May 14, 2026

Deep Isolation’s S-1 approved by SEC, preparing to trade

Nucleation portfolio company, Deep Isolation Nuclear, announced the registration of its S-1 by SEC as of May 8th, which will finally allow the company's shares to commence trading.

This news was shared by the company along with a number of other updates during what became the company's first investor call as a public company on May 14, 2026.

We are pleased to share that, after an extended delay, the SEC has finally declared Deep Isolation's registration statement effective, which allows the company to achieve initial liquidity. The company is now working with the OTC Markets Group to arrange for the company's common stock to be traded on the OTCQB (Quebec) exchange. We will be sending out a notification regarding this liquidity event to appropriate LPs in the coming days.

Among the highlights shared by the company for the first quarter of 2026 were:

  • The launch of the company's non-radiactive, full-scale, at depth demonstration project at the Halliburton Drilling Technology facility near Cameron, Texas.
  • Selection into ARPA-e’s SCALEUP Ready program, providing up to $20 million to accelerate market adoption of Deep Isolation’s deep borehole waste disposal technology and the first time a company in the nuclear industry has been selected to participate.
  • The appointments of a General Counsel, a Chief Financial Officer, a new Board Director and new Advisor.
  • Revenue of $1.4 million, a net loss of $5.4 million for the quarter, with 3/31/26 cash remaining of $22 million.

Please read more at the company's press release "Deep Isolation Nuclear, Inc. Reports Operational and Financial Results for the first quarter of 2026."

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.

March 26, 2026

NRC Unveils Final Part 53

At long last, the Nuclear Regulatory Commission has finalized its new regulatory framework for advanced reactors that are designed to  accelerate regulatory reviews by simplifying and tailoring the review and safety burdens to the specific types of reactor being reviewed, which is why the regulation is titled “Risk-Informed, Technology-Inclusive Regulatory Framework for Advanced Reactors.”

The Nuclear Energy Innovation and Modernization Act (NEIMA), signed in 2019 formally directed the NRC to develop the new, technology-inclusive regulatory approach, since prior to this time, only light water reactors have been licensed by the NRC. The resulting rule—10 CFR Part 53—brings an updated, modernized approach to regulatory and, hence, safety reviews for next generation reactors and industry participants.

Newly appointed NRC Chairman, Ho Nieh, said “This is really a historic milestone. With the addition of Part 53 to Part 50 and 52—and I believe some of you know that we’re working on a microreactor licensing framework—America now has many options available to applicants and licensees that want to pursue the development and deployment of new nuclear technologies.” This final rule from the NRC action is intended to provide a clear risk-informed, technology-inclusive licensing framework that enables advanced nuclear designs to move from concept to construction more rapidly and safely.

Part 53’s shift from a technology-specific to a technology-neutral approach to reactor licensing is intended to address a long-standing issue in regulatory frameworks that were developed specifically for light water reactor technology. Licensing reactors that do not use LWR technology has required applicants to seeking regulatory exemptions to many burdensome prescriptive requirements, leading to a cumbersome licensing process.

“Part 53 offers a comprehensive new approach to license advanced reactors, including non-light-water reactors, across their life cycles,” according to the NRC release. “It provides designers and operators with more flexibility in how they build and run their plants while continuing to ensure safety.”

This week’s announcement comes more than a year after the NRC first published their Part 53 proposed rule, which was widely viewed as not being the solution the industry was looking for. Some 158 public comments were accepted including from Westinghouse, The Breakthrough Institute, the Nuclear Energy Institute, the Idaho National Laboratory and many others. Apparently, the newly revised rule incorporated many of the changes requested by commenters and eliminated sections of the rule that some parties deemed unusable.  Nieh said the final version of Part 53 addresses many of the complaints and comments he and the NRC heard regarding earlier versions of the rule. “I do believe this framework does provide the appropriate flexibility and risk-informed approaches that will make it a usable tool among the other options that are already available,” said Nieh.

According to Acting Deputy Office Director for New Reactors Jeremy Bowen,  Part 53 could enable reactor designs to receive approval in 18 months or less. The cost of the application could be reduced by half or more, given the shorter review and the added flexibility of Part 53. A 2023 analyses of the earlier draft regulation estimated the net averted costs to the industry and the agency for just one applicant could range from $53.6 million to $68.2 million, which may be bigger under the updated final rule.

History: Part 53 is the first new reactor licensing framework issued by the NRC since 1989, when the agency introduced Part 52. NRC officials added that it is the first major update to reactor licensing standards since 1956, when the Atomic Energy Commission (the NRC’s predecessor) issued Part 50. The final rule’s has been long awaited by the industry but, even with the five year time frame that it took, was issued ahead of the 2027 deadline ordered by NEIMA. Today's rules will hopefully update rules that were put in place many, many decades ago that were being used to license the first wave of nuclear reactors built in the United States in the ’60s and ’70s. Said Ho, "We did not know as much about the technology [then] that we know today, where we [did] not have the sophistication and analytical tools to evaluate safety cases that we have today. . . . To me, I see this as removing the friction in legacy frameworks that are no longer needed today.”

According to the NRC website, the Part 53 final rule will be published on April 3, and the rule will go into effect 30 days after it appears in the Federal Register. As part of the posting, the NRC will publish nine additional guidance documents, with additional guidance to follow.

References

ANS, NRC unveils Part 53 Final Rule, March 26, 2026

March 21, 2026

Aalo Completes Assembly of its Aalo-X Test Reactor ()

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...

March 20, 2026

DOE Expects Up to Four Reactors to Reach Criticality by July 2026 ()

DOE officials told a Senate committee that three to four reactors under the accelerated pilot program could reach criticality by July 4, 2026, with developers including Nucleation's Aalo and Radiant among those advancing through key safety and construction milestones...

March 7, 2026

DOE Approves Preliminary Safety Analysis for Aalo Atomics Demonstration Reactor ()

Aalo Atomics has become the second company in Nucleation’s portfolio to receive approval from the U.S. Department of Energy for the preliminary safety analysis of its reactor demonstration, marking a key regulatory milestone under DOE’s accelerated Reactor Pilot Program ahead of a targeted 2026 criticality...

March 3, 2026

Aalo Secures Fuel Fabrication Contract with Global Nuclear Fuel ()

Aalo Atomics has signed a fuel fabrication contract with Global Nuclear Fuel, a GE Vernova-led alliance with Hitachi, to supply low-enriched uranium fuel rods for the Aalo-X reactor ahead of its targeted 2026 criticality at Idaho National Laboratory...

February 23, 2026

INL and NVIDIA Partner to Advance AI-Driven Nuclear Deployment ()

Idaho National Laboratory is partnering with NVIDIA as part of the DOE-backed Genesis Mission to integrate AI and accelerated computing into reactor design, licensing, and operations, leveraging national supercomputing infrastructure to support digital twins, advanced simulation, and deployment acceleration...

© 2026 Nucleation Capital | Terms & Policies

linkedin, for social media footer
X-logo, for social media footer
Nucleation transparent