Overview
- Valor Equity Partners led the Series B, with participants including NRG Energy, Hitachi Ventures, Harpoon Ventures, Alumni Ventures, and others.
- Aalo will build and test its Aalo-X prototype at Idaho National Laboratory through the Department of Energy’s Nuclear Reactor Pilot Program, with a first switch-on targeted for summer 2026.
- The prototype site will include an experimental data center next to the reactor, according to the company.
- Aalo’s planned commercial unit, the factory-built Aalo Pod, combines five Aalo-1 reactors for about 50 megawatts of electricity, which the company says can power one data center or roughly 50,000 homes.
- The company plans to double headcount to about 120 over the next year and is pursuing a long-term electricity price near three cents per kilowatt-hour, a goal set against an industry known for delays.