Aalo Atomics, a next-generation nuclear energy company, has closed a $100 million Series B financing round led by Valor Equity Partners.

Earth VC said in a statement on Wednesday that the round also saw participation from new and existing investors including Fine Structure Ventures, Hitachi Ventures, Crosscut, NRG Energy, Vamos Ventures, Tishman Speyer, Kindred Ventures, 50Y, Harpoon Ventures, Crescent Enterprises, Alumni Ventures, MCJ, Gaingels, Perpetual VC, Nucleation Capital and Earth Venture Capital.

The funding will enable Aalo to build its first nuclear power plant, the Aalo-X, at the Idaho National Laboratory, with criticality targeted for next summer.

If successful, it will mark the first advanced nuclear plant to come online in the United States in decades, and, in a first-of-its-kind demonstration, the facility will be paired with an experimental data center built alongside it.

Aalo also plans to move from its demonstration plant to scaling thousands of Aalo Pods (five Aalo-1 reactors and one turbine per Pod) to power data centers at scale.

Longer term, the company aims to drive electricity costs down to 3 cents per kWh, making nuclear competitive with renewables and natural gas alike.

It is noted that in Southeast Asia, data center capacity grew by nearly 30 percent between 2019 and 2023, fueling fast-rising electricity demand as facilities consume 4 to 5 times more power per square meter than factories.

In India, capacity is projected to double by 2026, reflecting surging demand from digital and artificial intelligence (AI) infrastructure.

Across Asia-Pacific, inventory growth of over 20 percent year-on-year, alongside forecast shortfalls of 15–25 GW by 2028, highlights the urgent need for clean, reliable baseload energy.

Unlike traditional gigawatt-scale nuclear plants, Aalo’s modular reactors are designed for factory production and fleet deployment, enabling them to power data centers, industrial clusters, and utilities quickly and efficiently.

For Earth VC, Aalo’s Series B milestone highlights its mission: to back ambitious deep tech founders who can decarbonize emerging Asia and secure prosperity on a living planet.

When Earth VC first invested in Aalo, nuclear power was viewed as too slow and politically difficult.

Yet Earth VC saw what many overlooked: the potential for modular, small-scale nuclear to align with the needs of fast-growing markets, particularly in Asia where energy demand and climate goals are most urgent.

Today’s oversubscribed $100M round demonstrates growing global recognition that nuclear power will play a central role in powering AI and decarbonization, said the statement.

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