Standard Nuclear Emerges from Stealth with $42 Million in Funding to Secure the Domestic Advanced Nuclear Fuel Supply Chain
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.