Standard Nuclear

Standard Nuclear, Inc. is an independent advanced nuclear fuel company focused on the design, engineering, and manufacturing of TRISO (TRistructural-ISOtropic) fuel for advanced nuclear reactors. Founded in 2024 and headquartered in Oak Ridge, Tennessee, the company operates the only dedicated, privately funded, industrial-scale TRISO production line in the United States. The company's origin is unique, as it was established by investors who recognized the critical need for a reactor-agnostic fuel supplier to support the growing advanced nuclear industry. In a strategic move in early 2025, Standard Nuclear acquired the assets, including the Oak Ridge facility and TRISO fuel manufacturing intellectual property, from the bankrupt Ultra Safe Nuclear Corporation (USNC) for approximately $28 million. The company is led by CEO Dr. Kurt Terrani, a recognized expert in nuclear fuel, and was founded by Thomas Hendrix, who serves as the Executive Chairman. Under their leadership, Standard Nuclear has secured significant funding, including a $42.5 million seed round in June 2025 and a $140 million Series A round in January 2026, with investors such as Decisive Point, Andreessen Horowitz, and Chevron Technology Ventures. In July 2026, the company went public on the NYSE under the ticker "STDN". For the twelve months ending March 31, 2026, the company reported revenues of $3.36 million. Standard Nuclear's business model is centered on being a toll-manufacturer; it does not own or operate reactors. Instead, customers, which include developers of small modular reactors (SMRs), microreactors, and federal agencies, provide the uranium feedstock, and Standard Nuclear converts it into finished fuel. This model insulates the company from the volatility of uranium prices. The company's flagship product, TRISO fuel, consists of uranium kernels encased in multiple ceramic and carbon layers, which allows it to withstand extreme temperatures without melting, making it a key component for the safety of next-generation reactors. The company serves clients in the industrial, defense, and space exploration sectors. In June 2026, Standard Nuclear formed a partnership with Oklo to explore nuclear fuel recycling and the use of surplus U.S. plutonium for advanced reactor fuel. Keywords: TRISO fuel, advanced nuclear fuel, small modular reactors, SMRs, microreactors, nuclear energy, HALEU, reactor-agnostic, uranium enrichment, nuclear fuel manufacturing, Oak Ridge, Decisive Point, Andreessen Horowitz, Kurt Terrani, Thomas Hendrix, next-generation reactors, space power systems, defense applications, nuclear fuel cycle, decarbonization, clean energy, radioisotope power systems, baseload power, energy security.