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recognizing that no one can take the time to review all of these articles—many of which contain information long superceded by new development, Nucleation's summer intern, Nick Noerdlinger, used AI to build a structured learning zone derived from the over 30 years of posts and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.

Published by Nucleation Capital in Advanced Nuclear, Energy transition, Fission, Fusion, Future of Energy, Global emissions, NEWS, Nuclear competitiveness, Nuclear financing, Nuclear innovation, Nuclear Regulatory Commission, Nuclear waste, Nuclear-inclusive energy policy, Nucleation communications, Radiation & LNT Rules, Solving climate, TOOLS, Zero emission energy

October 23, 2024

Nucleation’s Three Year Overview

Nucleation Capital Completes its Third Year!

Issues a report on the growing demand, the status of Nucleation Fund I, plans for Fund II and portfolio updates

Nucleation issued its Three Year Report to all Limited Partners (LPs) of the fund in mid-October, following the completion of three full years of investing at the end of Q2-2024.

The report covered the state of the current market, with the recent slate of high-profile power purchase announcements, a review of recent major nuclear purchase announcements by major technology companies, as well as a run-down of key events of the prior three years heralding the current inflection point in the market. Additionally, Nucleation provided its assessment of what is coming down the pipeline for investors in both energy and carbon management demand.

The report further shared more details about Nucleation’s plans and strategies for its three year-old evergreen Fund I and for its upcoming, traditional Fund II. Lastly, Nucleation provided detailed and confidential updates on the progress made and current status of each of its twelve Fund I portfolio ventures.

REQUEST A COPY

If you are interested in learning more about either Fund I, our low-cost evergreen fund, now in its fourth year, or our upcoming traditional Fund II, click here to request a copy of our Three Year Report Overview.

Published by Nuclea_Admin in NEWS, Nuclear competitiveness, Nuclear financing, Nuclear innovation, Nucleation communications

September 18, 2023

Nucleation’s first two years

Nucleation Capital completed its second full year as a fund at the end of June, 2023. During these eight quarters, we made ten investments and built a portfolio that showcases how we define our thesis. This then begins to answer the question that many people have: How does a nuclear-focused climate venture fund invest into this sector? The answer is presented in the Two Year Report which we have posted below. We have now commenced our third year and, as an "evergreen" fund, we are continuing to raise capital and welcome new investors. If you are an accredited or qualified investor and interested in getting an allocation in our ongoing investments, please let us know.

(Click the image to download Nucleation's Two Year Report)

Published by Valerie Gardner in Advanced Nuclear, Asset manager support, Capital reallocation, Climate innovation fund, Fund sustainability, Future of Energy, Investor activity, NEWS, Nuclear competitiveness, Nuclear financing, Nuclear innovation, Nucleation communications, US competitiveness, Venture capital support for nuclear

December 12, 2021

Advanced Nuclear Firsts

Oklo is very well-known within the Advanced Nuclear world as one of the leading ventures among those developing 4th Generation reactors. Oklo made history in 2020 with their submission and the NRCs acceptance of their combined license application for the stunning Aurora powerhouse design. Oklo was approved for a site use permit at the Idaho National Laboratory to build their first unit. They made further history when they secured approval to use nuclear waste as fuel from the DOE.

Meanwhile, Oklo has seen its profile raised, and that of its founders, Jake DeWitte and Caroline Cochran, two brilliant and charismatic young leaders, who have shaken things up in the industry by doing hard things not just in a smarter way and also in a bold way, revealing both keen business accumen but also a fresh new face for nuclear energy. (Full disclosure: both Rod and Valerie met Jake and Caroline many years ago, have followed their progress and remain connected, as Jake serves as an advisor to Nucleation Capital.)

Since Oklo succeeded in raising its seed round through Y Combinator and then a Series A from a group of venture investors, we have watched them develop along the pathway followed by most all of Silicon Valley's rising tech ventures. We've been duly impressed with their vision, the inspiring design of the Aurora powerhouse, their commitment to diversity and inclusion, as well as the playful and stylish brand that they've built for Oklo. Importantly, they keep showing up and sharing their time and energy with the broader climate and energy communities.

If you've been paying any attention at all, you are likely to have heard Caroline and/or Jake speak and present at a wide array of events, Clubhouse chats, Facebook events, TED talks, or speaking on CNBC or at nuclear industry events about their aspirations and the future of nuclear. They have worked hard to set the stage for the public to know about Oklo, be inspired by their vision, recognize how nuclear fits into a clean energy future and even follow their expert work defining new protocols for the NRC to build a foundation for Gen IV nuclear's success.

In this way, Oklo is redefining nuclear and is, itself, a “first of a kind” (FOAK) advanced nuclear venture that is on a trajectory to change the face of energy. Even before their first-of-a-kind 4th Gen application to the NRC gets approved—which could be as early as 2023—Oklo has broken barriers, set a high bar, and changed the face of the nuclear industry. Oklo's spare team has fulfilled many of the necessary steps towards the achievement of its ambitious plans, and, in the process, has attracted serious venture capital interest.

All of which has confirmed our excitement about investing in advanced nuclear ventures and the sector more broadly. If you are an accredited investor (an SEC requirement), you may express your interest in learning more by completing this form and we’ll send you more information.

Published by Nucleation Capital in Brilliant thinkers, Investor activity, LINKS