Radiant

Develops portable nuclear microreactors for electricity generation

Updated Jun 17, 2026

Overview

Status
Private
Industry
Nuclear Energy
Sector
Microreactors
Founded
2020
HQ
El Segundo, California, United States
Employees
150

Thesis

Demand for reliable, always-on power is surging in remote locations, disaster recovery scenarios, military operations, data centers, and critical infrastructure, where traditional grids are unavailable or unreliable and diesel generators impose high fuel costs, emissions, and logistical burdens. Climate imperatives and the intermittency of renewables heighten the need for dense, dispatchable clean energy sources that can deploy rapidly without massive site infrastructure. Advances in high-assay low-enriched uranium (HALEU) fuel forms, passive safety designs, and streamlined regulatory pathways for advanced reactors are converging with policy support to enable smaller, factory-produced nuclear systems that were previously impractical at scale.

About

Radiant develops portable nuclear microreactors designed as direct replacements for diesel generators. Its lead product, the Kaleidos, is a 1 MW electric (with additional thermal output) helium-cooled, TRISO-fueled microreactor packaged in a shipping-container-sized unit that requires no on-site water, can be transported by truck or air, and achieves full power shortly after delivery. The design emphasizes factory assembly, fueling, and testing for simplified deployment and regulatory approval, paired with a centralized fleet monitoring system for autonomous operation across multiple units. Radiant targets commercial and defense customers seeking resilient, zero-emission power for remote communities, hospitals, data centers, and military bases.

Radiant Nuclear: Homepage - Radiant NuclearRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactors

History

Radiant was founded in 2020 by Doug Bernauer, a former SpaceX engineer who identified nuclear microreactors as a solution for reliable power after exploring options for Mars colonization and terrestrial remote applications, alongside co-founder and CTO Bob Urberger. The team drew on aerospace-style rapid iteration and testing practices to pursue a compact, mass-producible reactor architecture. Early development focused on core technologies including TRISO fuel compatibility and helium cooling, followed by regulatory engagement and partnerships with national labs. Key milestones include securing initial funding rounds, selection for testing at Idaho National Laboratory’s DOME facility targeted for 2026, announcement of a production factory in Oak Ridge, Tennessee, and commercial agreements such as a multi-unit deal with Equinix and a military pilot with the Defense Innovation Unit.

Radiant Nuclear: Why I Started RadiantRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsRadiant Nuclear: Radiant to Build First Portable Nuclear Generator Factory on Tennessee Manhattan Project Site

Team

Doug Bernauer

Chief Executive Officer and Co-founder

Doug Bernauer spent approximately 12 years at SpaceX starting around 2007-2008, where he contributed to avionics and R&D projects including leadership roles on the Grasshopper reusable rocket prototype and initiatives connected to Hyperloop and the Boring Company. He holds a degree from Case Western Reserve University and has an electrical engineering background, with early professional experience in automation before joining the space sector. His extensive experience in high-stakes engineering execution and testing at SpaceX directly informed his decision to found Radiant to apply similar principles to portable nuclear power.

Radiant Nuclear: Why I Started RadiantRadiant Nuclear: Radiant raises over $300 million in new fundingForbes: This Former SpaceX Engineer Just Raised $40 Million To Build Portable Nuclear ReactorsSourcery: Radiant CEO Doug Bernauer on Portable Nuclear Microreactors

Bob Urberger

Co-founder (former Chief Technology Officer)

Bob Urberger previously worked as a Flight Software Engineer at SpaceX for over six years, focusing on embedded software, flight software, FPGA engineering, and related systems. He earned a Bachelor’s Degree in Computer Engineering from Saint Louis University. After departing Radiant in early 2025, he has served as a Venture Partner at Cyrus Ventures.

LinkedIn: Bob UrbergerRadiant Nuclear: Why I Started RadiantCyrus Ventures: TeamContrary Research: Radiant Business Breakdown & Founding Story

Tori Shivanandan

President and Chief Operating Officer

Prior to joining Radiant, Tori Shivanandan served as a senior leader at McMaster-Carr, one of America’s largest engineering supply companies, with deep expertise in operations and supply chain management. She previously founded and led Baggio Consulting, LLC as CEO and owner, worked as an operations consultant at Happy Returns (later acquired by PayPal), and was a founding member of Eluma, building a track record in scaling operations for growth-oriented companies across tech and industrial sectors.

LinkedIn: Tori ShivanandanRadiant Nuclear: Radiant raises over $300 million in new fundingDeep Tech Week: Tori ShivanandanNot Boring: Radiant

Rita Baranwal

Chief Nuclear Officer

Dr. Rita Baranwal most recently served as Senior Vice President of Westinghouse’s AP300 Small Modular Reactor program and previously as Chief Technology Officer at Westinghouse, where she led innovation, R&D, and advanced reactor technologies across the company’s global nuclear portfolio. She also served as Assistant Secretary for Nuclear Energy at the U.S. Department of Energy from 2019 to 2021, overseeing national nuclear technology research, development, and deployment. She holds a Bachelor of Science in Materials Engineering from the Massachusetts Institute of Technology and a Ph.D. in Materials Engineering from the University of Michigan.

Radiant Nuclear: Dr. Rita Baranwal Joins Radiant as First Chief Nuclear OfficerLinkedIn: Dr. Rita BaranwalU.S. NRC: Rita Baranwal - NRC RIC

Mike Starrett

Chief Revenue Officer

Dr. Mike Starrett earned his Ph.D. from Oregon State University, specializing in system modeling and advanced controls. He brings more than a decade of experience leading commercial strategy, business development, and technical management in the energy and renewables sectors, including prior roles as Chief Commercial Officer for North America and various technical manager and department head positions focused on commercialization and technical leadership.

Radiant Nuclear: Radiant raises over $300 million in new fundingLinkedIn: Mike StarrettRenewable Energy World: Mike Starrett: Graduating Researcher

Ale Palma

Chief Financial Officer

Ale Palma has held key finance leadership positions in high-growth technology companies, including Vice President of Corporate Finance and Investor Relations at PsiQuantum and CFO or CFO/COO roles at fintech startup Toqio and legal tech company Legl. He earned a Ph.D. in Nuclear Physics from Sapienza University of Rome and brings expertise in financial strategy, investor relations, partnerships, and scaling operations for deep tech and innovative startups.

Radiant: Radiant announcement of Ale Palma joining as CFOHR Today: Radiant Appoints Ale Palma as Chief Financial OfficerLinkedIn: Ale Palma

Products

Kaleidos

Kaleidos is Radiant’s flagship portable nuclear microreactor, a high-temperature gas-cooled design using TRISO fuel and helium coolant that delivers approximately 1 MW of electric power (with 1.9 MW thermal output for heating or desalination) in a fully containerized package transportable by truck or aircraft. The system requires no on-site water, relies on passive air cooling and natural convection for safety, and supports efficient operation across a wide power range to enable resilient microgrids or backup power. Factory-assembled, fueled, and tested prior to delivery, each unit achieves full power shortly after arrival and operates for five or more years before factory refueling, supporting a total product lifetime of up to 20 years across four fuel cycles. As of June 2026, Radiant is advancing toward a fueled, full-power demonstration test of its commercial unit design at Idaho National Laboratory’s DOME facility in summer 2026—the first new U.S. reactor design tested there in nearly 50 years—with construction of its R-50 mass-production factory in Oak Ridge, Tennessee, slated to begin in early 2026 and initial customer deployments targeted for 2028. Traction includes a preorder agreement with deposits from Equinix for 20 units announced in August 2025 and progression of the first agreement for mass-manufactured microreactors on a U.S. military base, initially signed in 2025 with the Defense Innovation Unit and Department of the Air Force for delivery by 2028, with specific selection in April 2026 for deployment at Buckley Space Force Base; units are offered via direct sales or power purchase agreements alongside centralized 24/7 fleet monitoring.

Radiant Nuclear: Homepage - Radiant NuclearRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsRadiant Nuclear: Radiant Signs Agreement Designed to Deliver Nuclear Microreactor to U.S. Military Base in 2028World Nuclear News: Equinix signs further agreements with SMR developersU.S. Department of Energy: Radiant Completes Study for First Kaleidos Microreactor ExperimentWorld Nuclear News: Radiant to locate microreactor factory in TennesseeRadiant Nuclear: Air Force selects Radiant to deliver microreactors to Buckley Space Force Base

Financials

Business Model

Radiant generates revenue primarily through direct sales of its Kaleidos portable nuclear microreactors or via Power Purchase Agreements (PPAs) under which customers pay for delivered power. The company targets defense/government customers (e.g., U.S. Air Force agreements for base installations), commercial data center operators (e.g., Equinix preorder), remote industrial sites, and critical infrastructure users seeking diesel replacement. Pricing is not publicly detailed but centers on unit sales of the ~1 MW containerized systems or long-term offtake contracts; additional streams may include refueling services over the reactor's multi-decade life. Gross margins are expected to be high once at scale due to factory-based mass production, though current operations remain pre-commercial.

Radiant Nuclear: Homepage - Radiant NuclearRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactors

Revenue

As of mid-2026, Radiant remains pre-revenue while advancing through development, regulatory, and manufacturing milestones toward first customer deliveries targeted for 2028. The company has secured notable forward commitments including a preorder with deposits from Equinix for 20 units and agreements with the U.S. Department of Defense/Air Force for potential 2028 deployments, supported by over $500 million in total venture funding. Revenue trajectory is expected to begin post-demonstration testing (planned for 2026) and factory ramp-up, shifting from pure R&D to commercialization in the defense and data center verticals.

Radiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsACCESS Newswire / Yahoo Finance: Radiant Announces Equinix Preorder & Deposits for 20 Kaleidos Microreactors

Funding

Radiant’s December 2025 Series D valued the company at $1.8 billion and raised more than $300 million, funding scaling of commercialization efforts including preparation for groundbreaking on its R-50 factory in Oak Ridge, Tennessee, and supporting progress toward its first reactor test. The round was led by Draper Associates and Boost VC with participation from existing investors and was later further oversubscribed by a February 2026 strategic investment from Lockheed Martin Ventures. This represents a substantial valuation increase relative to the prior Series C, which closed at a total of $225 million in venture funding and was driven by milestones such as DOE HALEU fuel selection, regulatory submissions, and commercial agreements. The investor base has evolved from early angel support and leads like Union Square Ventures and Andreessen Horowitz to include strategic capital from Chevron Technology Ventures and Lockheed Martin Ventures. The capital supports Radiant’s targeted 2026 DOME facility test and 2028 initial customer deployments.

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Competition

Westinghouse eVinci

Westinghouse develops the eVinci microreactor, a transportable, factory-assembled unit designed for decentralized remote power applications including military installations, data centers, mining, and industrial sites. It directly overlaps with Radiant through similar scale (up to 5 MWe), containerized transportability, TRISO fuel, DOE-supported testing at Idaho National Laboratory, and targeting of diesel-replacement use cases in austere environments. The design leverages decades of Westinghouse nuclear engineering experience combined with heat-pipe cooling for simplified passive safety and minimal maintenance. Structural strengths include an established supply chain, regulatory familiarity from legacy operations, and broad application flexibility across power and process heat. Constraints relative to pure-play microreactor startups include potentially slower agility in mass-production scaling and higher overhead from a large corporate structure. Traction includes selection for U.S. Air Force base deployments under ANPI programs and parallel DOE microreactor demonstration pathways. Durable positioning rests on heat-pipe technology maturity and integration with existing nuclear fuel ecosystems rather than snapshot deployment timelines.

Westinghouse Nuclear: eVinci™ MicroreactorIEEE Spectrum: Two Nuclear Microreactors Reach MilestoneWorld Nuclear News: US Department of Defense selects eight potential microreactor suppliersU.S. Air Force: Air Force selects three microreactor developers for ANPI

Antares Nuclear R1

Antares Nuclear focuses on factory-produced fission microreactors optimized for defense-critical and remote applications on Earth, in space, and underwater, with the R1 design targeting 100 kWe to 1 MWe output for multi-year operation without refueling. It competes directly with Radiant via emphasis on rapid deployability, military base use cases under the same DOD ANPI program, TRISO or similar robust fuels, and factory manufacturing for transportable units. The approach prioritizes passive sodium heat-pipe cooling and automated controls suited to austere environments. Durable strengths include specialized focus on mission-critical resilience and vertical integration in manufacturing. Limitations may stem from narrower initial market concentration on defense versus broader commercial data-center ambitions. Traction encompasses Air Force base selections under ANPI and progress in DOE-supported demonstration pathways. Structural advantages arise from purpose-built modularity for strategic energy needs that align closely with portable microreactor economics in high-value niches.

Antares Nuclear: Antares Nuclear: Factory-Produced Fission MicroreactorsU.S. Department of Energy: 3 Microreactor Experiments to Watch Starting in 2026ANS Nuclear News: Air Force selects three microreactor developers for ANPIWorld Nuclear News: US Air Force announces selections for microreactor deployments

Aalo Atomics

Aalo Atomics develops mass-manufacturable modular nuclear plants and microreactor pods, such as the Aalo-1 sodium-cooled units, purpose-built primarily for data centers and high-demand commercial applications with factory fabrication enabling rapid deployment. Overlap with Radiant centers on factory-centric production models, targeting of data-center customers, and modular scalability for clean baseload power. The sodium-cooled, low-pressure design supports high energy density and passive safety features. Structural strengths include aggressive focus on cost predictability through modularity and economies of numbers, plus DOE site access at Idaho National Lab for testing. Potential constraints involve a technology choice (sodium) that differs from gas-cooled approaches and a pod-scale emphasis versus single-unit portability. Traction features substantial recent funding rounds, pilot factory progress, and advancement toward demonstration milestones. Durable positioning derives from engineering emphasis on manufacturability and regulatory streamlining via test data leverage rather than legacy scale.

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NANO Nuclear Energy ZEUS

NANO Nuclear Energy develops portable advanced microreactors including the ZEUS solid-core battery design, engineered as a sealed, shipping-container-compatible unit for remote terrestrial and specialized applications with long operational life. It overlaps Radiant through explicit portability focus, containerized form factors, remote power replacement potential, and micro-scale output suited to off-grid or mobile needs. The solid-core approach eliminates traditional coolant loops for inherent simplicity and safety. Durable strengths encompass vertical integration ambitions across fuel fabrication and transport alongside a public listing providing capital access. Weaknesses relative to peers may include less mature demonstration progress compared to DOE-selected peers and broader portfolio dilution across stationary and space variants. Traction includes non-nuclear core testing milestones and patent activity protecting proprietary designs. Structural positioning rests on the sealed-core battery concept enabling transportability advantages in markets valuing minimal infrastructure.

NANO Nuclear Energy: ZEUSNANO Nuclear Energy: NANO Nuclear Energy | SMALLER CHEAPER SAFERWorld Nuclear News: NANO reactor core block ready for testing

Oklo Aurora

Oklo develops advanced fission powerhouses under the Aurora line, including microreactor configurations for data centers, industrial sites, communities, and defense facilities with modular, factory-influenced designs and long refueling intervals. Direct competition arises from shared military microreactor pilots under ANPI eligibility, data-center power applications, and emphasis on clean reliable baseload via fast-reactor technology. The approach benefits from fuel recycling heritage and inherent safety characteristics of metal-fueled fast designs. Structural strengths include specific DOD microreactor program eligibility, INL site progress, and a growing pipeline of offtake interest. Constraints may include evolution toward larger scales that reduce pure micro-portability emphasis compared to containerized units. Traction encompasses environmental reviews cleared and pilot project advancements. Durable advantages stem from fast-reactor experience and vertical integration potential in fuel supporting long-term ecosystem positioning.

Oklo Inc.: Oklo Inc. - HomeU.S. Air Force: Microreactor pilot reaches major project milestoneWorld Nuclear News: US Department of Defense selects eight potential microreactor suppliers

Risks

Regulatory risks from spent nuclear fuel storage requirements constraining site selection and licensing timelines

Radiant’s refueling model requires shipping depleted Kaleidos units back to the factory for temporary above-ground spent fuel storage and refueling after five or more years of operation, creating direct exposure to state-level nuclear waste regulations that forced rejection of a planned Wyoming manufacturing site in October 2025 because Wyoming law limits spent fuel storage to operating reactor sites only and legislative efforts to accommodate manufacturers were tabled. This regulatory uncertainty prompted selection of the Oak Ridge, Tennessee R-50 factory site on a Manhattan Project location instead, with construction targeted to begin in early 2026 and first production by 2028. The NRC accepted Radiant’s 10 CFR Part 70 license application for the facility in May 2026 and launched an expedited review aiming for completion within eight months by December 2026, yet the Kaleidos design remains in pre-application engagement with the NRC since October 2022 and full commercial reactor licensing carries ongoing timeline uncertainty that could delay targeted initial customer deployments. Any further permitting friction at the state or federal level for fuel handling or facility operations would directly impact the ability to achieve mass production scale of up to 50 units per year. Tennessee’s selection provides greater immediate regulatory certainty and leverages existing nuclear workforce expertise, while ongoing DOE pilot program participation and expedited NRC processes offer partial acceleration for the facility license specifically.

Oil City News: Regulatory hurdle blocks nuclear factory as Radiant Industries rejects Wyoming for TennesseeAmerican Nuclear Society: NRC to review Radiant R-50 Part 70 license applicationRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactors

Execution risk centered on the first fueled test of a new commercial reactor design in over 50 years

Radiant plans a fueled demonstration of its Kaleidos microreactor at Idaho National Laboratory’s DOME facility in summer 2026, positioned as the first new U.S. commercial reactor design to achieve fueled testing in over 50 years following DOE approvals including the Preliminary Documented Safety Analysis. Successful completion is a prerequisite for validating the design ahead of factory production ramp-up and honoring customer agreements such as the Equinix preorder for 20 units and the DIU/Air Force agreement targeting military base deployment by 2028. The company has begun reactor assembly with delivery of key components including the pressure vessel and nuclear-grade graphite, secured HALEU feedstock for the test via DOE contract, and met prior non-fueled milestones on or ahead of schedule. Technical challenges, safety findings, or schedule slips during this high-stakes integrated test at a national lab facility would cascade into delays for commercial licensing, factory operations, and revenue generation in a capital-intensive development program. Prior DOE and NRC pre-application progress plus selection for the Nuclear Reactor Pilot Program provide structured support, but the novelty of the test pathway for this design class leaves limited precedent for contingency execution.

Radiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsU.S. Department of Energy: Radiant Completes Study for First Kaleidos Microreactor ExperimentRadiant Nuclear: Radiant Signs Agreement Designed to Deliver Nuclear Microreactor to U.S. Military Base in 2028

Dependence on limited HALEU fuel supply chain for scaling beyond initial units

Kaleidos relies on high-assay low-enriched uranium (HALEU) TRISO fuel to achieve its compact portable design and multi-year refueling cycle, with Radiant securing DOE allocation and the first binding commercial HALEU enrichment contract with Urenco plus partnerships with Centrus Energy and Uranium Energy Corp for near-term needs including the 2026 test. Scaling to the R-50 factory’s long-term target of 50 reactors per year would require substantial expansion of domestic commercial HALEU production and TRISO fabrication capacity that currently remains constrained industry-wide despite government programs. The company has positioned itself with early contracts and feedstock receipts sufficient for the demonstration core, yet broader supply infrastructure buildout depends on third-party investments and policy support that introduce external execution variables. Partnerships with established fuel suppliers mitigate short-term test and early production risks, while the overall U.S. push for advanced reactor fuel independence provides tailwinds, but any shortfall in HALEU availability at commercial volumes would constrain production ramp and contract fulfillment.

Radiant Nuclear: Radiant Industries Partners with Centrus Energy to Secure Commercial HALEU Supply for Kaleidos Portable MicroreactorRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsWorld Nuclear News: DOE delivers HALEU feedstock for advanced reactor fuel

Key-person dependence on founder and CEO Doug Bernauer for execution continuity

Doug Bernauer, co-founder and CEO with a background of 12 years at SpaceX applying rapid hardware iteration principles, has led Radiant since its 2020 founding and shaped its transparent “anti-stealth” development approach, test-first strategy, and progress toward the 2026 DOME test and 2028 deployments. As a still-growing company with roughly 100-200 employees, Radiant’s ability to navigate complex nuclear regulatory, technical, and manufacturing challenges remains closely tied to Bernauer’s leadership and vision for mass-produced portable reactors. Recent additions to the leadership team, including Chief Nuclear Officer Dr. Rita Baranwal (former Assistant Secretary for Nuclear Energy), provide expanded expertise in regulatory and nuclear operations domains. Sustained execution momentum through factory construction, test completion, and initial commercial deliveries would benefit from this broadening bench, yet the founder’s central role in investor confidence, milestone delivery, and strategic decisions creates structural key-person exposure typical of early-stage deep-tech ventures in highly regulated fields.

Radiant Nuclear: Why I Started RadiantRadiant Nuclear: Radiant raises over $300 million in new funding to mass-produce portable nuclear reactorsLinkedIn: Doug Bernauer - Chief Executive Officer at Radiant

Sentiment

Skepticism on aggressive timelines for testing and commercial deployment

Nuclear community members on Reddit frequently question whether Radiant can realistically achieve a fueled test at INL's DOME facility in 2026 and initial commercial deliveries by 2028. Commenters cite the lack of prior NRC licensing for helium-cooled HTGR designs, challenges with HALEU fuel fabrication and supply, and the typical length of regulatory reviews as reasons for doubt, viewing the targets as optimistic or primarily investor-facing. Recent discussions highlight Radiant's apparent lower odds or withdrawal from the DOE Reactor Pilot Program targeting July 2026 criticality per prediction markets and insider sentiment, with some noting slippage as likely despite pre-application progress. A minority view acknowledges potential for accelerated DOE pathways in military or pilot contexts but still sees delays probable.

Reddit r/nuclear: What do you all think about Radiant Nuclear and the Kaleidos 1MW portable microreactor?Reddit r/nuclear: DOE Reactor Pilot Program - Who will make July-4 criticalityReddit r/nuclear: Nuclear Power Startups Are Heating up in Southern California...

Doubts on technical feasibility of the portable containerized design

Independent voices in nuclear-focused discussions express concerns about core claims like fitting a functional 1 MW helium-cooled TRISO reactor with adequate shielding into a standard shipping container for easy transport. Specific issues raised include radiation shielding adequacy for personnel safety and maintenance access, integration of power conversion and cooling systems without excessive self-consumption or inefficiencies, and overall realism of the compact HTGR configuration given historical precedents. Some label aspects as conceptually flawed or unproven at this scale, though others note TRISO's inherent safety features as a mitigating factor.

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Questions on economic viability and limited market applicability beyond niches

r/nuclear participants debate the commercial sense of 1 MW units, noting high fuel cost fractions at micro scales, elevated generation costs compared to diesel or renewables-plus-storage in many scenarios, and an overcrowded microreactor field where only specialized use cases (e.g., military bases to reduce fuel convoy risks, remote off-grid sites, or data center backups) may justify premiums. Broader grid or industrial applications are seen as unlikely without major cost reductions or demonstrated performance. Positive notes exist on military interest due to logistics and security benefits, but overall consensus leans toward niche rather than mass-market potential.

Reddit r/nuclear: What do you all think about Radiant Nuclear and the Kaleidos 1MW portable microreactor?Reddit r/nuclear: Nuclear Power Startups Are Heating up in Southern California...

Recognition of relative progress amid funding, partnerships, and regulatory steps

While tempered by caveats, some community members and observers acknowledge Radiant's advancements compared to peers, including substantial venture funding (hundreds of millions), contracts or agreements with the USAF/DIU and mentions of Equinix interest, hiring of experienced nuclear leadership, factory planning in Oak Ridge/Tennessee, and progress through DOE and NRC pre-application processes including PDSA approvals. This positions the company as further along in hardware development and government engagement than many microreactor startups, though execution risks and timeline questions remain the focus of discussion.

Reddit r/nuclear: What do you all think about Radiant Nuclear and the Kaleidos 1MW portable microreactor?Reddit r/nuclear: Nuclear Power Startups Are Heating up in Southern California...Reddit r/nuclear: Radiant PDSA Approved