Elementl Power

Elementl Power is developing safe, affordable, next-generation nuclear plants at utility scale, advancing projects from site selection and financing through licensing, construction, and commercial operation.

Why we invested

The largest source of clean power on the U.S. grid is nuclear fission, providing 800 TWh of carbon-free energy annually from 100 GW of capacity.  But in the last 30 years, we’ve added just 3.5 GWs of new capacity.  In a world desperate for power, and in particular carbon free power, it is time to build new nuclear. The blockers aren’t technology but rather financing, permitting, construction, and coordination. Elementl is the team breaking the bottlenecks to put new fission on the grid now.

Why this work matters

With growing electricity demand — driven by data center growth, the retirement of aging baseload generation, industrial reshoring, electrification, and broader decarbonization efforts — the U.S. power system needs substantial new sources of reliable, clean energy. Nuclear is a proven solution for clean, baseload power that's effectively always on, 24 hours a day, 7 days a week, at the scale required to meet that demand.