Capital · Venture
Project Omega raises $80 million for nuclear fuel recycling and expeditionary power
The B Capital-led round will fund X Series manufacturing and the start of nuclear fuel recycling facility construction, with defense among the company's target markets.
Project Omega announced Nov. 9 that it raised $80 million in Series A financing led by B Capital. The round included noa VC, 645 Ventures and existing investors.1
Project Omega announced on November 9, 2026 that it raised $80 million
Series A financing led by B Capital
further advance the technology and manufacturing of its X Series products
begin construction of its nuclear fuel recycling facility
Project Omega, November 9, 2026
Sources
The company plans to use the money to advance X Series technology and manufacturing and begin construction of a nuclear fuel recycling facility. The funding will also support a pilot facility for domestic isotope recovery and feedstock production.1
Omega has launched the X Series, modular expeditionary power systems that integrate battery storage and generators. The company says their control system will allow solar and wind power initially, with isotope power to follow in the future.1
Its long-duration power development includes radiovoltaic systems, which convert radioisotope decay directly into electricity. Omega says the technology will provide persistent power for equipment including sensors, autonomous systems and undersea platforms where recharging, battery replacement or human access is difficult or impossible.1
The company says its recycling process recovers isotopes such as strontium-90. It also reports demonstrating stable electrical current from strontium-90 at Pacific Northwest National Laboratory and further developing radioisotope power systems through the Defense Advanced Research Projects Agency's Rads to Watts program. Omega says it advanced its recycling technology with Idaho National Laboratory through the Advanced Research Projects Agency-Energy's CURIE program.1
Omega is directing capital toward both fuel recycling and power-system manufacturing, with its first products designed for defense, space and remote operations beyond conventional grids. Isotope integration in the X Series remains a future step, and the company plans to disclose further facility details in the coming months.1
Sources (1)
- Project Omega, "Project Omega Raises $80 Million to Build Nuclear Refineries for the Next Industrial Revolution," Nov. 9, 2026 www.projectomega.com