Project Omega raised US$80 million in Series A funding. B Capital led the round. The company recycles used nuclear fuel into power sources, reactor feedstock, and isotopes.
Series A participants
Noa VC and 645 Ventures joined the round. Existing investors included Starship Ventures and Mantis Ventures. Jeff Johnson of B Capital will join the board.
Company progress
Project Omega emerged from stealth eight months ago. It has advanced recycling work with Idaho National Laboratory. It also demonstrated stable electrical current from strontium-90 at Pacific Northwest National Laboratory.
Product focus
Its first products are radiovoltaic power systems. These solid-state devices convert radioactive decay into electricity. The X Series packages batteries, generators, and controls for solar, wind, and future isotope power.
Project Omega will begin construction of its nuclear fuel recycling facility. It will also advance manufacturing for its X Series products. Further details will be announced in the coming months.