Mentioned:
Standard Nuclear has just cut a new nuclear fuel deal with a microreactor startup. And they’re backed by some of the most successful venture capital investors in the world.
What’s happening:
- Standard Nuclear (NYSE: STDN) has entered into a new binding fuel supply agreement with nuclear microreactor startup Radiant Industries
Why it matters:
- Standard Nuclear will supply multiple metric tonnes of TRISO nuclear fuel to Radiant Industries as part of the new supply deal over the next five years
Going deeper:
- Standard Nuclear has publicly stated that the TRISO nuclear fuel being supplied to Radiant Industries will directly support the deployment of their transportable 1 megawatts microreactor known as Kaleidos
- Radiant Industries has raised more than $500M USD and is backed by multiple prominent venture capital investors and energy companies including Founders Fund, Draper Associates, Boost VC and Chevron's (NYSE: CVX) venture capital arm
The intrigue:
- Standard Nuclear just recently made waves on Wall Street when they raised $150M USD in their IPO financing round and begun trading on the New York Stock Exchange
