Apollo Atomics, founded by Assil Halimi and Drew Walker, raised a $26 million seed round, including $5 million in debt, to develop a compact steam generator for pressurized-water nuclear reactors and scale its demonstration program. The company redesigns the steam generator as a person-sized metal block with narrow channels, aiming to shrink overall reactor systems by up to fortyfold while retaining conventional light-water technology, low-enriched uranium fuel and existing nuclear supply chains. Apollo Atomics targets factory-built 10 to 300-megawatt units, electricity at three cents per kilowatt-hour and first commercial deployment in 2028, contingent on successful demonstrations, Nuclear Regulatory Commission approvals, and proving cost, schedule and manufacturing assumptions.
This update represents a notable development in the Board sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.