Alva Energy has launched with $33 million in Series A funding led by Playground Global to unlock 10 gigawatts of new electric power generation capacity from existing US nuclear reactors. The company aims to meet surging power demand from AI and industrial uses by upgrading current nuclear infrastructure. Alva productises upgrades to existing nuclear plants, replacing steam generators and adding second turbine generators to maximise electrical generation capacity. The company can increase capacity by 200-300 megawatts per reactor, comparable to a small modular reactor's output. The funding will enable Alva to advance multiple projects simultaneously, scale engineering teams, and secure regulatory pre-approvals from the US Nuclear Regulatory Commission. The company expects its first projects online within five years. Alva works directly with large-scale power consumers and utilities to finance retrofits without increasing residential ratepayer costs.

Alva Energy, the nuclear energy company making it faster and easier to safely boost power from existing nuclear reactors, today announced it has launched wit...