Aalo Atomics, a nuclear technology company based in the United States, has successfully raised $100 million in a Series B funding round. The funds will be directed towards the construction of the company’s first nuclear power plant, designed to address the increasing energy requirements stemming from artificial intelligence advancements. Established in 2023 and headquartered in Texas, Aalo Atomics is committed to accelerating the adoption of nuclear power as a sustainable and resource-efficient energy source, catering to both AI and broader global energy demands.
The company’s reactors are characterised by a modular design allowing for quick on-site assembly, the use of metallic liquid sodium coolant for enhanced energy output, and low-pressure systems that simplify safety measures. This combination supports the deployment of co-located reactor fleets capable of efficiently powering industrial operations or data centres.
The recent funding will facilitate the development of Aalo’s first full-scale nuclear power plant, named Aalo-X, which is scheduled to achieve zero-power criticality next year. The plant will not only produce electricity but also host an experimental data centre, marking a pioneering co-location effort in the United States.
Aalo Atomics is focused on mass-manufacturing reactors in factories for fleet deployment, ensuring quick installation, minimal land and water usage, and environmental cleanliness. Within two years, the company has established a 40,000-square-foot pilot factory and developed a full-scale non-nuclear prototype. Initially, Aalo intends to supply the data centre market, with plans to expand into municipal utilities, desalination, and industrial process heating sectors.
Matt Loszak, CEO and co-founder of Aalo Atomics, stated, “The world needs as much nuclear energy as we can get, as soon as we can get it. Not only because it’s the best way to power the acceleration of AI, but also because as costs come down, it will be the most sustainable and resource-efficient way to power almost everything.”
The financing round was led by Valor Equity Partners, with additional investments from Fine Structure Ventures, Hitachi Ventures, Crosscut, NRG Energy, Vamos Ventures, Tishman Speyer, Kindred Ventures, 50Y, Harpoon Ventures, Crescent Enterprises, Alumni Ventures, MCJ, Gaingels, Perpetual VC, and Nucleation Capital.
