CE-Ventures, the corporate venture platform of Crescent Enterprises, has announced its participation in a $100 million Series B funding round for US nuclear technology innovator Aalo Atomics. The round, led by Valor Equity Partners, also saw participation from Fine Structure Ventures, Hitachi Ventures, Crosscut Ventures, and other investors.
Founded in 2022, Aalo Atomics has gained momentum as a pioneer in advanced nuclear technology. It was recently selected by the US Department of Energy (DOE) for expedited testing of its modular reactors, part of a fast-tracked process to demonstrate clean, reliable energy solutions for high-demand AI infrastructure.
The Series B proceeds will fund the construction of Aalo-X, the company’s first nuclear power plant, targeting zero-power criticality by July 2026. This milestone will mark a critical step toward commercial deployment of mass-manufactured modular reactors capable of powering AI-optimised data centres efficiently and sustainably.
Meeting the Energy Demands of the AI Era
Sudarshan Pareek, Senior VP at CE-Ventures, commented:
“We are at a pivotal moment for advanced nuclear technology, and we view Aalo Atomics as a true leader in this new atomic age. The surge in AI adoption is driving unprecedented demand for reliable energy, and nuclear power can play a crucial role in meeting this demand with clean, scalable solutions.”
CE-Ventures maintains a global portfolio of strategic investments across early- to late-stage high-growth companies, focusing on frontier technologies such as AI, energy, and related infrastructure. Its parent groups, Crescent Enterprises and Crescent Group, have a history of championing sustainable, high-impact investments worldwide.
Aalo Atomics CEO Matt Loszak added:
“We now have the capital to build our first nuclear plant, the Aalo-X. This could be the first advanced nuclear power plant to achieve criticality in the US in decades. We are grateful to our investors for supporting this once-in-a-generation opportunity.”
A Global Shift Toward Modular Nuclear
The DOE’s Reactor Pilot Programme, launched in June 2025, accelerates testing of advanced nuclear technologies, reflecting growing interest in modular reactors as safe, scalable, and sustainable energy solutions. Aalo plans to site an experimental AI data centre next to its test plant, demonstrating first-of-its-kind integration of DOE-authorised nuclear power directly supporting AI infrastructure.
With the International Energy Agency projecting a fourfold increase in electricity demand from AI-optimised data centres by 2030, advanced nuclear technologies like Aalo’s are positioned to play a key role in clean energy innovation and global energy security.
