"Standard Nuclear is built on assets from the bankruptcy of Ultra Safe Nuclear Corporation, having raised $42 million to accelerate the production of advanced nuclear fuel."
"The company has secured $100 million in non-binding contracts for TRISO fuel sales in 2027, working with clients like Nano Nuclear Energy and Radiant Industries."
Standard Nuclear has emerged with $42 million in funding to develop advanced nuclear fuel, specifically TRISO fuel, following the acquisition of assets from the Ultra Safe Nuclear Corporation's bankruptcy. Led by CEO Kurt Terrani, previously involved with USNC, the company reports $100 million in non-binding fuel sales for 2027. It collaborates with notable clients, including Nano Nuclear Energy and Radiant Industries, suggesting a strong market interest in this technology. The TRISO fuel, designed to enhance safety and minimize meltdown risks, is gaining traction among several startups aiming to utilize its benefits.
Read at TechCrunch
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