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Antares raises $470M to build nuclear reactors for the US military; plus, Thea Energy lands $20M federal grant to build its magnets for fusion reactors

7 min•28 juli 2026

Antares has raised $470 million to build small modular reactors — 100 kW to 1 MW — for U.S. Air Force bases.

Also, fusion power startup Thea Energy snagged a $20 million award from ARPA-E to scale production of its high-temperature superconducting magnets.

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