MIT Technology Review: Advanced Nuclear Startup Terrestrial Energy Lands Initial Funding
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One of the most promising developers of advanced nuclear power plants, the Canadian startup Terrestrial Energy, has landed $7 million in funding. Although the investment is small, it is an important signal that the private sector might back innovative nuclear reactors as the search for low- or no-carbon forms of power generation accelerates.
More than $1.3 billion in private capital has been invested in North American companies working on advanced nuclear reactor technologies, according to Third Way, a Washington, D.C.-based think tank. But much of that money has gone to companies pursuing nuclear fusion, which is in a far earlier stage than technologies that employ fission, the conventional form of nuclear power.