ARC Clean Technology announced the successful closing of its Series B financing round, with proceeds designated to advance commercialization programs for the ARC-100, a 100 MWe advanced sodium-cooled fast reactor. The funding round attracted investors from across the energy, infrastructure, and technology sectors, including Xplor Ventures, Hennessy Capital Group, Cleantech Ventures, Core Synergy and Banpu Ventures. This investment is significant because it demonstrates growing private sector confidence in advanced nuclear technology as a viable solution for meeting increasing energy demands while reducing carbon emissions.
The financing will support ARC's ongoing work with the U.S. Department of Energy (DOE), its collaboration agreement with Korea Hydro & Nuclear Power (KHNP) for global advanced small modular reactor fleet deployment, and continuation of its Canadian project development supported by strategic partner Hatch. James Wolf, newly appointed CEO of ARC Clean Technology, stated that the investment reflects strong confidence in the company's progress and the capability of the ARC-100 to deliver reliable, clean heat and power for energy-intensive industries and next-generation data centers. This matters because it positions Northern Virginia and surrounding areas as potential beneficiaries of this technology, particularly given the region's concentration of data centers and technology companies requiring substantial, reliable power.
ARC's simple advanced reactor design uses proven sodium-cooled fast reactor technology and is generating interest from multiple jurisdictions and project developers seeking reliable, clean energy to support AI data centers, industrial applications, and on-grid power. In the United States, ARC is a grant funding awardee of the US Department of Energy Advanced Reactor Demonstration Program to develop and deploy the ARC-100. This programmatic support is crucial because it aligns federal resources with private investment to accelerate the deployment of next-generation nuclear technology that could help meet regional and national clean energy goals.
In Canada, ARC has been working with New Brunswick Power on a commercial demonstration of the ARC-100 at the Point Lepreau site. The company successfully completed Phase 2 of the Canadian Nuclear Safety Commission's rigorous Vendor Design Review process in 2025, making it the only advanced reactor technology in Canada to have achieved both this milestone and the submission of a License to Prepare Site application in 2023. ARC also announced the formation of NuARC, a partnership entity with Calgary-based Nucleon Energy to develop and deploy the ARC-100 starting in Alberta, Canada. These developments are important because they create a pathway for commercial deployment that could serve as a model for similar projects in the United States, potentially benefiting the Mid-Atlantic region's energy infrastructure.
The ARC-100's high-temperature, zero-emission design is considered ideally suited to power hyperscale data centers and heavy industry. Amar Jolly, Managing Director of Power at Hatch, noted that his company looks forward to continuing its partnership as ARC advances toward commercial deployment. The financing enables ARC to accelerate deployment with partners in the United States, Canada, and internationally as demand grows for carbon-free power solutions. This acceleration matters because it addresses the urgent need for scalable, reliable clean energy sources to support economic growth while meeting climate objectives, particularly in regions like Northern Virginia where energy demands are rapidly increasing due to technological expansion.
