Home / Business and Economy / Nuclear Startup Valar Atomics Secures $130M to Build Advanced Reactors
Nuclear Startup Valar Atomics Secures $130M to Build Advanced Reactors
10 Nov
Summary
- Valar Atomics, a nuclear startup, has raised $130 million in funding
- The startup plans to build thousands of advanced nuclear fission reactors within a decade
- Valar Atomics has begun construction on its first reactor in Utah, aiming to demonstrate 100kW of thermal energy by July 4, 2025
In a significant development in the nuclear energy sector, Valar Atomics, a California-based nuclear startup, has secured $130 million in funding from a group of high-profile investors. The funding round was led by Anduril Industries founder Palmer Luckey, Lockheed Martin Corp., and Palantir Technology Inc.'s Shyam Sankar.
Valar Atomics, which is based in Hawthorne, California, has ambitious plans to build thousands of advanced nuclear fission reactors within the next decade. The company began construction on its first reactor in September 2025 in Utah and is on track to demonstrate the ability to produce 100 kilowatts of thermal energy by July 4, 2025.
The startup's long-term goal is to mass-manufacture small modular reactors and cluster them at so-called "gigasites," where they will help power artificial intelligence data centers, industrial manufacturers, and other customers. This innovative approach aims to make nuclear power more accessible and scalable, potentially revolutionizing the energy landscape.
With the recent influx of funding, Valar Atomics is poised to accelerate its efforts to bring its advanced nuclear technology to the market. The company's success could have far-reaching implications for the future of sustainable energy production and the fight against climate change.
