Applied Atomics, Inc.
Applied Atomics is a pre-revenue advanced nuclear developer building 100MW to 1GW small modular reactor plants for hyperscale data centers, industrial campuses, and utilities, anchored by an exclusive BWXT mPower license and a 2030 first-power target.
- Company typePrivate
- Founded2025
- HeadquartersAnchorage, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Applied Atomics, Inc. does
Applied Atomics, Inc. is a pre-revenue advanced nuclear energy company founded in 2025 and headquartered in Los Angeles, California, with an Anchorage, Alaska legal domicile. The company is developing small modular reactor (SMR) power plants in the 100MW to 1GW range, targeting hyperscale data centers, industrial campuses, and utility customers seeking firm, carbon-free baseload electricity. Its first 100MW unit is targeted for deployment by 2030.
The company's foundational asset is an exclusive license from BWXT for the mPower SMR technology, a previously advanced reactor design, on which the company is re-engaging with the U.S. Nuclear Regulatory Commission for design certification. Applied Atomics pursues a full-stack vertical integration model, owning reactor design, licensing, site development, construction, and operations, with named sites under active evaluation in Texas and Wyoming. The company has built an early demand pipeline of approximately 10 GW across its target customer segments and operates a digital twin platform branded SimBox for design validation and testing.
Applied Atomics has raised approximately $12M in total funding across an early $2M seed in March 2025 led by Alpaca VC and an $8.3M seed in March 2026 led by Morpheus Ventures and Transition Ventures. The founding team is led by CEO Ben Kellie and CTO Paul Keutelian, both SpaceX veterans, with Keutelian bringing additional nuclear experience from Radiant Nuclear. The company is part of the Launch Alaska accelerator portfolio and has added Mark Lambert as co-founder and CFO. As of the source material, the company has 1-10 employees and no commercial revenue.
Applied Atomics, Inc. firmographics
Firmographics- Name
- Applied Atomics, Inc.
- Legal name
- Applied Atomics LLC
- Website
- https://applied-atomics.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Applied Atomics is a pre-revenue advanced nuclear developer building 100MW to 1GW small modular reactor plants for hyperscale data centers, industrial campuses, and utilities, anchored by an exclusive BWXT mPower license and a 2030 first-power target.
- Ownership category
- akta.pro rank
Applied Atomics, Inc. industry classification
Industry- Product category
- Small Modular Reactor Nuclear Power Generation
- NAICS
- Nuclear Electric Power Generation (221113), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Nuclear Plant EPC & Construction (EUAEAAAC)
- akta.pro secondary industries
- Nuclear Plant Life Extension & Uprates (Long-Term Operations) (EUACADAI), Nuclear Power Plant Operations & Maintenance (O&M) (EUACADAO), Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)
Keywords
Where Applied Atomics, Inc. is headquartered
LocationHeadquarters
- HQ city
- Anchorage
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Applied Atomics, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations
Revenue model
- Long-Term Power Purchase Agreements (PPAs): Applied Atomics owns and operates its nuclear plants and delivers electricity to customers under long-term power purchase agreements, providing predictable pricing and capacity assurance over multi-decade operating lives. This generates durable, contracted cash flows from electricity delivery to industrial infrastructure customers including data centers, powered land developments, and utilities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Applied Atomics, Inc. product offering
Product offeringCore offering
Applied Atomics develops, builds, finances, and operates dedicated medium modular nuclear fission power plants (100 MW to 1 GW per site) at customer locations using BWXT's mPower small modular reactor technology. Customers receive turnkey baseload electricity under a single long-term power purchase agreement covering design, permitting, construction, and operations, with no operational burden on the customer side.
Product overview
Applied Atomics offers a full-stack nuclear power plant solution comprising licensed mPower small modular reactor technology (195 MWe per reactor), proprietary SimBox digital twin platform for systems validation, and end-to-end plant development, construction, and operations services. The company develops 100MW–1GW nuclear power plants using proven light-water reactor architecture, offering dedicated generation under long-term power purchase agreements to industrial customers including datacenters, utilities, and powered land/property developers.
Differentiator
Problem solved
Functional benefit
Products and services
- Turnkey Nuclear Power Plants (100 MW – 1 GW) Medium modular nuclear fission power plants developed, built, financed, and operated by Applied Atomics at customer sites, ranging from 100 MW to 1 GW of output per site and delivered as a single PPA covering design, permitting, construction, and operations with zero operations burden on the customer.
- mPower Small Modular Reactor Integral pressurized light-water reactor licensed from BWX Technologies, designed to generate 195 MWe of electricity and 575 MWth of heat per reactor. Houses all primary components in a single vessel to eliminate primary coolant piping and remove the loss-of-coolant accident failure mode; uses standard low-enriched uranium fuel with a 2–4 year refueling cycle.
- Datacenter Power Solutions Dedicated nuclear power deployed at hyperscale data center sites, enabling AI and compute capacity to scale with customer plans rather than grid constraints and providing always-on firm clean power under a single PPA.
- Powered Land Solutions Dedicated nuclear fission generation deployed at industrial campus and powered-land customer sites, adding gigawatts of clean baseload power without adding operational complexity to serve surrounding communities.
- Utilities & Grid Solutions Dedicated nuclear plants used to anchor utility and grid-operator energy parks, attracting manufacturing, processing, and industrial development to a single energy-rich site and delivering grid-scale firm clean baseload power.
Quantifiable outcome
- Plants targeted for delivery at 100MW to 1GW per site with first 100MW operational by 2030
- +2 more outcomes
Companies that use Applied Atomics, Inc.
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Applied Atomics, Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Applied Atomics, Inc. partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- BWX Technologies (BWXT)coreApplied Atomics entered an exclusive licensing agreement with BWX Technologies to acquire exclusive rights to the mPower small modular reactor technology for commercial development and deployment of land-based nuclear facilities in the United States, Canada, and elsewhere. Under the terms, BWXT retains ownership of the mPower IP, exclusive manufacturing rights for all mPower components, and royalty rights for components manufactured by Applied Atomics or third parties. Applied Atomics will re-engage the NRC to resume mPower design certification activities and develop site-specific engineering for initial commercial deployments, with BWXT providing ongoing technical support. BWXT evaluated Applied Atomics against criteria including capital commitment, deployment intent, nuclear safety culture alignment, market positioning, and founders' track record commercializing other technologies.
- Launch AlaskaminorApplied Atomics was selected as one of eight startups in Launch Alaska's portfolio following the 2025/2026 Tech Deployment Track, bringing Launch Alaska's total portfolio to 53 companies focused on energy, transportation, and industrial technologies. The portfolio also includes Oklo, Radiant, Natel Energy, OCOChem, and Eden Geopower among other nuclear and clean energy companies.
Scale indicators6 records
Recent moves6 records
Expansion highlights7 records
Applied Atomics, Inc. competitors and assessment
Company assessmentDirect peers
- NuScale Power: NuScale is the most advanced US-based SMR developer, pursuing light-water SMR designs for utility and data center customers. It is the closest direct competitor to Applied Atomics in targeting SMR-based clean baseload power for hyperscalers and utilities under long-term offtake structures.
- Oklo: Oklo is developing compact fast reactors and power plants targeting data centers, defense sites, and remote industrial customers with behind-the-meter clean power. It is a fellow Launch Alaska portfolio company and directly comparable as a small, modular nuclear developer pursuing long-term PPAs with industrial buyers.
- Kairos Power: Kairos Power is developing the fluoride salt-cooled high-temperature reactor (FHR) and is constructing a Hermes test reactor under an NRC construction permit. It competes in the advanced nuclear deployment race with its own vertically-integrated model and is targeting utility-scale clean firm power.
- Last Energy: Last Energy is developing a small modular PWR with a fully-integrated, factory-fabricated plant model targeting European industrial and data center customers under long-term PPAs. Its business model of bundling design, manufacturing, financing, and operations closely mirrors Applied Atomics' full-stack approach.
- TerraPower: TerraPower is developing the Natrium sodium-cooled fast reactor with GE Hitachi, targeting utility-scale clean firm power. It competes for the same utility and hyperscaler offtake demand and represents a well-capitalized, high-profile alternative path to advanced nuclear generation.
- X-Energy: X-Energy is developing the Xe-100 high-temperature gas-cooled SMR and has signed commercial agreements with hyperscalers and Dow for industrial decarbonization. It directly competes with Applied Atomics for data center and industrial campus offtake under multi-decade clean power structures.
- Radiant Industries: Radiant is developing a portable 1.2 MWe high-temperature gas microreactor for remote and defense applications. Its CTO (Paul Keutelian) is Applied Atomics' co-founder/CEO, making it the most personnel-overlapping peer and a directly comparable small-footprint nuclear developer pursuing innovative deployment models.
Broad incumbents
- BWX Technologies (BWXT): BWXT is Applied Atomics' licensor and exclusive manufacturer for mPower components, and operates one of the most advanced nuclear manufacturing footprints in the US across naval and commercial nuclear. While not a direct market competitor for commercial SMR power, it is the strategic upstream partner whose decisions gate Applied Atomics' deployment economics.
- Rolls-Royce SMR: Rolls-Royce SMR is a UK-led consortium developing a 470 MWe factory-manufactured PWR targeting UK and international utility customers. Its factory-built, standardized approach is conceptually adjacent to Applied Atomics' model and represents an international incumbent competing for the same modular nuclear narrative.
Others
- Westinghouse Electric Company: Westinghouse is a global incumbent in commercial nuclear, offering the AP1000 reactor and is developing the AP300 SMR. It represents the established large-reactor vendor alternative for utilities considering new nuclear, and an indirect competitor for hyperscaler and industrial clean baseload demand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Applied Atomics, Inc. social profiles
Digital presenceApplied Atomics, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Applied Atomics, Inc. leadership team
Management profileNumber of profiles
Profiles7 records
Applied Atomics, Inc. funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Applied Atomics, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Applied Atomics, Inc.
What does Applied Atomics, Inc. do?
Applied Atomics develops, builds, finances, and operates dedicated medium modular nuclear fission power plants (100 MW to 1 GW per site) at customer locations using BWXT's mPower small modular reactor technology. Customers receive turnkey baseload electricity under a single long-term power purchase agreement covering design, permitting, construction, and operations, with no operational burden on the customer side.
Is Applied Atomics, Inc. a public or private company?
Applied Atomics, Inc. is a private company. It is classified as venture growth investor backed and is currently operating.
When was Applied Atomics, Inc. founded?
Applied Atomics, Inc. was founded in 2025. It employs 11 to 50 people.
Where is Applied Atomics, Inc. based?
Applied Atomics, Inc. is headquartered in Anchorage, United States, in the North America region.
How does Applied Atomics, Inc. make money?
One revenue line is on record: long-Term Power Purchase Agreements (PPAs).
Who are Applied Atomics, Inc.'s main competitors?
Direct peers on record are NuScale Power, Oklo, Kairos Power, Last Energy, TerraPower, X-Energy and Radiant Industries. Broad incumbents are BWX Technologies (BWXT) and Rolls-Royce SMR. Westinghouse Electric Company is listed as an others.
Does Applied Atomics, Inc. have an API?
No public API is recorded for Applied Atomics, Inc..
What industry is Applied Atomics, Inc. in?
Applied Atomics, Inc.'s product category is Small Modular Reactor Nuclear Power Generation. Its primary akta.pro industry code is EUAEAAAC, Nuclear Plant EPC & Construction, with a secondary code of EUACADAI, Nuclear Plant Life Extension & Uprates (Long-Term Operations). Its NAICS code is 221113 and its SIC code is 4991.