ARC Clean Technology Secures $15 Million Investment Led by Cleantech Ventures
ARC Clean Technology, a U.S.-based clean energy technology company specializing in advanced small modular nuclear reactors (aSMRs), has raised $15 million in a recent funding round. The investment round included participation from notable investors such as Cleantech Ventures, Xplor Ventures, Banpu Ventures, Hennessy Capital Group, Core Synergy, and YEO Technology.
Accelerating Commercialization of ARC-100 Reactor
The fresh capital will primarily be used to advance the commercialization and global scale-up of ARC Clean Technology’s flagship project—the 100 MWe advanced sodium-cooled fast reactor, known as ARC-100. This innovative reactor design aims to deliver safe, cost-effective, and carbon-free energy solutions for diverse applications including power grids, industrial facilities, and the rapidly growing AI data center market.
Furthermore, the investment supports ARC’s ongoing collaboration with the U.S. Department of Energy (DOE), notably under the Advanced Reactor Demonstration Program (ARDP), which seeks to accelerate the development of small modular reactors. ARC is also set to enhance its strategic partnership with Korea Hydro & Nuclear Power (KHNP) to facilitate international deployment of its aSMR technology. In addition, the funding will continue the company’s Canadian project development efforts supported by Hatch, a leading global engineering and consulting firm.
Company Profile and Market Potential
Headquartered in the United States with offices in Canada, ARC Clean Technology is at the forefront of a new wave of nuclear innovation. It leverages proven sodium-cooled fast reactor technology coupled with advanced design features aimed at delivering reliable, continuous, and clean energy. The ARC-100 reactor is designed to meet the increasing demand from global customers seeking sustainable power for data centers, industrial processes, and grid applications.
James Wolf, CEO of ARC Clean Technology, expressed optimism about the new investment, highlighting that the funds will accelerate deployment efforts across the U.S., Canada, and international markets in collaboration with their partners.
Industry Reactions
Eren Aşkın, Managing Director at Cleantech Ventures, emphasized the significance of ARC Clean Technology’s solutions in addressing the growing global demand for clean, reliable, and scalable energy infrastructure.
Amar Jolly, Energy Sector Lead at Hatch, noted that since 2022, Hatch has worked closely with ARC, contributing to important progress in the ARC-100’s commissioning and commercialization. According to Jolly, “The ARC-100’s high-temperature, zero-emission design makes it ideal for powering hyperscale data centers and heavy industry.”
Conclusion
This $15 million funding round marks a significant milestone for ARC Clean Technology as it continues to develop and commercialize next-generation nuclear reactors that promise to transform energy systems worldwide. With strategic investments and partnerships, ARC is well-positioned to meet the urgent need for carbon-neutral, reliable energy in a variety of critical sectors.
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