Los Angeles, March 25, 2026 (GLOBE NEWSWIRE) -- Applied Atomics, a developer and operator of full-stack nuclear power plants designed for continuous industrial operation, today announced it has raised more than $8.3 million in an oversubscribed seed financing round. The financing supports the march from development to deployment by bringing key test and integration stands online, reinforcing a proven and resilient supply chain, and accelerating coordinated progress across engineering integration, customer siting discussions, and the disciplined build-out of delivery and operating capability at scale.

“Reliable power infrastructure must be designed, financed, built, and operated as a single integrated system,” said Benjamin Kellie, Chief Executive Officer of Applied Atomics. “This financing allows us to move from development into deployment, strengthening the disciplined engineering, supply chain coordination, and delivery capability required to put first steel in the ground and bring nuclear power into long-term industrial service.”

Applied Atomics is building 100MW – 1GW nuclear power plants co-located with large infrastructure campuses, using established light-water reactor architecture alongside well-established industry partners combined with integrated plant design, supply chain control, and long-term operating capability. Applied Atomics plans to own and operate its plants and deliver electricity to customers under long-term power purchase agreements, providing predictable pricing and capacity assurance over multi-decade operating lives.

The company’s approach is designed to reduce the cost uncertainty and schedule risk that has long constrained nuclear deployment. The financing reflects investor conviction that these challenges stem less from technology and more from fragmented delivery models and misaligned incentives.

“Affordable nuclear power has never been constrained by physics. It has been constrained by execution,” said Ari Helgason of Transition, a co-lead in the financing. “In an environment where traditional project models continue to struggle, we believe Applied Atomics’ full-stack approach offers a clearer path to deployable nuclear capacity.”

Investors also point to the growing demand from hyperscale infrastructure operators and industrial customers for long-duration, dispatchable clean power as a key driver of timing.

“We all know we need lots of firm power. It's about who gets there fastest," said Aubrie Pagano of Alpaca VC. "Applied Atomics is approaching this as an integrated delivery problem. Taking a page from SpaceX, AA has built day-zero alignment across design, supply chain, and operations, and that is what gives this model a real path to deployment where it is so sorely needed."

The financing follows early commercial engagement with industrial energy developers and the successful completion of initial systems validation milestones on the company’s digital twin SimBox platform. Applied Atomics is testing plant control logic, automated safety response, and system resiliency with actual supply chain components in across scaled operating conditions. This capability streamlines advancement toward site-scale engineering integration and future licensing readiness.

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