Investors have put more than $6 billion into nuclear fission and fusion startups in 2026, a record by Crunchbase's count. The IPO market those investors would one day sell into has marked most recent nuclear listings far below their peaks.
Reality
- Evidence55
- Adoption15
- Hype gap+30
- Incentives35
- Confidence55
Centrica and X-energy have the Xe-100 in the UK Generic Design Assessment, a three-regulator review running about three years. Planners get an 80 MWe unit, plant sizes of 320 to 960 MW, and a schedule that stops short of site licensing.
Reality
- Evidence42
- Adoption24
- Hype gap+40
- Incentives68
- Confidence45
A Department of Energy design approval and two boreholes outside Parsons, Kansas, begin the test, but the cost line this design is meant to delete has never been quantified in public, and the demonstration is targeted for 2027.
Reality
- Evidence58
- Adoption18
- Hype gap+28
- Incentives62
- Confidence55
The only small modular reactor design the NRC has ever certified now says the binding constraint is paperwork. The remedy it has bought is a nuclear-trained retrieval tool measured once, in a proof of concept, at 80% faster.
Reality
- Evidence30
- Adoption14
- Hype gap+45
- Incentives72
- Confidence42
Operating profit rose 53% to 316.8 billion won while revenue shrank, so the entire gain is margin. The 1.2 trillion won of net cash it leaves behind is what pays for the plant and data centre work DL E&C has not yet won.
Reality
- Evidence62
- Adoption54
- Hype gap+24
- Incentives78
- Confidence58
HiddenLayer says it will contribute to Prometheus, the Idaho-led federal effort to put AI into reactor work. The Phase II selection belongs to the consortium, and still depends on appropriations.
Reality
- Evidence54
- Adoption22
- Hype gap+30
- Incentives76
- Confidence46