Standard Nuclear announced it has secured $140 million in Series A funding to accelerate the expansion of its reactor-agnostic TRISO nuclear fuel development and manufacturing capabilities, with the round led by Decisive Point and participation from Chevron Technology Ventures, StepStone Group, XTX Ventures, and several existing investors. The capital will support the rapid buildout of new fuel development and fabrication infrastructure beyond the company’s operational, privately funded commercial-scale TRISO line, enabling Standard Nuclear to scale annual production to more than two metric tons across multiple strategically located sites by mid-2026. In its first year of operations, the company has achieved key milestones, including selection as a supplier for the U.S. Department of Energy’s Fuel Line Pilot Program, a jurisdiction transition agreement with the DOE, a joint venture with Framatome, and authorization to receive HALEU for advanced TRISO fuel production.
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“Standard Nuclear has successfully achieved numerous pivotal strategic and commercial objectives since our founding one year ago, leading to the remarkable occasion today as we begin producing HALEU TRISO,” said Kurt Terrani, Chief Executive Officer of Standard Nuclear. “The United States is entering a new nuclear era – driven by the clarity and focus of the Administration, a renewed industrial policy, the AI data center boom, and the recognition that clean, reliable and dispatchable power is essential to national security,” said Thomas Hendrix, General Partner at Decisive Point and Executive Chairman of Standard Nuclear.