Closing Bell
Manifest Space: Zeno Power’s $50 Million Series B Raise with Zeno Power CEO Tyler Bernstein 5/16/25
May 16, 2025
Tyler Bernstein, CEO and co-founder of Zeno Power, is on a mission to revolutionize nuclear energy for remote locations. He reveals how Zeno Power's recent $50 million funding round will propel their innovative nuclear batteries into markets like maritime and lunar operations. Bernstein discusses significant contracts with NASA and the Pentagon and the challenges of deploying sustainable energy in extreme environments. He also explores the future of deep-sea mining and the regulatory hurdles tied to nuclear technology.
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Quick takeaways
- Zeno Power has raised $50 million in Series B funding to advance their compact nuclear batteries for remote energy needs.
- The company's technology addresses the growing demand for reliable power in challenging environments, supported by contracts from NASA and the Pentagon.
Deep dives
Xenopower's Innovative Nuclear Batteries
Xenopower is developing nuclear batteries that utilize Strontium-90, a nuclear waste product, to generate electricity for extended periods in remote environments. These compact power systems, the size of microwave ovens, are designed to operate in places where traditional energy sources are ineffective, such as the seabed and the lunar surface. The company plans to demonstrate its first full-scale nuclear batteries by 2026 and start deliveries by 2027, targeting applications for government and commercial usage. With secure contracts from organizations like NASA and the Pentagon, Xenopower is positioned to play a crucial role in providing reliable energy solutions for strategic operations in space and maritime environments.
