CE‑Ventures, the corporate venture capital arm of Crescent Enterprises, today confirmed its participation in a $100 million Series B financing for Aalo Atomics. The round was led by Valor Equity Partners, with contributions from Fine Structure Ventures, Hitachi Ventures, Crosscut Ventures and others.
Aalo Atomics, headquartered in Austin and founded in 2022, has been selected by the US Department of Energy for its Reactor Pilot Program, designed to accelerate testing of advanced nuclear technologies. The DOE aims to see at least three pilot projects achieve criticality within a year.
The Series B proceeds will fund construction of the company’s first modular plant, dubbed Aalo‑X, with a target of zero‑power criticality scheduled for July 2026. The outcome is expected to demonstrate the viability of mass‑manufactured modular reactors in powering AI‑optimised data centres.
Aalo Atomics plans to co‑locate an experimental data centre next to its test plant, a first in the US, creating a live demonstration of nuclear power directly supplying AI infrastructure.
Since April, Aalo has completed a 40,000 sq ft manufacturing facility in Austin and a full-scale non-nuclear prototype. It now plans to double its workforce from around 60 to 120 over the next year. The company has also added senior executives: Jimmy Glotfelty (ex‑Public Utility Commission of Texas), Bryson Gentile (ex‑SpaceX), Pete Gaillard (ex‑TerraPower) and Nick Touran (founder of “What Is Nuclear?”).
CEO Matt Loszak said the company now has the capital and momentum to proceed with the Aalo‑X project next summer, potentially marking the first advanced nuclear power plant to achieve criticality in the US in decades.
The Reactor Pilot Program, launched in June 025, fast-tracks federal approvals by bypassing the usual Nuclear Regulatory Commission licensing bottlenecks. Aalo’s Idaho facility is expected to enter operation by 4 July 2026, with co‑located AI workloads.
The International Energy Agency forecasts that global electricity demand from AI‑optimised data centres could more than quadruple by 2030, a trend that underscores the urgency and relevance of Aalo’s modular nuclear approach.
