through scaled production of TRISO, a critical and highly durable fuel for advanced nuclear reactors. Following decades of U.S. Department of Energy (DOE) scientific research, in 2019, the U.S. Nuclear Regulatory Commission (NRC) issued a safety evaluation report confirming the exceptional performance and robust safety profile of TRISO fuel, marking a significant step toward its use in advanced nuclear reactors.