UAE - Mubasher: CE-Ventures, the corporate venture capital (VC) platform of Crescent Enterprises, has joined the $100 million Series B funding round for leading US nuclear technology company Aalo Atomics, according to a press release.

The fundraising transaction was led by Valor Equity Partners with participation from CE-Ventures alongside Fine Structure Ventures, Hitachi Ventures, Crosscut Ventures, and others.

Meanwhile,  the funding is expected to support Aalo’s first modular nuclear power plant, aiming for zero-power criticality by July 2026 to boost energy to AI-optimized data centers.

This marks a key step towards demonstrating how their mass-manufactured modular reactors can provide the most effective solution to powering AI data centers.  

Sudarshan Pareek, Senior Vice President at CE-Ventures, highlighted: “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.”

“With this latest capital deployment, we are strengthening our position as a global partner of choice for entrepreneurs building frontier technologies,” Pareek added.

Matt Loszak, CEO of Aalo Atomics, commented: “This could be the first advanced nuclear power plant to achieve criticality in the US in decades. The Aalo team is extremely grateful to all of our backers for giving us this once-in-a-generation opportunity to help nuclear energy fulfil its potential.”

The International Energy Agency projected that global electricity demand from AI-optimized data centers will more than quadruple by 2030. In this regard, new-generation nuclear technologies are positioning themselves as a clean energy solution to enable positive global growth.