Will Wade

1 week ago | news.bloombergtax.com | Will Wade |Shoko Oda

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1 week ago | news.bloombergtax.com | Will Wade |Shoko Oda

NuScale Power Corp., the only company with US approval for a small nuclear reactor, has now won regulatory support for a second design that may go into service by the end of the decade. The US Nuclear Regulatory Commission formally authorized the company’s 77-megawatt reactor design, according to a statement Thursday. NuScale won similar approval in 2020 for a smaller, 60-megawatt version of the reactor, a first for the industry.

1 week ago | bloomberg.com | Will Wade |Shoko Oda

An artist’s rendering of NuScale Power’s small modular nuclear reactor plant. (Bloomberg) -- NuScale Power Corp., the only company with US approval for a small nuclear reactor, has now won regulatory support for a second design that may go into service by the end of the decade. The US Nuclear Regulatory Commission formally authorized the company’s 77-megawatt reactor design, according to a statement Thursday.

1 week ago | news.bloombergtax.com | Will Wade

Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design. The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system. Rendering of the Radiant Kaleidos microreactor.

1 week ago | bloomberg.com | Will Wade

Rendering of the Radiant Kaleidos microreactor. (Bloomberg) -- Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design. The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.