Latest news with #JonathanWebb
BBC News
2 days ago
- Sport
- BBC News
Team USA arrive in Sunderland for World Cup match with England
The USA women's rugby team have arrived ahead of their match with England next is the first time the women's rugby world cup has been hosted in Sunderland at the Stadium of match will be played on 22 August at 19:30 BST with both teams hoping to get off to a winning start in the Griffin, president of the Rugby Football Union, expects the match next Friday to "take the roof off". "It is just going to be such a joyous occasion and one that the north east can delight in," she said. Jonathan Webb, vice chairman of World Rugby, has high hopes for record attendance figures after 40,000 tickets were sold."I think it will be close to a women's world cup record just for the opening game," he USA met the England Red Roses at Sunderland City Hall and had a sing-along before preparations begin in earnest next than 300,000 tickets have been sold across eight venues, stretching from Sandy Park in Exeter to the Stadium of Light in Sunderland, ensuring it will be the best-attended Women's Rugby World Cup. Follow BBC Sunderland on X, Facebook, Nextdoor and Instagram.
Yahoo
18-05-2025
- Business
- Yahoo
The Nuclear Company raises $51M to develop massive reactor sites
The Nuclear Company is taking an old approach to building new nuclear reactors. Rather than gin up a new design or try to mass manufacture smaller reactors, it wants to develop a series of reactors using existing designs. The two-year-old startup announced a Series A last month led by Eclipse with participation from CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures, though it did not disclose the amount raised. Now, TechCrunch has learned that the company has secured $51.3 million in a Series A, bringing the company's total funding to $70 million. The Nuclear Company was founded in 2023 by three serial entrepreneurs: former AppHarvest CEO Jonathan Webb, Arcadia CEO Kiran Bhatraju, and CIV CEO Patrick Maloney. The startup is prioritizing sites that already have permits or licenses to operate. Fewer than a dozen sites fall under that rubric, according to filings for combined operating licenses and early site permits at the Nuclear Regulatory Commission. At the sites that are closer to groundbreaking, each can support reactors with more than 1 gigawatt of generation capacity. The Nuclear Company is aiming to develop 6 gigawatts in its first fleet. The funding round arrives as tech companies and utilities are struggling to secure power for data centers. Demand for electricity in the U.S. is expected to surge nearly 16% by 2029, according to Grid Strategies, after years of steady consumption. Data centers are a large driver; their electricity use could quadruple by the end of the decade. In the face of potential power shortages, tech companies have been cozying up to nuclear startups and developers. Google is working with Kairos to build 500 megawatts' worth of small modular reactors (SMR), while Amazon participated in a massive $700 million round to fund X-energy's SMR plans. Meta has solicited proposals from developers to build up to 4 gigawatts of generating capacity, and Microsoft is working with Constellation Energy to restart a reactor at Three Mile Island. But nuclear power is facing headwinds, both expected and unexpected. Competition from solar power is among the former: Tech companies and data center operators have been snapping up capacity from solar farms, signing sizable deals. These farms are frequently paired with massive batteries to provide 24/7 electricity. The technology is inexpensive, and new projects can be developed in around 18 months. Nuclear may soon face other financial hurdles, too. This week, the House Ways and Means Committee published its draft of a reconciliation bill that would kill subsidies for nuclear power that were granted under the Inflation Reduction Act. Nuclear power plants are currently eligible for tax credits up to $15 per megawatt-hour. Most new nuclear power plants, including those on The Nuclear Company's timeline, aren't expected to come online until the early 2030s. Given that forecasts for the next five years vary wildly, massive nuclear plants entering service a decade from now could be stuck holding the bag. Update: Added final Series A fundraise details and total funding amount. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
16-05-2025
- Business
- TechCrunch
The Nuclear Company raises $51M to develop massive reactor sites
The Nuclear Company is taking an old approach to building new nuclear reactors. Rather than gin up a new design or try to mass manufacture smaller reactors, it wants to develop a series of reactors using existing designs. The two-year-old startup announced a Series A last month that included investments from CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures, though it did not disclose the amount raised. Now, TechCrunch has learned that the company has secured $51.3 million in a Series A, bringing the company's total funding to $70 million. The Nuclear Company was founded in 2023 by three serial entrepreneurs: former AppHarvest CEO Jonathan Webb, Arcadia CEO Kiran Bhatraju, and CIV CEO Patrick Maloney. The startup is prioritizing sites that already have permits or licenses to operate. Fewer than a dozen sites fall under that rubric, according to filings for combined operating licenses and early site permits at the Nuclear Regulatory Commission. At the sites that are closer to groundbreaking, each can support reactors with more than 1 gigawatt of generation capacity. The Nuclear Company is aiming to develop 6 gigawatts in its first fleet. The funding round arrives as tech companies and utilities are struggling to secure power for data centers. Demand for electricity in the U.S. is expected to surge nearly 16% by 2029, according to Grid Strategies, after years of steady consumption. Data centers are a large driver; their electricity use could quadruple by the end of the decade. In the face of potential power shortages, tech companies have been cozying up to nuclear startups and developers. Google is working with Kairos to build 500 megawatts' worth of small modular reactors (SMR), while Amazon participated in a massive $700 million round to fund X-energy's SMR plans. Meta has solicited proposals from developers to build up to 4 gigawatts of generating capacity, and Microsoft is working with Constellation Energy to restart a reactor at Three Mile Island. But nuclear power is facing headwinds, both expected and unexpected. Competition from solar power is among the former: Tech companies and data center operators have been snapping up capacity from solar farms, signing sizable deals. These farms are frequently paired with massive batteries to provide 24/7 electricity. The technology is inexpensive, and new projects can be developed in around 18 months. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Nuclear may soon face other financial hurdles, too. This week, the House Ways and Means Committee published its draft of a reconciliation bill that would kill subsidies for nuclear power that were granted under the Inflation Reduction Act. Nuclear power plants are currently eligible for tax credits up to $15 per megawatt-hour. Most new nuclear power plants, including those on The Nuclear Company's timeline, aren't expected to come online until the early 2030s. Given that forecasts for the next five years vary wildly, massive nuclear plants entering service a decade from now could be stuck holding the bag. Update: Added final Series A fundraise and total funding amount.
TechCrunch
16-05-2025
- Business
- TechCrunch
The Nuclear Company raises $46M to develop massive reactor sites
The Nuclear Company is taking an old approach to building new nuclear reactors. Rather than gin up a new design or try to mass manufacture smaller reactors, it wants to develop a series of reactors using existing designs. The two-year-old startup announced a Series A last month that included investments from CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures, though it did not disclose the amount raised. Now, TechCrunch can confirm that the company has secured $46.3 million in a Series A fundraise out of a targeted $51.3 million total. The details were published in an SEC filing. The Nuclear Company was founded in 2023 by three serial entrepreneurs: former AppHarvest CEO Jonathan Webb, Arcadia CEO Kiran Bhatraju, and CIV CEO Patrick Maloney. The startup is prioritizing sites that already have permits or licenses to operate. Fewer than a dozen sites fall under that rubric, according to filings for combined operating licenses and early site permits at the Nuclear Regulatory Commission. At the sites that are closer to groundbreaking, each can support reactors with more than 1 gigawatt of generation capacity. The Nuclear Company is aiming to develop 6 gigawatts in its first fleet. The funding round arrives as tech companies and utilities are struggling to secure power for data centers. Demand for electricity in the U.S. is expected to surge nearly 16% by 2029, according to Grid Strategies, after years of steady consumption. Data centers are a large driver; their electricity use could quadruple by the end of the decade. In the face of potential power shortages, tech companies have been cozying up to nuclear startups and developers. Google is working with Kairos to build 500 megawatts worth of small modular reactors (SMR), while Amazon participated in a massive $700 million round to fund X-energy's SMR plans. Meta has solicited proposals from developers to build up to 4 gigawatts of generating capacity, and Microsoft is working with Constellation Energy to restart a reactor at Three Mile Island. But nuclear power is facing headwinds, both expected and unexpected. Competition from solar power is among the former: tech companies and data center operators have been snapping up capacity from solar farms, signing sizable deals. These farms are frequently paired with massive batteries to provide 24/7 electricity. The technology is inexpensive, and new projects can be developed in around 18 months. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Nuclear may soon face other financial hurdles, too. This week, the House Ways and Means Committee published its draft of a reconciliation bill that would kill subsidies for nuclear power that were granted under the Inflation Reduction Act. Nuclear power plants are currently eligible for tax credits up to $15 per megawatt-hour. Most new nuclear power plants, including those on The Nuclear Company's timeline, aren't expected to come online until the early 2030s. Given that forecasts for the next five years vary wildly, massive nuclear plants entering service a decade from now could be stuck holding the bag.
