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Nuclear Upstart Elementl Gets Korean Backing for $750 Million Push
Source: Bloomberg
Private Markets & VentureArtificial IntelligenceEnergy Markets & PricesRenewable Energy Transition
Elementl Power, a nuclear energy company, has backing from a South Korean venture capital firm as it seeks to raise $750 million. The fundraising effort comes amid rapidly rising electricity demand to power AI; the article does not say the funding has been completed.
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