Project Omega Raises $80 Million in Series A

B Capital led the round for the U.S. startup developing technology to recycle used nuclear fuel.

Updated on Nov. 10, 2026 in Nuclear

Bold flat-color editorial illustration of a single steel containment vessel beside a processing module on a concrete pad, rendered in deep red, cream, and steel gray. — Project Omega raised $80 million in a Series A round led by B Capital to scale technology that recycles used U.S. nuclear fuel. AI Illustration. Upload story photo >

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Project Omega, a U.S. startup, announced an $80 million Series A funding round led by venture capital firm B Capital on November 2, 2026. The financing is expected to accelerate work to close the U.S. nuclear fuel cycle.

Why it matters

The funding supports efforts to turn used nuclear fuel into a resource rather than waste. The company plans to use recovered material for long duration power systems, reactor fuel, and isotopes.

The Series A round totals $80 million, equivalent to about €71 million. The extraction does not provide prior funding totals or a valuation for comparison.

The players

Project Omega

A U.S. startup developing technology to recycle used nuclear fuel and scaling its X-Series power systems.

B Capital

A venture capital firm that led the Series A funding round for Project Omega.

The details

Project Omega has developed technology to recycle used nuclear fuel and is scaling its X-Series power systems. The company plans to build a used nuclear fuel recycling facility.

November 2, 2026: Project Omega announced the $80 million Series A funding round.

Roadmap

Recycling used nuclear fuel to close the fuel cycle has been a longstanding goal for the U.S. nuclear sector. Project Omega's Series A funding aims to move recycling technology toward commercial deployment.

If the recycling technology reaches commercial use, it could provide a new source for long duration power systems, reactor fuel, and isotopes. The extraction does not specify a commercialization timeline.

The takeaway

Converting used nuclear fuel into usable inputs for power and isotopes could reduce reliance on disposal of spent fuel. Readers should watch for announcements on facility construction and commercialization timelines.