Standard Nuclear emerges from the ashes of a failed startup

The standard nuclear was founded by $ 42 million for the advanced nuclear fuel on Wednesday.

With the exception of a standard nuclear, it is not a completely new company. On the contrary, $ 28 million was built on the assets purchased at the auction after bankruptcy of Ultra-Safe Nuclear Corporation (USNC). The new company has worked as a vice-president in CEO, Kurt Terrani, USNC.

Financing Tour Andreessen Horowitz, cross capital, Fundomo and Washington were conducted with a decisive point with the participation of the Port partners.

Standard Nuclear, $ 100 million in non-intestinal fuel sales for 2027, other USNC assets and other USNC assets are working with customers, including other USNC assets, said. In a statement to Techcrunch, the standard nuclear bankruptcy procession admitted that his schedule “accelerates the beginning,” he said.

USNC has tried to type a nuclear fuel known as Triso, a uranium fuel pellet covered in the layers of carbon and ceramic-based materials. Poppy Seed-sized particles are considered more durable to melting and can be downloaded to larger areas or cylinders.

Triso is an old idea – since the 1950s, the fuel is not widely used today. Can change as a few beginners including Google Support Kairos and Amazon Support X-EnergyWe plan to use Triso in their reactors.

Although the USNC is based on a relatively well-known technology, the company’s path was presented.

USNC, an investor, Richard Hollis, was significantly funded by Hellis and his family, applied to $ 100 million loans in $ 100 million loans for years. For something that is a single investor, the company only has a working model with a nuclear fire, but also a nuclear heat source and nuclear heat source for both different reactors and nuclear spaces.

It is not clear that the next generation is the interest of Helms in the nucleus. He started his career as an Arab in the Middle East with Cia. His wife probably had a spy: “When he lied to his children and saw regular office work, Richard and Teresa followed his international secret careers together” instrument said. He died in May 2024.

Helmes retired from CIA in the 9/11 wake “[w]The agency did not call on his colleagues’ deep expertise. selling In 2010, $ 124 million and still private ntreedid.

In 2022, USNC began to seek investor to participate in a series of series Court claims. However, the company was slow to bring significant revenues, and the company’s debts were assembled when Helms died. Writing in Reddit Suggest that the company does not pay on time.

USNC declared bankruptcy in October 2024. Standard nucleus, Leader at that point By Thomas Hendrix, the decisive point was entered, Horse offer For $ 28 million in the same month for USNC’s fuel-related assets. Sales are also included in February, including the property that serves as a standard nuclear basis today.