Chris Colbert
Chairman & CEO
Elementl Power
10/10Traction
Elementl Power is an end‑to‑end developer of utility‑scale nuclear projects that de‑risks and accelerates the delivery of next‑generation reactors by remaining technology‑agnostic and handling site selection, licensing, financing, and construction. Its capital‑efficient build‑transfer and joint‑development models let utilities and large energy consumers secure long‑term, low‑carbon baseload power with reduced balance‑sheet exposure. The company aims to add over 100 GW of new nuclear capacity in the United States by 2050.
- Clean Technology
- Energy
- Utilities
Updated 4 months ago
Funding
Raised to date
$5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Energy Impact PartnersNo round attributed
- energyimpactpartners.com (opens in a new tab)investor website
Funding rounds are not available yet.
Founders
Product
Problem
The United States faces a shortfall in new, low‑carbon baseload generation, while traditional nuclear development is hindered by long licensing timelines, high capital exposure, and technology lock‑in, limiting the ability to meet growing industrial and data‑center power demand.
Solution
Elementl Power acts as an end‑to‑end nuclear project developer that de‑risks and accelerates the delivery of next‑generation nuclear plants at utility scale. By remaining technology‑agnostic, the company can select the most mature reactor designs from leading vendors and integrate them into a streamlined development workflow. Elementl manages site identification, regulatory licensing, financing, and construction oversight, allowing partners to participate with reduced capital commitment and balanced‑sheet flexibility. The firm structures projects through build‑transfer or joint‑development models, enabling off‑takers to secure long‑term, firm, clean electricity while sharing upside. This approach aims to add over 100 GW of new nuclear capacity in the United States by 2050.
Target Audience
Primary customers are utility companies, public‑power entities, and large energy consumers such as hyperscale data‑center operators seeking reliable, low‑carbon baseload power.
Features
- Technology‑agnostic reactor selection that leverages proven designs from multiple global vendors
- Comprehensive site screening, permitting, and early‑stage characterization to fast‑track licensing
- Integrated financing and capital‑efficient project structures (build‑transfer, joint‑development) that limit partner exposure
- Coordination of EPC contractors, utilities, and grid operators to ensure seamless construction and interconnection
- Off‑taker sourcing and long‑term power purchase agreements for hyperscale data centers, utilities, and large energy buyers
- Full‑cycle ownership during complex development phases, aligning incentives across regulators, vendors, and capital partners