"The round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others, consists of $71 million in equity and $25 million in debt. Antares says it is targeting commercial, defense, and space-based applications with its R1 microreactor, which will produce between 100 kilowatts to 1 megawatt of electricity. The design uses TRISO fuel, which in Antares case is spheres of carbon- and ceramic-coated uranium embedded in graphite."
"Last week, Amazon-backed X-energy said it had raised a $700 million Series D round, which came on the heels of an upsized $700 million Series C that closed in February. The company is also designing a reactor around TRISO fuel. Deep Fission, which had struggled to raise money as recently as April, went public in a $30 million reverse merger in September."
Antares raised $96 million in a Series B round to pursue its R1 small modular microreactor. The round included $71 million in equity and $25 million in debt and was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others. The R1 microreactor is designed to produce 100 kilowatts to 1 megawatt using TRISO fuel composed of carbon- and ceramic-coated uranium spheres embedded in graphite. Other nuclear companies have attracted large investments recently, including X-energy, Deep Fission, Aalo Atomics, TerraPower, and projects to restart or reopen existing large reactors.
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