SUBSCRIBE
PROFILE

Aalo Atomics raises USD 100 million to launch its first nuclear power plant

Aalo Atomics completes Series B funding, bringing its total to USD 136 million, to build its first modular nuclear power plant dedicated to data centers.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Austin-based company Aalo Atomics announced it has raised 100 million US dollars (USD) in its Series B funding round. The round was led by Valor Equity Partners, with participation from several new and existing investors such as Fine Structure Ventures, Hitachi Ventures, NRG Energy, Vamos Ventures, and Crescent Enterprises. This amount brings the company’s total funding to more than 136 million USD, according to its statement.

This capital will allow Aalo Atomics to build its first commercial nuclear reactor, named Aalo-X. The project is part of the United States Department of Energy’s (DOE) Nuclear Reactor Pilot Program, an initiative designed to support eleven advanced reactor projects, at least three of which are expected to achieve criticality in less than one year.

A modular reactor for data centers

The Aalo-X reactor is based on the Aalo Pod technology, a modular 50 megawatt-electric (MWe) power unit designed to meet the specific energy needs of data centers. Each Pod contains five sodium-cooled Aalo-1 reactors using low-enriched uranium fuel. Its modular configuration and independence from external water sources are presented as advantages for siting these units directly alongside data infrastructure.

Aalo Atomics plans to build an experimental data center next to the Aalo-X plant, marking the first direct combination of a nuclear facility with a data center. The stated goal is to demonstrate the feasibility of this energy pairing at an industrial scale, particularly for future multi-gigawatt deployments.

Target: Commissioning by summer 2026

The company aims to achieve zero-power criticality – a key milestone in a reactor startup – by next summer. Unlike an experimental prototype, the Aalo-X is designed as a complete plant, intended to generate electricity for industrial purposes. This positioning differs from traditional approaches focused on demonstrators or pilot units with limited applications.

Founded in 2023, Aalo Atomics plans to double its current workforce of around 60 employees. Recruitment will focus primarily on specialists in nuclear engineering and manufacturing to support the company’s operational scale-up.

  • Popular on energynews.pro
Russia strikes 95 targets and severely damages Ukrainian gas sites
BlackRock and Canada Pension Plan finalise $6.2bn Allete buyout with Minnesota approval
Russian strike cuts power to Chernobyl site, reigniting nuclear safety concerns
OPEC+ prepares new production hike amid rift between Riyadh and Moscow
Major fire contained at Chevron’s El Segundo refinery, investigation underway
Medvedev announces the rise of public investment in nuclear and AI
The Vice-Chairman of Russia’s Security Council believes more countries will develop nuclear weapons and generative AI technologies as a result of increasing public sector efforts.
Orano wins legal case in uranium dispute over Somaïr site
An international tribunal ruled in favour of French company Orano against the State of Niger, which had blocked the sale of uranium extracted from the Arlit mine since taking control of the site in 2023.
Oklo and Blykalla form transatlantic alliance on modular reactor development
US-based Oklo and Sweden’s Blykalla join forces to coordinate supply chains and regulatory data sharing to accelerate the commercial deployment of their metal-cooled small modular reactors.
EDF to invest €25bn to strengthen nuclear capacity by 2030
EDF plans a massive €25bn ($26.5bn) investment to modernise its nuclear fleet, focusing on reactor lifetime extension and preparing for new nuclear projects in France.
EDF nuclear costs kept under control until 2028 according to CRE
The French Energy Regulatory Commission set the full nuclear cost at €60.3/MWh by 2026, outlining the taxation thresholds applicable under the market reform scheduled for 2026.
Bulgaria begins talks for the deployment of small modular reactors
The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
EDF pushes back Flamanville EPR restart to 17 October
The restart of the Flamanville EPR reactor, initially scheduled for 1 October, has been delayed by more than two weeks due to a maintenance operation on the primary circuit.
Natural uranium will be sufficient to fuel nuclear reactors until 2100
The International Atomic Energy Agency says known natural uranium reserves will meet global nuclear power plant demand for the rest of the century, despite price pressures.
Rosatom will finalise field studies for Kazakhstan’s nuclear power plant in 2025
Site selection for Kazakhstan’s first nuclear power plant enters an advanced technical phase, with more than 100 experts mobilised by Rosatom to conduct complex geological and seismic analyses.
ICSID blocks the sale of SOMAÏR uranium by the State of Niger
The ICSID arbitral tribunal ordered Niger to suspend any sale of uranium produced by SOMAÏR, ruling that this material falls under Orano’s contractual rights, amid a dispute with the State that has lasted for several months.
TNC partners with Nucor to strengthen US nuclear supply chain by 2050
US-based TNC has entered into a strategic agreement with Nucor Corporation to expand gigawatt-scale nuclear capacity in line with federal targets of 400 GW by 2050.
Framatome and ENEA join forces to develop lunar nuclear reactors
Framatome and Italian agency ENEA have signed an agreement to design nuclear reactors capable of powering future human settlements on the Moon, amid growing European ambitions in space.
X-energy confirms feasibility of high-temperature modular reactor in Alberta
A technical report backed by the Government of Alberta confirms the potential of the Xe-100 reactor to meet the province’s industrial and electrical energy needs.
IAEA warns of drone activity near Ukrainian nuclear facilities
Drones were detected within 500 metres of the South Ukraine nuclear power plant, while Zaporizhzhia remains without off-site power.
Putin calls for new financing models for global nuclear energy
At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.
North Korea reportedly holds two tonnes of weapons-grade enriched uranium
Seoul estimates Pyongyang holds enough highly enriched uranium to produce up to 50 atomic bombs, reigniting concerns over its growing nuclear arsenal despite international sanctions.
Nuclearelectrica secures €620mn for strategic Cernavoda projects
Romanian producer Nuclearelectrica has secured €620mn in funding to modernise Cernavoda unit 1 and launch the next phase of units 3 and 4, backed by a banking syndicate led by JP Morgan.
Tehran faces heavy sanctions 48 hours before nuclear deal expiration
Iran has less than two days to avoid the reinstatement of United Nations sanctions, as Europeans and the United States deem its nuclear commitments insufficient.
India to set up nuclear liability fund to attract private investment
The Indian government plans a legal fund dedicated to compensating major nuclear accidents to remove barriers to private and foreign investment in the sector.
TerraPower and Evergy launch feasibility study for advanced reactor in Kansas
TerraPower, Evergy and Kansas economic authorities are assessing the deployment of a Natrium reactor and energy storage system under a memorandum of understanding focused on site selection.

Log in to read this article

You'll also have access to a selection of our best content.

[wc_register_modal]