Get some energy with Aalo Atomics. This next-generation nuclear energy company develops and deploys mass-manufactured nuclear plants to meet global energy demands sustainably. 

• Now, they’ve just raised a $100M Series B!

Investor check. Valor Equity Partners led the round, while Fine Structure Ventures, Hitachi Ventures, Crosscut, NRG Energy, Vamos Ventures, Tishman Speyer, Kindred Ventures, 50Y, Harpoon Ventures, Crescent Enterprises, Alumni Ventures, MCJ, Gaingels, Perpetual VC, Nucleation Capital, and Earth Venture Capital also joined in!

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⚛️ Gimme energy

Aalo’s reactors are designed for modular production and fleet deployment, which enables them to power data centers, industrial clusters, and utilities faster.

• According to a statement, their reactors are quick to install, easy to site anywhere, have tiny land and water requirements, are available at all times (even during refueling or maintenance, via redundancy of the fleet), and are clean. 

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🧑‍🏭 The vision

They want to serve the data center market and power data centers at scale.

• In the future, they want to enter markets like municipal utilities, desalination, industrial process heat, and more. 
• The company also aims to drive electricity costs down to 3 cents per kWh to make nuclear competitive with renewables.

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🚝 What’s with the $$$? 

The funding round will enable Aalo to build its first nuclear power plant, the Aalo-X, at the Idaho National Laboratory. 

The facility will have an experimental data center built alongside it. 

• Aalo also plans to scale thousands of Aalo Pods (five Aalo-1 reactors and 1 turbine per pod) to power data centers at scale.