Week 39 of 2024

Three nuclear energy innovation news!

🤑 Marvel Fusion (DE) closes a 60m$ Series B round led by HV Capital, with other investors including Earlybird Venture Capital, b2venture, etc. The main milestone associated to this funding is to achieve full proof of technology with their Demo Facility in Colorado by 2027.

🕊 Joe G. (co-founder of Airbnb) and Isabelle Boemeke gift 6m$ for the Nuclear Scaling Initiative (US). This newly formed organisation is a collaborative effort between the Clean Air Task Force, the EFI Foundation, and the Nuclear Threat Initiative to foster a new nuclear energy ecosystem to scale to 50GW of nuclear power per year by the 2030s. It will notably facilitate the formation of pooled demand for nuclear plants and advocate for regulatory harmonization at the international level.

🥇 Great British Nuclear concludes the initial tender phase of its technology selection process. Four companies were selected for the next stage of the procurement process and will be invited to enter negotiations: GE Hitachi Nuclear Energy, Holtec Britain, Rolls-Royce SMR, and Westinghouse Electric Company.

👨‍🎓 Paper of the week: "The role of nuclear energy and baseload demand in capacity expansion planning for low-carbon power systems", Applied Energy (2024).

👉 Higher nuclear shares reduce storage, transmission, curtailment, and land use needs.