Raised
Private and public equity. Never added to federal money.
Valar Atomics
Developer of the Ward 250 zero-power critical experiment in Utah.
Deployment stage7 / 8Operational
Race position
Megawatts at their strongest documented state, as of 2026-08-06.
DesignWard 250
Per unit5 MWe
LaneMicroreactor
ListingPrivate
Commercial scale-up target. The Utah test unit ran at 100 kWt.
No executed megawatts · announced pipeline only
One gigawatt is 200 × 5 MWe units. No megawatts rest on an executed action yet.
Why this company is on the board: Reached DOE-authorized criticality in Utah, the only pilot reactor built outside a national laboratory. Source ↗
Funding
Three frames, never added together.
Awarded
Federal awards and cost share. A ceiling, not cash received.
No awarded money on record.
Borrowed
Debt, repayable. Never counted as a raise, federal or private.
Filed, not raised
A registration filed with the SEC. The filing itself raises nothing.
No filed, not raised money on record.
Cash on hand
A balance, not a raise. Reported by the company at a stated date.
No reported cash position on record.
Licensing
Applications, permits and authorizations, naming the authority in each case.
- 2026-04DOE approved the final documented safety analysis for Ward 250, an expedited pathway that bypassed NRC licensing for this test unitPermit / authorization · Press-reportedSource ↗
Physical progress
Work at a site. Criticalities are proof the physics works, not electricity.
- 2026-06-18Ward 250 reached fuelled criticality in Emery County, Utah, the only pilot reactor built outside a national laboratoryCriticality · Government-reported · Ran at 100 kWt, a zero-power demonstration. Contributes 0 MWe.Source ↗
Program selections and agreements
Being chosen for a program, or signing one. Neither is a permit nor work at a site.
Nothing on record in this lane as of 2026-08-06.
Design proof outside the U.S.
Real progress on the same design abroad. Contributes 0 MWe to the U.S. race.
Nothing on record in this lane as of 2026-08-06.
Pipeline
Executed first. Announcements are labeled as announcements and never added to them.
Backed by an executed action
No executed megawatts on record as of 2026-08-06.
Announced, non-binding
- 2026-0830 MWeNVIDIA · pilot data centre in Emery County, Utah; collaboration, no executed offtake · Company-reportedSource ↗
Company-stated targets
What the company says, printed beside what a regulator has documented. The site never averages a target into a prediction.
No company-stated target on record as of 2026-08-06.
TechnologyZero-power critical experiment
Reactor classesExperimental / unclassified · Critical experiment
Tracked projects1
Highest deployment stage7 · Operational
Primary sourceDOE criticality announcement ↗