July 14, 2026

~90% chance of a record-setting El Nino

The Strongest El Niño Ever

According to Dr. Zeke Hausfather, one of the world's leading climate scientists, based on the data we have so far and the analysis of that data by some 667 scientists evaluating global temperatures through some 14 different forecast models, not only is this year's El Niño likely to be the strongest ever recorded, it may even be the strongest by a truly "mind-blowing margins."

After all the scientists submit their models' estimates for what may happen during this year's El Niño event, the "multi-model" median stands at 3.6C, which is roughly 0.8C hotter than the prior world record of 2.75C. Previously, the largest jump up was only 0.5C.  Thus, the models are, collectively, predicting weather outside of the bounds of anything previously ever observed with global temperatures. Which means that we are headed into entirely unknown territory as a planet, that even the scientists who have been watching the global temperature trends worsening for years and decade, have never seen in their lives.

What Dr. Hausfather finds remarkable is not just the magnitude of the projected heat level but also the trajectory of how quickly it is developing.  What scientists are seeing in how 2026 global temperatures are progressing, as we enter the northern hemisphere's summer months, is that there is an explosive El Niño onset happening. As unusual as the present trajectory is towards El Niño intensity, in fact the 14 different models have unusually strong model prediction agreement. Given this, the models yield a ~91% chance of a record peak in the El Niño that make it highly likely to be the strongest El Niño ever observed.

This is all still a prediction but the patterns reported by the model are extremely disturbing and the signature of a climate pattern that is not good for humanity or the planet. We definitely need to be more organized around marshalling our response and preparing for a world with record high heat that impacts not just air temperature but also ocean warming.  We can't respond fast enough to this threat and we are clearly going to miss the world's ambition to reduce emissions by 50% by 2030.  But, even with our abject failure to meet our 2030 goals, the good news is that we might be able to meet our 2050 goals, if we can continue our current commercialization progress for next-generation nuclear, that can compete and win against fossil fuels.


References:

The Climate Brink, The Strongest El Niño Ever, by Dr. Zeke Hausfather, July 13, 2026.

July 12, 2026

Introducing Nucleation’s New Tools

Hey all,

We are very pleased to introduce a set of new tools for investors, founders and those trying to get up to speed on nuclear power. You can find these tools on our website at tools.nucleationcapital.com, an area that we plan to expand.


AI through an AI filter

Topping our list of exciting new tools is an Atomic Insights-inspired learning zone. As you probably know, Rod Adams, who is a Managing Partner of Nucleation, has been hosting Atomic Insights since 1995, where he has been writing about, talking about, debating with and challenging the nuclear industry to improve both its own processes and the public's understanding of nuclear energy for over thirty years.

Atomic Insights actually started as a printed newsletter that Rod physically printed and mailed to subscribers. He has also been an active and probing participant in nearly all key industry gatherings and conferences for many decades, where he has brought the discussion of key issues to members of the industry directly. Eventually, with the inspired assistance of Sama Bilbao y Leon, then a student and young associate of Rod's, Nucleation Insights was brought online and transformed into a blog, simplifying Rod's ability to publish his articles and engage audiences, which has enabled them to grow considerably.

Atomic Insights now contains over 3,600 posts, over 360 podcast interviews and nearly 60,000 comments. This summer, recognizing that no one can take the time to review all of these articles—many of which contain information long superceded by new development, Nucleation's summer intern, Nick Noerdlinger, used AI to build a structured learning zone derived from the over 30 years of posts and podcasts contained by Atomic Insights and The Atomic Show. Users can take one of three curated routes through the material, as a Curious Layperson, a Policy & Investor,  or a Technical Deep-Dive. The site identifies content that is Fact/Science. Contested, or Opinion/Value statements. It is also possible to explore by ten different topic themes to follow your own curiousity with Dynamic FAQs. We hope you enjoy exploring this new learning tool.


K-1 Condenser

Nucleation Capital is pleased to provide our LPs with a new tool for condensing the very large K-1 reports issued by our fund custodian, Angellist Ventures. The condensed version of the K-1 retains all of the key information from the federal and state k-1s and the footnotes but eliminates certain non-critical detail pages. A 180 page k-1 from Angellist can be condensed down to 20 pages, simplifying the tax accounting. We recommend that you generate a condensed verion of your K-1 using this tool but also send the original K-1 pdf and csv files to your accountant.


 

Non-Dilutive Capital Database

Nucleation Capital is pleased to provide our founders and other entrepreneurs with access to Cap Stack Compass' community map of non-dilutive funding sources, for when equity is not the right funding vehicle.  The Cap Stack Compass community has created an AI-powered discovery database that covers over 300 lenders, foundations, family offices and other alternative capital providers which have capital available for climate-focused ventures.


 

July 4, 2026

Aalo Atomics achieves criticality at INL

Aalo Atomics became the fourth company to achieve criticality with their advanced, Gen IV microreactor by July 4th, under Executive Order 14301 propelling the advanced nuclear sector towards commercializatio.

June 30, 2026

Deployable Energy achieves criticality at INL

Deployable Energy became the third company to achieve criticality with their 1-MW Gen IV microreactor prior to July 4th, under the Executive Order directives propelling the sector towards commercializatio.

June 25, 2026

History in the Making in Idaho

Aalo Atomics has completed assembly of its Aalo-X Critical Test Reactor at Idaho National Laboratory, with fuel delivery imminent and final DOE approval pending, and expects to achieve criticality within weeks, ahead of the July 4 deadline this summer...

June 23, 2026

Witnessing Atomic History in the Making at the INL

If you've been focused for most of your career on seeing the nuclear industry modernize and introduce a multitude of improved products and services to expand the use of nuclear power around the world, then you'd absolutely choose to camp out in Idaho Falls for the next couple of weeks as nearly a dozen companies race towards achieving criticality with their reactors.

Which is why Rod Adams, Nucleation's managing partner for the last five years and host of Atomic Insights & The Atomic Show for just over thirty years, arrives in Idaho Falls this week to watch nuclear history being made.

Here are now a few pictures from his arrival and participation in the hosted tours being provided by the INL. Rod already has a pretty packed schedule but if you are going to be in Idaho Falls and want to connect with Rod, please use this form and we'll make sure you can reach Rod.

 

 

May 5, 2026

Blue Energy Raises $380M, forms partnership with GE Vernova

Blue Energy and GE Vernova have formed a strategic collaboration to advance the world’s first gas-plus-nuclear power plant. The two companies intend to design and develop a power plant using GE Vernova Hitachi Nuclear Energy's BWRX-300 small modular reactors and combine that with GE Vernova gas turbines to meet as much as 2.5 gigawatts of electricity demands as quickly as possible, in order to provide power to a client's AI data center. This includes a signed slot reservation agreement for delivery to the Texas site of two GE Vernova 7HA.02 gas turbines in 2029 for “early site energization.” With turbines one of the long-lead time gating items for new power plants, this delivery timeframe is a win for Blue Energy's plans.

Blue Energy has been developing an approach to accelerate deployment of new nuclear power plants by trimming at least five years off the conventional nuclear timeline and slashing time to power to 48 months or less with a natural gas bridge to gigawatts of nuclear power. At the end of last year, the Nuclear Regulatory Commission approved the company’s licensing topical report on its approach to “resequencing” the phases of nuclear plant construction. Under its model, Blue Energy separates construction of the nuclear and non-nuclear portions of the plant, beginning with off-site fabrication and on-site installation of the non-nuclear, “non-safety-significant” infrastructure. This approach enables fabrication and site energization to begin while the nuclear components continue through their licensing and construction phases.

In late April, 2026, Blue Energy close on a staggering $380 Million Series B which will help it advanced its rapid-progress style approach to nuclear plant development. This fundraise was led by VXI Capital, signaling what may be a whole new chapter in the growth of American nuclear power, with additional backing from prior venture investors, including Engine Ventures, At One Ventures and Tamarack Global.

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