Gov. McMaster Welcomes The Nuclear Company Engineering/Construction Office to South Carolina

Company completes Series A funding to support fleet-scale nuclear deployment

COLUMBIA, S.C.--(BUSINESS WIRE)--The Nuclear Company, which is pioneering the modernization of nuclear construction and leading fleet-scale deployment of nuclear power across America, today announced the opening of the company’s primary engineering and construction office in Columbia, S.C., in support of its mission to revitalize nuclear energy in the United States.

"When South Carolina attracts businesses like The Nuclear Company, it strengthens our economy, creates new opportunities for our people, and reinforces our position as a leader in energy innovation," said South Carolina Gov. Henry McMaster. "Reliable, affordable energy is essential for our future prosperity, and this investment marks another step toward securing a bright future for our state. As our population increases and technology advances, expanding nuclear power will be critical to meeting our energy needs."

South Carolina ranks as the third-largest nuclear-producing state with more than half of its power generated by nuclear. The region also offers a number of strategic advantages, including a robust energy infrastructure and leadership committed to nuclear’s resurgence in the United States.

The Nuclear Company emerged from stealth mode in 2024, responding to America’s surging energy demand with an innovative approach that redefines nuclear construction. The company today also announced the completion of its Series A funding round, led by Eclipse. The round includes follow-on investments from all prior investors. Those include CIV, whose co-founder Patrick Maloney also co-founded and serves as chairman of The Nuclear Company. Additional investors include True Ventures, Wonder Ventures, Goldcrest Capital, and MCJ Collective.

Joining The Nuclear Company’s board is Greg Reichow, partner at Eclipse and a former executive at Tesla overseeing global manufacturing, factory/automation engineering, supply chain, and product excellence.

“U.S. reindustrialization depends heavily on the availability of low cost and clean baseload power. However, our country’s ability to scale nuclear power is one of the most critical challenges of our time,” Reichow said. “The Nuclear Company is taking a disciplined, scalable approach to nuclear construction — one that mirrors the industrialization and rapid scaling we’ve seen in other sectors like automotive and aerospace. Eclipse is thrilled to support this team as they execute on their ambitious mission.”

Despite the need for nuclear’s firm baseload power, the biggest challenges facing the industry, which creates high-paying head-of-household jobs, are that nuclear projects are almost always over budget and behind schedule. The Nuclear Company, which is evaluating sites to support a 6-gigawatt fleet of reactors, aims to avoid those pitfalls through its design-once, build-many methodology, which lowers costs and minimizes delays. This approach leverages advanced construction and manufacturing methods alongside cutting-edge digital technologies, such as AI-driven site selection, real-time construction updates, and integrated supply chain logistics.

Key to The Nuclear Company’s approach is using proven, licensed technology, which will allow the company to achieve significant cost reductions and shortened project timelines, meeting its commitment to on-time, on-budget deployment of its first fleet of nuclear reactors in America.

“America’s longstanding leadership in nuclear power is threatening to slip away,” said The Nuclear Company Co-founder & CEO Jonathan Webb. “China has built 37 reactors in the past decade, with 30 more under construction and another 80 expected in the next 10 years. In that time, America has built only two reactors, with none under construction. We can’t stand to lose nuclear and its technology development like we lost manufacturing and all of its jobs. Beyond that, AI and the electrification of everything need nuclear’s firm, clean baseload power. The Nuclear Company is coming to South Carolina to show how we can meet these challenges and continue to grow both employment and the American economy at large.”

About The Nuclear Company
The Nuclear Company is pioneering the modernization of nuclear construction and leading fleet-scale deployment of nuclear power across America. By integrating proven, licensed reactor technologies with digital innovation and its design-once, build-many methodology, the company aims to reduce costs and shorten development timelines. This approach leverages AI-powered real-time construction monitoring and advanced project management to streamline deployment and ensure on-time, on-budget delivery. The Nuclear Company is committed to delivering safe baseload electricity at the lowest cost, while catalyzing the nuclear industry toward rapid development in America and globally. For more information, visit: www.thenuclearcompany.com.