Latest news with #TheNuclearCompany
Business Wire
5 days ago
- Automotive
- Business Wire
Top Engineer from Microsoft, Tesla Joins The Nuclear Company to Lead Software Division
COLUMBIA, S.C.--(BUSINESS WIRE)-- The Nuclear Company, which is leading fleet-scale deployment of nuclear power across America and pioneering the modernization of nuclear construction, today announced the hiring of Microsoft and Tesla engineering veteran Owen Lloyd as Vice President, Software Engineering. Lloyd spent more than 16 years at Microsoft, where, as Senior Director of Engineering, he oversaw the expansive team of engineers developing software for the heralded Surface line of laptops and tablets. He also worked closely with large suppliers including Intel and Qualcomm, bringing strong experience with complex supply chains like those involved in nuclear construction. Despite the need for nuclear's firm, clean baseload power, the biggest challenges facing the industry, which creates high-paying head-of-household jobs, are that nuclear projects are almost always over budget and behind schedule. Lloyd will lead a team of AI/ML software engineers, data scientists and product specialists to develop a pioneering construction platform that will employ cutting-edge digital technologies, such as AI-driven site selection, real-time construction updates, and integrated supply chain logistics. This approach will pair with advanced construction and manufacturing methods to ensure The Nuclear Company builds on time and on budget, as it deploys its first 6-gigawatt fleet of nuclear reactors across America using proven, already licensed reactor technology and a design-once, build-many methodology. 'The world's largest technology companies rely on nuclear and its firm, clean baseload energy to power their AI data centers,' said The Nuclear Company Chief Nuclear Officer Joe Klecha, who was tasked with taking over the building of Vogtle units 3 and 4 in the midst of the ongoing project. The two reactors are the only ones started and built in America in the past three decades. 'Just as these tech giants need nuclear, the nuclear industry needs to utilize the advanced technology they have developed.' Lloyd also brings leadership experience from Tesla, where his engineering team shipped major in-vehicle software updates bi-weekly. Among his work was helping launch the company's Model 3 vehicle. He also held leadership roles at LG, where he improved software platforms for smart televisions, and Salesforce, where his responsibilities included upgraded sales cloud features for workers in the field. 'I've seen firsthand as a leader at some of the world's largest companies how vital nuclear is to powering economic expansion and technology innovation,' Lloyd said. 'I was drawn to The Nuclear Company because of its technology-first approach, as well as my drive to solve the most complex challenges and building nuclear reactors is among humanity's most impressive feats.' About The Nuclear Company The Nuclear Company is pioneering the modernization of nuclear construction and leading fleet-scale deployment of nuclear power across America. By integrating proven, licensed reactor technologies with digital innovation and its design-once, build-many methodology, the company aims to reduce costs and shorten development timelines. This approach leverages AI-powered real-time construction monitoring and advanced project management to streamline deployment and ensure on-time, on-budget delivery. The Nuclear Company is committed to delivering safe baseload electricity at the lowest cost, while catalyzing the nuclear industry toward rapid development in America and globally. For more information, visit:
Axios
14-05-2025
- Business
- Axios
The rise of the nuclear deployment startups
Young project developer startups are amassing capital commitments and closing partnerships to kick-start nuclear projects. Why it matters: Strong developers could be the missing piece for nuclear projects using both traditional reactors and next-gen tech. The big picture: When Georgia Power's Vogtle nuclear units 3 and 4 went online in 2023 and 2024 they were the first new nuclear reactors built in the U.S. in 30 years but were billions over budget and years behind schedule. But there's a growing desire for new nuclear projects as electricity demand soars for data centers, manufacturing and EVs. Nuclear upstarts are eager to use development lessons and construction tech to cut costs and speed up timelines. And the White House is planning executive action soon to try to speed nuclear reactors' deployment, Axios Pro Energy Policy reported this week. Zoom in: This week nuclear project startup Elementl Power announced it's partnering with Google to develop three 600 MW nuclear projects. Google is providing development capital and has the option to buy power from the projects. The company is focused on deploying light-water reactors, mostly smaller ones, in the first half of the 2030s, said CEO Chris Colbert. Companies that are building lightwater SMRs include GE, Westinghouse and NuScale Power. Elementl, which is backed by Energy Impact Partners, is working on three projects. After the first one's built, the costs drop, and the timelines speed up, said Colbert. State of play: The Nuclear Company has a similar strategy to lower costs and speed up timelines by developing a fleet of nuclear projects across six, potentially adjacent, 1 GW sites. The fleet model could eventually allow nuclear to get nearer to the development time frame of a combined cycle gas facility, says Patrick Maloney, co-founder and chairman of The Nuclear Company and also co-founder of investment firm CIV. The Nuclear Company announced a Series A last month led by Eclipse and including CIV, True Ventures, Wonder Ventures, Goldcrest Capital, and MCJ Collective. Last Energy and Holtec are also emphasizing project development innovation while simultaneously developing their small light-water reactors. The intrigue: Companies that have built advanced reactors, like NuScale Power, have struggled to deploy them. NuScale's SMR is the only one to get design approval from the U.S. Nuclear Regulatory Commission, but the company abandoned its project plans in 2023 after development costs soared. "Designing a reactor is a much different business than deploying a reactor," said Maloney. The clean energy sector has project developers, but the check sizes for the sector are one-tenth of that of nuclear, said Colbert.
Associated Press
17-03-2025
- Business
- Associated Press
The Nuclear Company Hiring First Cohort of New Engineering Graduates for Fleet-Scale Nuclear Deployment
The Nuclear Company, which is deploying fleet-scale nuclear power across America and leading the modernization of nuclear construction, today announced it is seeking to hire its first cohort of engineering students from the 2025 graduating classes across America's universities. 'This is a once-in-a-generation opportunity for engineers to help build a more resilient energy infrastructure for the United States,' said The Nuclear Company Chief Nuclear Officer Joe Klecha, a Navy veteran who helped lead construction of America's only two nuclear reactors built in the last 30 years. 'We know the time is now for more nuclear power. The most important contributor to a strong American economy is abundant, reliable energy.' The Nuclear Company emerged from stealth mode in 2024 with the mission to address America's surging energy demand. Despite the need for nuclear's firm baseload power, the biggest challenge facing the industry, which creates high-paying head-of-household jobs, is that nuclear projects are almost always over budget and behind schedule. The Nuclear Company's model seeks to avoid these pitfalls by redefining nuclear construction and adopting fleet-scale deployment, which employs a design-once, build-many methodology to lower costs and minimize delays. The company's unique approach focuses on streamlining processes, utilizing advanced construction and manufacturing methods, and leveraging cutting-edge digital technologies. These technologies integrate advanced analytics, AI, and IoT to streamline the deployment of nuclear reactors. By utilizing this approach with proven, licensed technology, The Nuclear Company aims to achieve significant cost reductions and shortened project timelines, meeting its commitment to on-time, on-budget deployment of its first fleet of nuclear reactors in the United States. For the Engineer 1 cohort, The Nuclear Company is seeking graduating seniors or recent graduates with degrees in mechanical, electrical, civil, computer or nuclear engineering. To apply, visit About The Nuclear Company The Nuclear Company is leading the modernization of nuclear construction to deploy fleet-scale nuclear power across America. By integrating proven, licensed reactor technologies with digital innovation and economies of scale, the company aims to reduce costs and shorten development timelines. Its platform will leverage AI-powered real-time construction monitoring and advanced project management to streamline deployment and ensure on-time, on-budget delivery. The Nuclear Company is committed to delivering safe baseload electricity at the lowest cost, while catalyzing the nuclear industry toward rapid development in America and globally. For more information, visit: . SOURCE: The Nuclear Company Copyright Business Wire 2025. PUB: 03/17/2025 10:32 AM/DISC: 03/17/2025 10:32 AM
