The Nuclear Company opens base in South Carolina
The company which is aiming to modernise US nuclear construction has completed its Series A funding round as well as announcing the opening of its primary engineering and construction office in Columbia, South Carolina.
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The Nuclear Company emerged from stealth mode in 2024, with plans to support the construction of new US nuclear capacity through its fleet-scale model combining proven, licensed technology and a "design-once, build-many" approach using standardised processes and scheduling to sequence work, minimise delays, and improve efficiency. It aims to leverage advanced construction and manufacturing methods alongside cutting-edge digital technologies, such as AI-driven site selection, real-time construction updates, and integrated supply chain logistics, to do this.
South Carolina, where it has chosen to site its engineering and construction office, already generates more than half of its power by nuclear and offers strategic advantages, including a robust energy infrastructure and leadership committed to nuclear's US resurgence, the company said.
South Carolina Governor Henry McMaster said attracting businesses like The Nuclear Company strengthens its economy, creates new opportunities for residents and reinforces its position as an energy innovation leader. "Reliable, affordable energy is essential for our future prosperity, and this investment marks another step toward securing a bright future for our state. As our population increases and technology advances, expanding nuclear power will be critical to meeting our energy needs," he said.
The Nuclear Company's now-completed Series A funding round, led by venture capital company Eclipse, included follow-on investments from all prior investors. Greg Reichow, a partner at Eclipse and a former executive at Tesla, has joined The Nuclear Company's board and said the USA's ability to scale nuclear power is "one of the most critical challenges of our time" that mirrors the industrialisation and rapid scaling that has been seen in sectors such as automotive and aerospace.
The rise of energy-hungry technology like AI and robotics "is why expanding the US portfolio of energy resources is crucial, and why Eclipse believes it's time to get serious about expanding nuclear power," Eclipse said on LinkedIn. "But over the last few decades, we've lost the infrastructure to build reactor components, and we don't have the construction protocols and labor force to do it quickly, safely, and affordably … The Nuclear Company is on a mission to change this, and Eclipse is proud to be leading the Series A to back this effort."
The Nuclear Company is evaluating sites to support a 6-gigawatt fleet of reactors.
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