Standard Nuclear raises $140M as nuclear power enters its gold rush era

The article discusses the recent surge in investment and activity in the nuclear power sector, driven in part by the growing electricity demands of AI companies. This "nuclear gold rush" has extended beyond reactor startups to critical suppliers, exemplified by Standard Nuclear, a company specializing in nuclear fuel for small modular reactors. Standard Nuclear recently raised $140 million in a Series A funding round led by Decisive Point, with participation from notable investors including Andreessen Horowitz and Chevron Technology Ventures. This funding round was completed in two $70 million tranches after the company met milestones ahead of schedule, influenced by nuclear-related executive orders issued during the Trump administration. Standard Nuclear emerged from the bankruptcy of Ultra Safe Nuclear Corporation (USNC), which had been developing TRISO fuel—a highly durable nuclear fuel designed to resist meltdown. TRISO fuel, consisting of uranium particles coated with ceramic and carbon, dates back to the 1950s but is not yet widely used. Despite this, many new nuclear startups plan to utilize