May 20, 2025

Germany drops its anti-nuclear stance ()

Germany has dropped its long-held opposition to nuclear power, in the first concrete sign of rapprochement with France by Berlin’s new government led by conservative Chancellor Friedrich Merz. Berlin has signalled to Paris it will no longer block French efforts to ensure nuclear power is treated on par with renewable energy in EU legislation, according to French and German officials.

May 15, 2025

Belgium reverses plan to phase out nuclear and approves new construction ()

Belgium officially abandoned plans to phase out nuclear power, with its parliament voting to scrap a two-decade-old pledge, allowing for the construction of new reactors. Lawmakers in Brussels backed the new conservative-led government's plan to revive the country's nuclear industry with 102 votes in favor, eight against and 31 abstentions.

May 8, 2025

Canadian Utility Approves First Advanced Nuclear Build Project ()

GE Vernova Hitachi Nuclear Energy (GVH) announced today approval from the Province of Ontario and Ontario Power Generation (OPG) to proceed with deployment of the first small modular reactor (SMR) in the Western world at the Darlington nuclear site in Ontario, Canada. This milestone marks a significant step forward in advancing nuclear innovation and reinforces GVH’s leadership position in scaling SMRs commercially.

May 8, 2025

Help Mom go Nuclear on Mother’s Day

Nuclear is pretty in pink3

She wants what's best for you . . .

Mother polar bear with cubsMoms protect their children. For better or worse, she does what she thinks best, given her means. She sees to our needs, supports us when we struggle and helps us develop into self-reliant adults, often at great personal sacrifice.

But we are now at a critical junction in human history, perhaps one of the most crucial moments that will determine our trajectory. Our moms, for all their superpowers, may not fully recognize the new threat we face—because it is entirely invisible.

"GraphCO2, the waste emission created by our growing energy usage, is both colorless and odorless. Yet, it is impacting our future. Unlike with most types of toxic emissions that contribute to smog, moms can't see that the emissions from powering things we love—cars, boats, planes, televisions, computers, refridgerators, washing machines, phones, the Internet, websites and especially our homes—has filled our atmosphere with large molecules that serve to turn the heat up on the planet.

Can moms adapt to defending us from the risks posed by climate change?

Mother gooseFor eons, moms have been perfectly evolved to meet their primary job qualifications: to provide for her child's physical and psychological safety. For as long as we have had recorded history, moms' love has helped populations thrive. But things have changed dramatically. Humanity, empowered with technologies unimaginable mere decades ago, are causing profound changes to our climate and ecosystems for the worse. Weather patterns are changing. Days are hotter and there are more of them. Trees flower earlier in the season. There is less and less rain, more severe droughts and forest fires. Areas that could once be farmed, can no longer grow crops. Fish populations that fed millions have declined. Bees, bats and insects are disappearing. Hurricanes and tornadoes arrive more frequently and fiercely. How can moms defend their children from a heating planet and all of its related effects? The job of protecting children from these climate threats is not straight-forward and may seem quite impossible, yet there are important things moms can and should do.

Focus on root causes and support an effective energy transition.

Many moms are already concerned about climate and fighting back. She may be planting trees, using less paper, fussing to close lights and turning down the heat. She's also probably recycling, refusing plastic straws and plastic bags and composting. Moms with excess resources are likely donating to stem deforestation, habitat loss and species extinction. She may even opt to invest in ESG and impact-focused funds. While laudable, none of these activities directly target the cause of the problem and so are not a good use of moms' time, talents or resources.

Co2 emssions owidMom, like the rest of us, must focus on the root cause of climate change. Which is the CO2 emissions from humanity's collective burning of over 100 million gallons of oil per day, 25 million tons of coal and a comparable amount of natural gas each day. It is these daily energy choices that generate over 100 million tonnes of CO2 emissions waste daily and over 40 billion tonnes annually—an enormous amount that goes almost entirely into the atmosphere, which further heats the planet. This is the real problem and the only way to lessen the threat we're facing is to transition away from carbon-emitting fossil fuels to other types of energy that don't emit CO2.

Tripling nuclear pledge cop28The good news: Over 200 countries agreed that transitioning away from fossil fuels is a global imperative. In late 2023, world leaders met in Abu Dhabi, Dubai at COP 28 and specifically agreed on this. It won't surprise Mom at all that it took all 28 of these week-long annual "Conference of the Parties" gatherings to arrive at this generic agreement. It was every bit as difficult as getting a child to agree to clean up his room. But they got it done at last. Some thirty countries committed to triple the amount of nuclear they use. Others committed to increasing their wind and solar. As hard as it was to arrive at this agreement, there's still much disagreement over how to effect this transition and over what period of time.

The bad news: While there's been considerable progress building out wind and solar, these technologies haven't lived up to the hype that they can solve the problem. Everyone hoped they would and, yes, we love getting free energy from the sun and the wind. Sadly, the actual technologies required to capture and convert that natural energy into power are neither free nor efficient. In the "you get what you pay for" department, renewables are cheap but so unreliable that even where they've been fully built out, we still need to burn fossil fuels to meet the 24/7 level of energy demanded by customers. It turns out that our near constant energy demand doesn't pair well with highly intermittent sources like wind and solar. Adding them to the grid has increased costs to end users largely because of the need for significant further expenditures on peaker gas plants and large batteries to try to firm up their very low generation capacity.

What other clean energy options are there?

There aren't many, which is why we need better options. And we need them urgently. Among the options we have are hydro power, geothermal power and nuclear power. Hydro and geothermal power are currently limited to specific geographies, most of which areas are already fully exploited. Traditional grid-scale nuclear is pretty darn good (despite its reputation) but has historically come in a "one-size-fits-all" configuration that can cost billions and take a decade or more to build. Against this backdrop, there's more good news.

Our world in data energy graphic

Entrepreneurs are working to innovate to make nuclear power smaller, modular and safer. And, best of all, these new advanced designs are on the verge of being commercialized, so adding exciting new energy options that can directly replace smaller coal and gas plants. Meanwhile, they are rapidly becoming the most compelling medium-term solution to our energy problems. Just recently, Google, Amazon, Dow Chemical, Nucor and other large companies have begun to place orders for power from advanced nuclear because they see it as helping them meet both their energy growth and decarbonization goals.

Tech companies have but will Moms go Nuclear to protect their children?

Mothers for peaceFor most of our lives, our moms opposed nuclear power. They feared nuclear bombs and believed that nuclear power plants posed similar risks. The idea that a melt-down accident at a nuclear power plant could explode and contaminate huge swaths of land seemed like an existential threat that had moms everywhere up in arms. Accidents like Three Mile Island, Chernobyl and Fukushima seemed only to prove them right. Protesting moms did their thing and eventually succeeded in preventing new nuclear power plants from being built for most of the last 40 years. At the time, with their then limited understanding of the risks, this seemed like the right thing to do, so it is easy to understand the rationale. But was it?

Kennedy and weinbergNow, more than 40 years later, we actually have a much better understanding. And it turns out it was a huge mistake. Had the original plans developed by Presidents Eisenhower and, later, John F. Kennedy to build out a fleet of nuclear power plants to meet all US energy needs succeeded, we would not have a climate catastrophe on our hands. But, because of public opposition, nuclear grew only to be 20% of our electricity needs and then its growth was halted.

In its place, the fossil fuel industry was allowed to grow unchecked, vastly accelerating CO2 emissions and turning global warming into a full blown catastrophe. We've already seen 1.5 degrees C (2.7 degrees F) of confirmed warming and there much more to come, as more emissions are added to the existing molecular blanket trapping solar radiation and heating the planet. It is as bad for the health of our planet as it would be if your child had a fever of 102.7 that just continued rising.

While the worst impacts of our use of fossil fuels may still be a ways off, even the current level poses an existential risk to humanity. We are failing to meet our initial goal of reducing emissions by 50% by 2030, which is five years away and emissions have not declined at all. Not solving this problem by greatly reducing our level of emissions is causing tremendous psychological stress in younger generations. This is why moms everywhere need to act and fast. They need to show their children that they are doing what it takes, which requires thinking outside the box and being willing to do things we may not be comfortable with.

Next-generation nuclear is the disruptive, scalable solution we need.

Things seem bad right now. The Trump Administration is in denial about climate change and the very topic of climate change has become terribly polarized. Progressives want to end fossil fuel use but demand that we replace it with renewables, which clearly aren't up to the job. Conservatives are rightly worried about rising energy prices and energy reliability and love nuclear but they've shown little concern about addressing climate. While thsese differences cause political dysfunction, there is considerable bipartisan agreement about the need to accelerate advanced nuclear. Somehow, between climate doom and climate denial, both sides for vastly different reasons, agree on the importance of accelerating next-generation nuclear.

Gov newsom at diablo canyonThis bipartisan support is not new It started with the Obama Administration, which set the stage to support nuclear innovation. Thereafter, the first  Trump Administration signed several pieces of legislation passed by the Congress aimed at accelerating the commercialization of next-generation nuclear. Then, in the lead-up to the IRA, President Biden signed the Infrastructure Investment & Jobs Act, which set up the Civil Nuclear Credit Program, with funding to help prevent the premature closure of nuclear power plants. Governor Newsom used these funds to help save Diablo Canyon. The IRA provided further support for nuclear by levelling the playing field and allowing nuclear power to qualify for the same clean energy tax benefits that wind and solar could. Biden also signed the ADVANCE Act, which accelerates the commercialization of nuclear with a series of reforms of the Nuclear Regulatory Commission, its mission and its process.

In each instance, Congress supported efforts to accelerate the commercialization of next-generation with huge bipartisan majorities, and often just a few nay votes. This shows just how much attitudes have changed around nuclear energy, which has one of the lowest carbon intensities—so is a top solution to climate change—while at the same time, providing energy security, job creation and national security.  At the moment, although the Trump Administration has shown no interest in supporting climate goals, the DOE recently re-issued a $900 million funding solicitation left over from the Biden era for advanced nuclear. Nuclear energy is the middle ground we need to solve climate.

Mom will likely be thrilled to support a true climate solution

Screenshot 2025 05 12 at 8.35.06 amSupporting the growth of advanced nuclear energy is the ideal pathway for those seeking to solve climate change. Next-gen nuclear is already in demand by tech hyperscalers and others seeking clean and reliable sources of energy. The innovations underway are working to make these new designs safer, cheaper and easier to deploy. The whole nuclear industry is hard at work increasing capacity factors, improving materials, fabricating safer fuels, making operations more efficient and training workers. This makes it the perfect time to invest into these ventures, so that new designs can finally get to market and energy buyers can begin to displace fossil fuels.

Maddy Hilly, a pregnant mom, pictured standing next to nuclear waste

A pregnant Maddy Hilly standing next to a dry cask storage tank holding nuclear waste.

So, for Mother's Day, help your mother get caught up with nuclear's incomparable safety record. Explain the many amazing benefits of nuclear. Show her that nuclear helps reduce ecologic impacts and cleans the air. Clarify why concerns about nuclear waste are a political red herring, since nuclear's waste is already safely stored on site—as shown by Maddy Hilly at the INL—hurting no one and definitely not causing climate change, in stark contrast to fossil fuel waste, which pollutes the air, contributes to millions of premature deaths annually and causes our slow-moving global climate disaster.

Help your Mom go Nuclear on Mother's Day

Help mom become one of the growing numbers of women supporting nuclear. Introduce her to groups like Mothers for Nuclear, and show her how working mothers have launched pronuclear non-profits and permeated the nuclear industry because of their concerns about climate change. It doesn't take a mom to recognize that fossil fuels are well past their "Sell by" dates and need to go! But before that transition can happen, there has to be a much better way to generate reliable energy. That's next-generation nuclear power and why it is so important to get these technologies to market as fast as possible.

Mom will appreciate learning about next-gen nuclear and the many ways that she can help, whether by joining or supporting an organization like Mothers for Nuclear, investing into this sector and funding the companies developing innovative solutions or just by talking to her friends about nuclear power—it will all help. Almost nothing else she can do will be as effective at the global scale. But helping next-generation nuclear succeed can have a direct future impact on reducing carbon emissions.

She already loves you forever. You can now help her do her job to protect your future.

 


 

Happy Mother's Day from the Nucleation team!

Elizabeth in vestThank you for reading this. Love of our children and deep appreciation of what nuclear offers humanity is why we have worked to build the first venture fund that invest in advanced nuclear and deep decarbonization innovations. Nucleation's Fund I is in its fourth year and still accepting new accredited investors every quarter. We have made it easy and affordable. If you or your mom subscribe between Mother's Day and May 30th, 2025 and reference this Mother's Day post, we will send you your choice of a Nucleation Capital T-shirt, vest or baseball cap. Learn more and subscribe here.

April 30, 2025

POWER SURGE: Report on this one-day conference

Power surge conference

An important conversation hosted by Doon Insights

Doon Insights, an investment-focused group organized by Howard Chao, convened dozens of subject-matter experts as speakers (see the list below) across many disciplines in Santa Cruz, California to address trends and issues impacting demand for and supply of energy in the coming years and decades. Energy, which is what makes today's technologically-dependent society possible, is a very large and important topic and was a lot to cover. But in an ambitious, rapid-paced one-day conference titled "POWER SURGE: Solving for Unprecedented Energy Demand," dozens of people laid out the fundamentals and discussed the key questions around both what is driving demand and how will we meet that demand. Questions tackled included:

The demand side    Demand Side

  • Why projections for US power needs now greatly exceed what would have been predicted only a couple of year ago
  • Why the exceptional needs of AI Data Centers and the electrification of diverse parts of the economy are driving energy demand
  • What are the challenges of building, financing and operating new data centers? 
  • How much more power will these new facilities require? Where will they be located and what is the attitude of utilities, state and federal government towards supporting them?  
  • How will the rapidly changing AI competitive landscape affect these power projections? Does the advent of very cheap, highly efficient, smaller SLMs, open source models and Chinese competitors mean that investors have overestimated the need for huge data centers?  
  • How will the electrification of vehicles, buildings, industry and transactions (blockchain and cryptocurrencies) further accelerate and add significant incremental power demand?
  • What are the primary challenges to meeting these power demands of these expanding use cases in the coming years and what will be the main challenges to implementation, including the need to expand the transmission capabilities of the grid?
  • Will the new administration's renewed emphasis on fossil fuels result in a slowdown in electrification? 
  • What will be the impact of the tariffs on the buildout of all these projects?
  • How will the new administration's energy policies impact all of these areas? Will we be able to unleash power generation sufficient to sustain the foreseeable economic growth while also continuing to reduce carbon emissions?

"The Nuclear Option" panel title displayed on the big screen.      Supply Side

  • What are the near and longer-term challenges and solutions to the surge in power demand?
  • Will growing renewables and batteries be sufficient?
  • Will fossil fuels experience a resurgence, with all that drilling?
  • Will the sexiest and biggest solutions—nuclear fission and fusion—be coming on stream faster than most people believe?
  • What are the short, medium and long-term prospects for these new technologies?
  • Will the "privatization" of nuclear innovation and the prevalence of an industry being led by fast-moving private companies, pleasantly surprise us with their speed to market?
  • What will be the near-term and longer-term mix of energy solutions?
  • How will a patchwork of revamped legacy technologies, including fuel cells, wind, solar, distributed generation, energy storage, energy time-of-use shifting and other behind-the-meter solutions help in the short-term? 
  • How are advancements in small modular nuclear reactors (SMRs), which offer enhanced safety features, reduced construction times, and the flexibility to be deployed in diverse locations, going to contribute?  
  • Given that major technology companies like Google and Amazon are investing in SMRs to power their expansive data centers, how will this accelerate commercialization?
  • Fusion energy—which is experiencing a wave of breakthroughs, with multiple companies and research initiatives racing to develop and commercialize multiple technologies, such as high-temperature superconductors, improved plasma confinement techniques, and novel neutron flux applications—is beginning to generate revenues but has yet to complete a power-generating reactor design. Will the new administration help accelerate progress towards practical fusion power with pilot plants within the decade or is this game-changing technology still decades away?

The Nuclear Option

Screenshot 2025 05 04 at 8.23.42 amValerie Gardner, Nucleation's managing partner, moderated the day's fission panel, called "The Nuclear Option: Generation IV and Small Modular Reactors," which looked at the role of fission innovation and the coming wave of small, modular reactors (SMRs), that were poised to bring nuclear power into the 21st century. She and her panelists, Leah Crider from Westinghouse (seated on the left), representing the eVinci design, and Clayton Scott from NuScale Power (in the center), which has the first NRC-certified advanced fission design, discussed how and why next-generation nuclear will be the ideal clean energy solution that few think is possible.

While the Fission panel had a full 45 minutes (and probably went over-time) to cover a lot of ground, including reviewing nuclear's status as a major source of today's clean energy, the fact that nuclear is turning into a "technology" product that can be manufactured in factories and shipped to locations, and how a growing assortment of energy buyers like Google, Amazon and Dow Chemical see advanced nuclear as solving their energy needs better than other solutions, because the subject matter was so expansive, Valerie and her panel were able to cover many but definitely not all of the important points. Nevertheless, the fact that this conference's supply-side conversation included nuclear fission at all was a huge victory. This inclusion reflects the fact that nuclear energy is no longer seen as the taboo topic it was long deemed to be, at least up until the last couple of years. For too long, nuclear fission was excluded and no one considered it a vital part of the clean energy solution set. But times have changed and especially among investors looking to understand key long-term trends and be able to invest into them at an early stage.

According to Howard Chao, each panel of the conference, by design, was too short, leaving a lot of unfinished conversations. Nucleation Capital was honored to have been included in this discussion and we look forward to continuing to see interest in advanced nuclear broaden.

POWER SURGE: List of Speakers

Ps speakers 1
Ps speakers 2Ps speakers 3Ps speakers 4

 

 

 

April 26, 2025

Radiant Selected by DOE to receive HALEU Fuel for Reactor Test ()

Radiant, a Nucleation portfolio company working to mass produce portable nuclear microreactors, was selected by the Department of Energy to receive an allocation of HALEU fuel for its first test of Kaleidos, the group’s reactor design.

March 25, 2025

POWER SURGE: Solving for Unprecedented Energy Demand

Announcing a Doon Insights Workshop

Power surge

Registration link for the Power Surge Conference

Doon Insights, hosted by Howard Chao, is convening dozens of experts to address trends and discuss issues impacting demand for and supply of energy in the coming years and decades. This one-day conference is being held on April 30th, 2025 in Santa Cruz, at the Boardwalk's Cocoanut Grove Resort.  This is Doon Insights first energy-focused workshop, so the event will bring investors up to speed on the topic of energy and how we will meet that demand. It is not too late to register to attend. The conference is titled "POWER SURGE: Solving for Unprecedented Energy Demand."

Ray Rothrock, renowned venture capitalist and Nucleation Capital advisor, will give a keynote talk about the solutions to the demand surge in conversation with Howard Chao. Valerie Gardner, Nucleation Capital's managing partner, is moderating an afternoon panel on Long Term Supply Side Solutions from Nuclear Fission: Specifically Gen IV and Small Modular Reactors. Following that, Matt Trevithick of Leitmotif Ventures, will moderate a panel on Fusion.  For the complete event overview and agenda, see thePOWER SURGE website.

Official Event Description

Doon Insights is pleased to announce our Power Surge Workshop: Solving for Unprecedented Energy Demand!

Our Power Surge Workshop will convene an exclusive gathering of industry leaders, investors, technologists, and innovators to explore one of the most pressing challenges of our time: meeting the surging demand for energy in a scalable and sustainable way.

As data centers, the electrification of everything, crypto mining, and other emerging energy-intensive applications create an unprecedented spike in demand, the energy sector is facing a pivotal moment. This perfect storm of demand must be addressed with both more conventional power generation, better power management and revolutionary new technologies.

Why Attend?

This Workshop is a must-attend event for energy innovators, investors, technologists, energy, manufacturing, mobility and other energy industry executives. Engage in in-depth discussions, network with industry leaders, and discover actionable insights into our energy future. And enjoy the beach and mountains of Santa Cruz!

Event Details:

Date:April 30, 2025 - 8 am

Location:The Boardwalk's Classic Cocoanut Grove Ballroom, 400 Beach Street, Santa Cruz, CA (Workshop); Bonny Doon, CA (Reception and Dinner)

Join us to explore the technologies, strategies, and collaborations that will define the next generation of energy systems. Secure your spot today!

Very much looking forward to seeing everyone in Santa Cruz!

March 19, 2025

Benefits of Nuclear

Nucleation’s listing of the notable benefits of nuclear power in helping secure and stabilize the world’s energy supplies in a zero-emission economy, while posing the least amount of ecologic impact, cost and materials burden.

March 15, 2025

Germany to Reevaluate Nuclear Phase-Out and Build More Nuclear ()

Read moreFriedrich Merz, head of the newly elected winning German coalition, proposes a fundamental shift in energy policy by rethinking Germany's nuclear approach and initiating a major expansion of thermal energy facilities.

February 28, 2025

Nordic partnership explores deployment of Blykalla SMR in Scandinavia ()

Swedish nuclear energy company Blykalla, a Nucleation portfolio company, and Norway’s Norsk Kjernekraft have signed a memorandum of understanding (MOU) to collaborate on the possible deployment of Blykalla’s SEALER reactor design in Scandinavia.

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