Jon Law
@jonxlaw
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Growth at @ Aalo Atomics. Energy, technology, media | Quantitative economics @bu_economics
Boston, MA, USA
Joined August 2018
I was curious how nuclear energy research has changed over time, so I pulled data from 1.5 million papers over the past ~85 years. Some interesting insights here, check it out (1/9):
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Technologists tend to focus on very “macro” reasons to support nuclear energy. I think the on-the-ground benefits for an average community and consumer are equally important to remember: - Decreases your energy bill. - Cleaner air in your community. - Creates many stable, high
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My observation about entry-level jobs disappearing, speaking as a current graduate student, is not that they're all gone, but rather the middle of the market took a massive hit (also some thoughts here on adverse selection at work in the job market): My college-educated,
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Quick update! @standardnuclear announced a $140m Series A round 6 hours ago to pursue TRISO fuel production - cool to see :)
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Here’s the big tech nuclear map pairing tech companies to the nuclear startups they have signed deals with or funded the most: 🔵 Amazon → X-energy (5 GW) 🟢 Google → Kairos Power (500 MW) + Commonwealth Fusion 🟡 Microsoft → Three Mile Island restart (+ Helion for fusion)
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Shout-outs to a few smaller fission players: - GE Hitachi BWRX-300: 300MW boiling water reactor that’s basically a smaller, simplified version of already active reactor, furthest along in Canada (targeting 2028 for their Darlington site) and also working to deploy across Poland
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Terrestrial Energy: Canadian-based but now US-focused molten salt reactor, operational since 2013. They went public via SPAC ($1.1b MC) and are targeting sites at Texas A&M and old nuclear/coal plants. They also don't run on HALEU fuel, so can deploy faster in the short-term,
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Newcleo: these are the MOX specialists, with a lead-cooled fast reactor that uses spent uranium from conventional plants as fuel. They’re based in Europe with over $500m in funding and aiming to deploy in the UK and France. Acc: @newcleoenergy (9/10)
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Last Energy: this is a play based in the US but focused on deploying in Europe targeting first criticality in 2027 with a 20 MW pressurized water reactor. They’re aiming to operate out of a former coal site in Wales (for 2027 criticality) and a Texas site & raised $100m in a
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Aalo Atomics: building 50 MWe metal-cooled reactors with an extreme focus on modularity and manufacturing, initially aimed at data centers. What I think is most impressive about Aalo is how it merges a startup mentality with an experienced base of talent from the nuclear
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Radiant: building a very small (1 MW) "nuclear battery" to replace diesel generators, helium-cooled and TRISO-powered. They just raised $300m and have a test site at the Idaho National Laboratory, like Aalo Atomics. Acc: @RDNTCapital (6/10)
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Oklo: on-paper, the big player in the space, with a $13B public market cap ($OKLO). Supporters include Sam Altman and the US Air Force. They’re aiming to deploy reactors at remote sites - think military bases - in the 15-50 MW range, and have been in business since 2013. Acc:
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NuScale: this is the first public company on the list ($SMR), with a NRC design certification (SDA) granted for 77 MW modules and a light-water design that’s truck-transportable. Acc: @NuScale_Power (4/10)
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Kairos Power: Kairos is building a much smaller reactor powered by a molten fluoride salt collant and TRISO fuel. They’re building a test reactor in Oak Ridge and are supported by Google, aiming to deploy commercially by 2030. Acc: @KairosPower (3/10)
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X-energy: team building both reactors and the fuel supply, with a focus on an 80 MW high-temperature gas reactors. They’re also the king of TRISO fuel, have partnered with Amazon with a goal of deploying 5 GW of energy by 2039, and raised $1.7B. Acc: @xenergynuclear (2/10)
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Terrapower: funded by Bill Gates and building a 345 MW sodium-cooled reactor with molten salt thermal storage. They’re aiming to go online by 2030 and have raised $1.4B in private funding + $2B DOE match backers. Acc: @TerraPower (1/10)
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For context, the nuclear renaissance is REAL: - $10B+ in global funding and counting (private + DOE) - 90+ advanced reactor designs globally - Many big tech/nuclear partnerships - Power demand skyrocketing - Pro-nuclear sentiment accelerating across the US and Europe. Of the
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There are currently 10 nuclear energy startups globally which have raised over $100m and are racing to commercialize next-gen reactors over the next few years. Here’s an introduction to all 10, their angle, funding, and deployment goals 🧵:
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Glad to be part of this site visit today to what will be the first new U.S. sodium‑cooled test reactor to go critical in more than forty years, under EOs from @POTUS! Follow @AaloAtomics for updates.
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If current energy trends persist, here's exactly what you'll see in 20 years! India more than doubles energy consumption but still lags the US and China. Chinese growth plateaus, in part due to a falling population. African consumption nearly doubles (and at this point, 60%
@jonxlaw Curious what this will look like in 20 years
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