A start-up finance venture is touting a “design-once, build-many” model in launching an ambitious plan to kick-start U.S. nuclear energy development by building a spate of new nuclear-fueled power plants.
The Nuclear Company, “a fleet-scale nuclear development company” based in Lexington, Kentucky, announced in a July 18 press release that it can dramatically reduce costs in building nuclear power plants with standardized processes that “integrate proven technology with unparalleled collaboration among diverse organizations.”
The Nuclear Company’s investors include CIV, True Ventures, Wonder Ventures, Goldcrest Capital, and MCJ Collective. Its “collaboration consortium” includes utilities, independent power producers, “hyperscalers,” nuclear technology suppliers, and private equity firms….