Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, August 5, 2014

Great News! Transatomic Snags $2 Million Investment from FF Science for New Reactor Design

Transatomic Snags $2 Million Investment from FF Science for New Reactor Design

We generally don't pay much attention to news from the venture capital community here at NEI Nuclear Notes, but for one day we're happy to make an exception for this announcement from Transatomic Power:

Transatomic Power, developers of a breakthrough in nuclear reactor design, announced today that FF Science, an investment vehicle of Founders Fund, has invested $2 million to assist the company with its seed stage development. The funds will be used for bench-top laboratory testing and refinement of the company’s designs and computer models.

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