Shine Technologies has been developing fusion-adjacent technologies in Janesville, Wis., including nuclear fuel recycling, since its founding in 2005. Standard Nuclear of Oak Ridge, Tenn., was formed just last year but holds a TRISO fuel production technology backed by years of research and development since it acquired Ultra Safe Nuclear’s fuel manufacturing assets after that company’s bankruptcy in October 2024. Now, Shine and Standard Nuclear have announced plans to work together on a “strategic partnership to advance nuclear fuel recycling and U.S. fuel security.”

The Department of Energy announced on June 5 that three companies—all of which are new to the Gateway for Accelerated Innovation in Nuclear (GAIN) voucher program—will receive vouchers to support their research on advanced fuels, materials, and sensors. The second round fiscal year 2025 vouchers will let the companies access specialized research facilities and expertise in the DOE’s national laboratory complex.

Seattle-based Ultra Safe Nuclear (USNC), developer of a high-temperature, gas-cooled microreactor design that has drawn interest from potential customers and research and development funding from the Department of Energy, announced yesterday that it has filed a petition for Chapter 11 bankruptcy to facilitate its sale to Standard Nuclear Inc. The filing, made in the U.S. Bankruptcy Court in Wilmington, Del., includes USNC and its subsidiaries, Ultra Safe Nuclear-Technologies, USNC-Power, and Global First Power.