Antares raises $96M for microreactor development for diverse Energy applications. News summary. Antares, a nuclear startup, has successfully raised $96 million in a Series B funding round to advance its small modular reactor design, known as the R1 microreactor. This funding includes $71 million in equity and $25 million in debt, with participation from Shine Capital, Alt Capital, Caffeinated, FiftyThree Stations, and Industrious. The R1 microreactor is designed for commercial, defense, and space-based applications, producing between 100 kilowatts and 1 megawatt of electricity using TRISO fuel. The startup's progress follows a renewed interest in nuclear power, evidenced by significant investments in similar companies like X-energy, Deep Fission, Aalo Atomics, and TerraPower. Antares aims to demonstrate its reactor for the Department of Energy next year, with plans to activate its full-power reactor by 2027. Story coverage.

Antares raises $96M in Series B funding. Antares, a Torrence, CA-based nuclear energy startup, raised $96M in Series B funding. The round was led by Shine Capital, with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and other investors, bringing its total amount to date to over $130M in funding. It consisted of $71M in new equity capital and $25M in debt for equipment, factory build-out, and uranium procurement. Led by CEO Jordan Bramble, Antares is building compact nuclear microreactors to deliver energy where it's needed most: * remote military bases, * austere industrial sites, * and, one day, deep space and underwater missions. With operations in Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina, and a team of 60, Antares is working to demonstrate a low-power test reactor before July 4, 2026, and to test its electricity-producing demonstration unit in 2027. Production units will be deployed as early as 2028.

Antares, an advanced nuclear energy startup, has closed a $96 million Series B funding round led by Shine Capital. The round includes $71 million in new equity and $25 million in debt for equipment, factory build-out and uranium procurement. Participants include Alt Capital, Caffeinated, FiftyThree Stations, Industrious and other investors. The Washington-based company is developing nuclear microreactors. CEO Jordan Bramble said the capital will accelerate the company's mission to deliver its technology, though specific deployment timelines were not disclosed.