Aalo Atomics has raised $100 million in Series B funding to develop modular nuclear plants that will power AI data centers. The funding round, led by Valor Equity Partners, included contributions from various investors, bringing Aalo’s total funding to over $136 million.
The company aims to double its workforce from approximately 60 to over 120 employees within the next year, with a focus on hiring top engineering and manufacturing talent. Aalo has recently added several experienced executives from the nuclear and technology sectors, including former leaders from the Public Utility Commission of Texas and SpaceX.
Recent achievements for Aalo include:
– Being selected by the Department of Energy to test its Aalo-X nuclear plant prototype in Idaho, targeting operational status by July 4, 2026.
– Completing an extensive design review and receiving the necessary approvals from the DOE to streamline environmental assessments.
– Opening a new 40,000 square-foot manufacturing facility in Austin, Texas.
– Partnering with Texas A&M to develop up to 1 GW of nuclear energy capacity.
– Purchasing land for a non-nuclear prototype to test design elements, with construction already underway.
Aalo’s main product, the Aalo Pod, is a modular 50 MWe nuclear power plant designed for data centers. Each pod contains five Aalo-1 reactors, is scalable to gigawatts, and does not require external water sources, making it easy to integrate with existing infrastructure. The reactors use low-enriched uranium fuel and a sodium-cooling system for safety and efficiency.
KEY QUOTES:
“The world’s leading technology companies, as well as state and federal governments, see nuclear energy as a crucial component to powering the AI data centers of the future, as evidenced in recent legislation from forward-thinking states like Texas and Idaho and multiple Presidential Executive Orders. Our unique approach of mass manufacturing modular nuclear plants, combined with our commitment to both safety and scalability, positions us at the forefront of this movement and ensures we are ready to meet this imminent market need at record speed.”
Matt Loszak, Co-founder and CEO, Aalo Atomics
“AI is expected to require triple digit increases in the power supply in the coming months and years, creating both a complex problem for U.S. industry and a significant commercial opportunity for the companies that can solve it. We believe Aalo, with its advanced XMR technology, rich manufacturing expertise and highly experienced team, is well positioned to capture this market opportunity, and has already shown its ability to innovate, forge key industry relationships and move extremely quickly. More broadly, we believe that energy supply represents a current constraint and key strategic imperative for the country, and are proud to align ourselves with the innovators who are helping secure our nation’s energy resilience in the face of this massive surge in demand.”
Antonio Gracias, founder and CEO of Valor Equity Partners
