Standard Nuclear emerges from the ashes of a failed startup

Standard Nuclear emerges from the ashes of a failed startup

Standard Nuclear emerged from stealth Wednesday with $42 million in funding to make advanced nuclear fuel. Except Standard Nuclear isn’t an entirely new company. Rather, it’s built on assets purchased at auction following the bankruptcy of the Ultra Safe Nuclear Corporation (USNC) for $28 million. The new company’s CEO, Kurt Terrani, served as vice president…

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Elon Musk’s introduction to politics

Elon Musk’s introduction to politics

Elon Musk spent the last several months knee deep in government, sidelining his companies to pursue a longstanding Republican quest to weed out alleged waste and fraud.  Then, a few weeks ago, House Republicans passed a bill with provisions that would kneecap Tesla.  Now, Musk is fuming that the bill is “a disgusting abomination.” Plenty…

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Google places another fusion power bet on TAE Technologies

Google places another fusion power bet on TAE Technologies

Nobody said that commercializing fusion power would be cheap or quick. TAE Technologies said this week it raised another $150 million in a funding round that included investments from existing backers Google, Chevron, and New Enterprise associates.   By the nearly 30-year-old company’s counting, it’s TAE’s 12th round of investment. To date, it has raised…

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Meta buys a nuclear power plant (more or less)

Meta buys a nuclear power plant (more or less)

Meta announced Tuesday morning that it was paying billions of dollars to keep an Illinois nuclear power plant running through 2047. The social media company will buy all the “clean energy attributes” of Constellation Energy’s Clinton Clean Energy Center, a 1.1 gigawatt nuclear power plant in central Illinois, starting in June 2027. Electricity will still…

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Tesla alum’s Heron Power closes M Series A to transform key grid technology

Tesla alum’s Heron Power closes $38M Series A to transform key grid technology

Heron Power, the electrical grid-focused startup founded by former Tesla executive Drew Baglino, announced Thursday it has raised $38 million in a Series A funding round. Heron Power is developing solid-state transformers, which promise to be more compact and responsive than the century-old analog models. Transformers are key parts of the electrical grid, stepping voltage…

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