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Radiant Industries

ACTIVEDOE PILOT
Active Projects
R-50 Factory — Oak Ridge, TN (Mass Production)
CONSTRUCTION (GROUNDBREAKING EARLY 2026)
LOCATION
Former Manhattan Project site, Oak Ridge, Tennessee
CUSTOMER
Internal manufacturing for global Kaleidos fleet

**World's first factory dedicated to mass-producing portable nuclear reactors.** Announced October 2025; groundbreaking targeted early 2026. Located at a former Manhattan Project site in Oak Ridge, Tennessee — the symbolic birthplace of the US nuclear industry. Name: "R-50" — nods to the historical Oak Ridge site naming convention (K-25, X-10, Y-12, etc.) AND the ambitious 50 reactors/year production target. Strategy: deliver first mass-produced Kaleidos by 2028; scale to 50 reactors/year within a few years.

HALEU Supply Chain — DOE Allocation + Urenco First Commercial Contract
ACTIVE SUPPLY CHAIN (APRIL 2025 DOE ALLOCATION; 2025 URENCO CONTRACT)

Two HALEU supply firsts: (1) Radiant became the **first reactor company to sign a contract with the DOE for HALEU fuel** for the 2026 INL DOME test. April 2025: one of five companies selected by DOE to receive HALEU near-term fuel allocation. (2) Radiant signed the **first binding commercial contract by a US advanced reactor developer for Western commercial HALEU enrichment services** with Urenco — at a ceremony at the US embassy in London. Anchors Radiant's HALEU supply chain across both DOE-allocated and Western commercial sources.

First-Ever Microreactor on US Military Base (USAF / DIU)
CONTRACT SIGNED AUGUST 2025; JOINT BASE ANPI SELECTION APRIL 2026
REACTOR TYPE
Kaleidos (first-of-a-kind military deployment)
TARGET DATE
2028
CUSTOMER
US Air Force + Defense Innovation Unit (DIU)

**First-ever deal for mass-manufactured nuclear microreactors on a US military base.** Initial contract signed August 2025 with DIU + Department of the Air Force for FOAK delivery in 2028. Subsequently selected April 2026 under the Advanced Nuclear Power for Installations (ANPI) initiative alongside Antares (Joint Base San Antonio) and Westinghouse — Radiant's ANPI base assignment + value not yet disclosed. Earlier DoD funding awards evaluated microreactor integration at Hill Air Force Base (Salt Lake City, Utah).

Equinix Data Centers — 20 Kaleidos Microreactors
PRE-ORDER WITH DEPOSITS
20 MWe
REACTOR TYPE
Kaleidos fleet (20 units = 20 MWe)
TARGET DATE
NaN
LOCATION
Equinix data center sites (locations TBD)
CUSTOMER
Equinix (world leader in digital infrastructure / colocation)

August 2025 — Radiant signed deal **with deposits** with Equinix to purchase 20 Kaleidos microreactors for data center power. Part of Equinix's broader nuclear portfolio strategy (parallel deals with ULC-Energy, Stellaria, and Oklo). **First major hyperscaler microreactor commitment with deposits attached** — Equinix put real money down rather than just an LOI.

Kaleidos — Technology Platform
PRE-CRITICALITY (KDU TESTING SUMMER 2026 AT INL DOME)
1 MWe
REACTOR TYPE
High-Temperature Gas-Cooled Reactor (HTGR) microreactor — portable, factory-built
COOLANT
Helium gas (with passive air-jacket natural convection cooling)
FUEL
TRISO HALEU (in prismatic graphite blocks)

Radiant's flagship reactor — 1 MWe / 1.9 MWth (some sources cite 1.2 MWe / 3 MWth post-design refinement). Helium-cooled HTGR with TRISO HALEU fuel in prismatic graphite blocks. Passive air-jacket natural convection cooling for decay heat removal. Containerized — fits in shipping container envelope, transportable by land, sea, or air. Installable in days. Designed for **mass production** rather than bespoke build — aerospace-style factory output. Core thesis: Kaleidos replaces diesel generators wherever continuous off-grid power is needed.

Kaleidos Demonstration Unit (KDU) — INL DOME
REACTOR ASSEMBLY UNDERWAY (PRESSURE VESSEL + FIRST NUCLEAR-GRADE GRAPHITE DELIVERED DEC 2025)
1 MWe
REACTOR TYPE
Kaleidos (1 MWe HTGR)
COOLANT
Helium
FUEL
TRISO HALEU
TARGET DATE
2026
LOCATION
Idaho National Laboratory DOME (Demonstration of Microreactor Experiments) facility
CUSTOMER
DOE Reactor Pilot Program demonstration; INL DOME facility is repurposed EBR-II containment
DOE SUPPORT
DOE Microreactor Demonstration Award (Oct 2023, $3.9M of total $3.9M shared with two others); DOE Reactor Pilot Program (one of 11 named companies)

**First new US reactor design** to be tested at INL's new DOME (Demonstration of Microreactor Experiments) facility — DOME is the repurposed containment structure from the former Experimental Breeder Reactor II (EBR-II), converted by DOE/INL into a dedicated testbed for fueled microreactors. Radiant's testing structured as a yearlong campaign from initial criticality to sustained full-power operation. **Radiant claims to be the only nuclear energy company conducting a full power, commercial-scale, multi-megawatt-powered test at INL DOME in 2026** — distinct from low-power criticality demonstrations of other Pilot Program participants. December 2025 milestone: pressure vessel + first order of nuclear-grade American-made graphite (extruded for the first time in over a decade) delivered, reactor assembly began.

Kaleidos
R&D
1 MWe
REACTOR TYPE
Microreactor
COOLANT
Helium
FUEL
TRISO (HALEU)
TARGET DATE
2027
CUSTOMER
Military/Remote
DOE SUPPORT
DARPA microreactor program

Portable 1 MWe helium-cooled microreactor for military forward operating bases and remote industrial sites. Truck-deployable, self-contained, containerized design.

Funding Intelligence
Series A$40MFounders Fund, DCVC
Q2 2022

Series A round. Specific amount not publicly disclosed at full detail. Established Radiant's engineering team and El Segundo operations.

DOE Microreactor Demonstration Award$3.9M (one of three companies sharing total)DARPA
Q4 2023

October 2023 — Radiant selected as one of three advanced nuclear energy developers to receive funding totaling $3.9M from DOE for developing and testing microreactor designs using INL's DOME facility. Foundational federal R&D capital for the Kaleidos demonstration pathway.

Series BSpecific terms not fully publica16z American Dynamism (Andreessen Horowitz)
Q4 2023

Series B led by a16z American Dynamism. Establishes Radiant within the defense-tech / national-security venture ecosystem. Specific amount not fully disclosed publicly.

Series C$165M (initial $100M Nov 2024 + extension to $165M June 2025)DCVC
Q4 2024

Series C funding announced November 14, 2024 with $100M led by DCVC. Extended to $165M total by June 2025 close with additional Giant Ventures, StepStone, ARK Venture Fund. Funded Kaleidos Development Unit (KDU) for INL DOME testing.

Series D$300M+Draper Associates, Boost VC
Q4 2025

Series D announced December 17, 2025 — over $300M raised in just a few weeks, six months after Series C close. Led by Draper Associates and Boost VC (Tim Draper + Adam Draper publicly endorsed Radiant's execution discipline). Additional investment from Founders Fund, ARK Venture Fund, Chevron Technology Ventures (Chevron — first major energy company on the Radiant cap table). Funds R-50 Oak Ridge factory groundbreaking + commercialization scale-up. Cumulative funding $465M+.

Company Snapshot
CEO
Doug Bernauer
Total Funding
$40M
Last Round
$300M+
Q4 2025
Funding Stage
Series D ($465M+ cumulative; Series D >$300M closed Dec 2025)
Founded
2019
HQ
El Segundo, USA
Customer
Internal manufacturing for global Kaleidos fleet
Key Investors
Founders Fund
Peter Thiel's venture fund
DCVC
Deep tech VC, defense and science focus
DARPA
a16z American Dynamism (Andreessen Horowitz)
Draper Associates
Boost VC