• Copy Link Share on X Share on Linkedin Share on Facebook US-based Project Omega has emerged from stealth to announce its mission to rebuild the US nuclear fuel cycle by developing and deploying cutting edge technologies and processes to recycle used nuclear fuel into long-duration, high-density power sources, and critical materials for the nuclear industry. • Project Omega was founded by Dr Stafford Sheehan in mid-2025 and is headquartered in Newport, Rhode Island. • Sheehan officially registered the business in the summer of 2025 after departing his previous venture, Air Company, at the end of 2024. • Initial core technology demonstrations were conducted at the company’s Rhode Island laboratory. • The project remained in “stealth mode” until its official public debut on 11 February, announcing an oversubscribed $12m seed funding round led by Starship Ventures. • Other key participants in the round included Mantis Ventures, Buckley Ventures, Decisive Point and Slow Ventures.
Article Summaries:
- US‑based Project Omega, founded by Dr. Stafford Sheehan in mid‑2025, has emerged from stealth to announce a plan to rebuild the U.S. nuclear fuel cycle by recycling spent nuclear fuel (SNF) into long‑duration, high‑density power sources. The Newport, Rhode Island‑headquartered company raised an oversubscribed $12 million seed round led by Starship Ventures, with participation from Mantis, Buckley, Decisive Point and Slow Ventures. Project Omega will partner with Pacific Northwest National Laboratory and the Department of Energy’s ARPA‑E to test and validate nuclear‑battery technologies, aiming to create a safe, commercially viable recycling pathway that could enhance domestic energy security and economic growth.
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