MIT Startup Gets $2.5M to Develop the Nuclear Reactor We've Been Waiting For

Transatomic Power co-founder and CEO Leslie Dewan

(BostInno) - A Cambridge start-up that’s seeking to turn nuclear power into something most everyone will feel good about has taken the next key step in its long-term plan, raising $2.5 million in new funding from investors including Peter Thiel’s Founders Fund.

Transatomic Power, founded by MIT nuclear science graduates, has now raised $4.5 million since last summer.

The start-up has designed a nuclear reactor that would aim to produce electricity using existing nuclear waste, helping rid us of one of the major issues associated with conventional nuclear plants. The Transatomic reactor design would also not be prone to melting down, according to the company.

And of course, the reactor would have the same environmental benefit of being carbon-free as existing nuclear power designs.

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