Zeno Power raises funding for next-gen radioisotope power system

April 26, 2022, 3:01PMANS Nuclear Cafe

Zeno Power announced on its LinkedIn page and on Twitter on April 26 that it has raised $20 million in Series A funding, led by Tribe Capital, with participation from DCVC, 1517 Fund, AIN Ventures, and Pallas Advisors.

Zeno is developing a radioisotope power system (RPS) that it says will generate clean, resilient power for decades. The company’s technology is “light-weight and cost-effective relative to historic RPSs, opening up broad market opportunities in space and terrestrially,” according to its website. The company, which was founded in 2018, according to Axios, is looking to ramp up the production of small-scale nuclear batteries for spacecraft, deep-sea exploration, and challenging environments on Earth.

New hires: Zeno also announced the hiring of Timothy Frazier as senior mission director and Lindsey Boles as vice president of engineering. Previously, Frazier was vice president of government programs at GE Hitachi, while Boles was director of engineering at TerraPower, according to Axios.