MIT spinoff Apollo Atomics, which is building compact pressurized water reactors (PWRs) with high power density, has announced the closing of a $31 million seed funding round led by San Francisco venture firm FCVC.
The nuclear power industry is undergoing something of a renaissance, with startups raking in funding to develop advanced reactors in a quest to lower costs. But based on recent projections, it’s unlikely those reactors will be cost-competitive anytime soon.
