Project Omega Raises $80 Million to Build Nuclear Refineries for the Next Industrial Revolution

[Marlin]

Project Omega Raises $80 Million to Build Nuclear Refineries for the Next Industrial Revolution

https://www.businesswire.com/news/home/20261109560807/en/Project-Omega-Raises-%2480-Million-to-Build-Nuclear-Refineries-for-the-Next-Industrial-Revolution

[Core Content]

Project Omega will use $80 million in new Series A funding to advance its non-aqueous pyroprocessing technology for recycling used nuclear fuel. The company intends to construct a facility that recovers isotopes for use in radiovoltaic power systems designed for remote and autonomous applications. This initiative aims to reduce nuclear waste volumes and establish a domestic supply chain for specialized power sources.

NEWPORT, R.I., November 09, 2026--Project Omega today announced that it has raised $80 million in its Series A financing led by B Capital with participation from noa VC, 645 Ventures, and other leading investors in nuclear technology and national security. The financing will accelerate the company's work to close America's nuclear fuel cycle and...

Meeting America's growing energy demand, from AI to advanced manufacturing, will require significantly more nuclear power and a more secure domestic fuel supply chain. Today, the U.S. relies heavily on foreign sources for uranium on the front end while spending billions to manage and store used nuclear fuel at the back end.

Omega's initial product focus is on long-duration power sources including radiovoltaic power: solid-state systems that convert the natural decay of radioisotopes directly into electricity. Designed for missions where recharging, battery replacement or human access is difficult or impossible, Project Omega's technology will provide persistent power for sensors, autonomous systems, communications nodes, spacecraft, undersea platforms and other mission-critical equipment.

Related coverage at Yahoo Finance:
https://finance.yahoo.com/energy/articles/project-omega-raises-80-million-143000431.html