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- A new nuclear company launches // Solar firm raises $22 million // the UAE looks to expand its nuclear power capacity
A new nuclear company launches // Solar firm raises $22 million // the UAE looks to expand its nuclear power capacity
Welcome to Grid Brief! Here’s what we’re looking at today: a new nuclear startup launches, British solar firm raises $22 million, UAE considers more nuclear power.
New Nuclear Startup Launches
The Nuclear Company, a fleet-scale nuclear development company, has launched, as reported by Axios.
While the domestic nuclear energy industry has largely been focused on developing next-generation technologies, The Nuclear Company is focused on building proven technologies at scale. As its website states, a “design-once, build-many approach uses a proven design to deliver safe and reliable electricity at the lowest cost. While others are betting on unproven design and engineering, we’re focused on approved and licensed technology already operating in the United States.”
The company will build coalitions of stakeholders, regulators, and financial institutions to catalyze the industry, make nuclear energy an attractive investment, and deliver projects on time and on budget.
The Nuclear Company aims to build its first 6 gigawatt fleet by the mid-2030s.
Naked Energy Raises $22 Million to Decarbonize Heat and Power
Formed in 2009, Naked Energy is a British energy company that generates heat and power from solar energy. The company claims that its novel “Virtu” technology allows its clients to collect the most power-dense solar energy in the world. Specifically, the solar collected is “up to four times more impactful at offsetting CO2 emissions than conventional solar PV panels.”
The $22 million Series B funding round was led by E.ON Energy Infrastructure Solutions and Barclays’s Sustainable Impact Capital fund. Naked Energy has manufacturing bases in the UK and Europe and plans to open a new facility in Dallas this year.
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Conversation Starters
UAE considers another nuclear power plant (Reuters)
Oil-rich UAE may soon be going even more in on nuclear power. The nation recently opened up Barakah Nuclear Power Plant, a four-reactor plant with a total output of over 5,000 MW.
Energy policies a Trump-Vance administration may prioritize (C3 News)
With the GOP presidential ticket set, a potential Trump-Vance administration will undoubtedly message its campaign on reducing costs and expanding energy production.
AI to attack superweeds (The Wall Street Journal)
Bayer and other companies are turning to AI to reduce the greenhouse gas footprint of the ag industry.
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