Standard Nuclear Begins Production of Advanced HALEU Fuel and Raises $140 Million in Series A Funding

Standard Nuclear, establishing the backbone of the advanced nuclear fuel cycle, led by Kurt Terrani, Keeley Marrocco, and others, has announced it has secured $140M in Series A funding from investors led by Decisive Point with participation from new investors Chevron Technology Ventures, StepStone Group, XTX Ventures, and existing investors Welara, Fundomo, Andreessen Horowitz, Washington Harbour Partners, and Crucible Capital, among many others. 

This funding will accelerate Standard Nuclear’s expansion of fuel development and fabrication capabilities, supplementing its existing operational, privately funded commercial-scale TRISO manufacturing line.

Standard Nuclear will use the new funding to scale annual TRISO fuel production to over two metric tons by mid-2026, operating across multiple strategic sites. The company leverages proven infrastructure and a team with a strong track record in rapid, high-quality execution.

In its first year, Standard Nuclear achieved several key milestones:

• Selected as a supplier for the U.S. Department of Energy (DOE) Fuel Line Pilot Program.

• Executed a first-of-its-kind agreement with DOE to transition its jurisdiction.

• Formed a joint venture with Framatome to supply TRISO and proprietary advanced reactor fuel.

• Became the first company authorized by DOE and physically received HALEU for producing advanced TRISO fuel for Radiant Industries.

These developments position Standard Nuclear to lead in advanced reactor fuel production and expand its commercial footprint rapidly.

“Standard Nuclear has achieved multiple critical strategic and commercial milestones in its first year, culminating in the start of HALEU TRISO production,” said Kurt Terrani, CEO. “This Series A financing provides the capital to execute our expansion across products and services, accelerate our roadmap, scale operations, and deliver on our mission to fuel the next generation of reactors for industry, defense, and space.”

Thomas Hendrix, General Partner at Decisive Point and Executive Chairman of Standard Nuclear, added: “The U.S. is entering a new nuclear era, driven by clear policy, industrial focus, and demand from AI data centers. Standard Nuclear’s mandate is to secure and scale a domestic advanced nuclear fuel supply chain. This funding accelerates the buildout of the infrastructure required to achieve that goal.”