Radiant Industries Inc., a pioneering startup developing portable, mass-produced nuclear microreactors, said Wednesday it has raised more than $300 million in a late-stage funding round. Draper Associates and Boost VC led the Series D round, and additional existing investors also joined the company’s newest capital raise, coming six months after its Series C. As artificial intelligence continues to drive ever-increasing demand for power generation, data centers and large campuses are drawing on a broader mix of energy sources. Nuclear reactors offer a distinct advantage: They are always-on systems, meaning that even if the local power grid fails, they continue producing energy. This makes them an alternative to expensive diesel backup generators. “Micro-scaled nuclear, mass produced for the first time ever, can transform how the public thinks about nuclear energy,” said Radiant founder and Chief Executive Doug Bernauer. When Radiant says “micro-scaled,” the company is referring to semi-trailer-truck-sized reactors. Though the scaffolding and housing may appear large, they’re extremely small when compared with traditional nuclear facilities. The reactors themselves are factory-built and readily transportable, making them mobile enough to be hauled wherever power is needed. “This funding enables us to build our factory and keep to our DOME schedule, where we will achieve self-sustained chain reaction on a reactor designed by, built by, fueled by and operated by Radiant alongside our partners at the Idaho National Lab,” Bernauer added.

Full report : US microreactor developer Radiant Industries has raised more than $300m (€254m) in a new round of funding.

For more see the OODA Company Profile on Radiant Industries.