Aalo Atomics Raises $100M to Build a Microreactor and Data Center Together
Nuclear startups are capturing attention from investors and Big Tech alike. Aalo Atomics raises $100M to build a microreactor and data center together, marking a major step in combining nuclear power with high-tech infrastructure. The Series B funding will accelerate the company’s plans to launch its first reactor by summer 2026.
Image Credits:Aalo Atomics
The facility will be located on the Idaho National Laboratory campus, where Aalo has deep ties. CEO Matt Loszak confirmed the ambitious timeline in a LinkedIn post, signaling strong confidence in the project’s progress.
From DOE Lab to Startup Innovation
Aalo, not to be confused with a furniture brand, has roots in the Department of Energy’s lab. The lab developed and open-sourced a small modular reactor design called Marvel, which inspired Aalo’s prototype. CTO Yasir Arafat, who led Marvel’s design, brought his expertise to Aalo, helping the company innovate on both efficiency and scalability.
Support from the Idaho National Lab under an Obama-era program helped Aalo accelerate its nuclear development efforts, making this project one of the more promising nuclear startup endeavors in recent years.
Series B Funding and Key Investors
The $100 million Series B round was led by Valor Equity Partners, with backing from notable investors like 50Y, Alumni Ventures, Crescent Enterprises, Crosscut, Fine Structure Ventures, Gaingels, Harpoon Ventures, Hitachi Ventures, Kindred Ventures, MCJ, NRG Energy, Nucleation Capital, Perpetual VC, Tishman Speyer, and VamosVentures.
This influx of capital positions Aalo to challenge traditional nuclear timelines, which are often plagued by delays and high costs.
Scaling Nuclear Power with Innovation
Aalo plans to build “Aalo Pod” power plants, each combining five Aalo-1 reactors to generate 50 megawatts of electricity through a single turbine. The company is betting on economies of scale to cut costs and construction times, potentially reshaping the way nuclear energy is deployed.
Additionally, the Aalo-X prototype will feature an “experimental” data center next to the reactor. While it may sound like a marketing angle, it underscores Aalo’s vision of co-locating clean energy with high-demand infrastructure.
Affordable Energy Goals
Ultimately, Aalo aims to deliver electricity at just 3 cents per kilowatt-hour. If achieved, this would make nuclear competitive with modern natural gas plants and solar farms, offering a potential breakthrough in cost-effective, clean energy.
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