Source: Bloomberg
Summary
Antares, a nuclear energy company, has secured $470 million in funding to develop small modular reactors (SMRs) for U.S. Air Force bases. The reactors, ranging from 100 kW to 1 MW, are designed to provide reliable and efficient energy. The funding will support the development and deployment of these SMRs.
Our Reading
The launch follows a familiar script.
Antares joins the small modular reactor parade, promising “reliable and efficient” power for U.S. Air Force bases. The 100 kW to 1 MW reactors are nothing new, but the $470 million funding is a nice boost. Because what’s a new technology without a hefty price tag? The Air Force gets to beta-test the reactors, because who needs proven tech when you can have “innovation”? Antares is just the latest to promise the nuclear moon, and we can’t wait to see the “efficient” rollout.
Author: Evan Null
