People
Founders, executives, board, advisors, lobbyists and the officials who deal with the company, by professional role and public acts.
By role, from the records read (professional roles only). Board seats on record: Shaun Maguire, Sequoia partner, joined with the Series B (fund-007); Doug Philippone, Snowpoint Ventures co-founder and Palantir's former head of global defense, joined with the Series A (fund-004, ppl-010); Stephen Marcus, Riot Ventures co-founder, per his firm's page (fund-002). Valar publishes no board list and files no Form D (fund-010), so the full board is unknown. Round leads: Riot Ventures (pre-seed, seed); Snowpoint, Day One and Dream (Series A); Sequoia, whose portfolio page lists Liam Corrigan as a second partner on Valar (Series B). Other named equity investors: AlleyCorp, Initialized Capital, Steel Atlas, Contrary, Apandion, Atreides Management, Conviction, HOF Capital, Point72 and Valor Equity Partners; individuals Palmer Luckey (Anduril founder), Shyam Sankar (Palantir CTO), John Donovan (Lockheed Martin director, per The Next Web and Tech Startups) and Balaji Srinivasan (seed, per Mother Jones, ppl-010). Lenders: TriplePoint's two funds ($5M, 2025, fund-005); Erebor Bank (administrative agent), J.P. Morgan, Crescent Cove and Hercules Capital ($200M facility, fund-009), with the OCC's 2025 approval letter listing Luckey as an Erebor director and principal shareholder. Valar's side of the table: President and CFO Muhammad Shahzad, formerly Relativity Space's president and CFO (ppl-005); counsel Goodwin Procter. What the record supports: several named backers come from defense-technology companies (Anduril, Palantir, Lockheed Martin's board), and one equity backer, Luckey, is also a director and principal shareholder of the bank leading Valar's credit facility. How much each backer put in is not public.
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “the closing of a $1 billion Series B financing led by Sequoia Capital”
- Valar Atomics (portfolio page: Founded 2023, Partnered 2026; partners Shaun Maguire, Liam Corrigan) (Sequoia Capital) primary company “Valar Atomics is scaling nuclear fission reactors to make energy in the universe cheaper”
- Stephen Marcus (partner biography) (Riot Ventures) primary company “Steve serves on the Boards of Shield AI (aerospace and defense), Valar Atomics (nuclear power)”
- New financing round benefits Valar (American Nuclear Society, Nuclear Newswire, 2025-11-13) news “led by venture capital groups Snowpoint, Day One, and Dream”
- A 27-year-old just raised $450 million to bet that AI's future runs on nuclear power (Cristian Dina) (The Next Web, 2026-04-01) news “Lockheed Martin board member and former AT&T chief executive John Donovan also participated.”
- Conditional Approval Letter: Application to Charter Erebor Bank, National Association, Columbus, Ohio (OCC Control No. 2025-Charter-342076) (Office of the Comptroller of the Currency, 2025-10-15) primary government “Palmer Luckey Director, Principal Shareholder”
- TriplePoint Venture Growth BDC Corp., Form 10-Q for the quarter ended March 31, 2026 (EDGAR accession 0001580345-26-000021), Consolidated Schedules of Investments (TriplePoint Venture Growth BDC Corp. (SEC filing, company investor-relations copy), 2026-05-06) primary filing “Growth Capital Loan (Prime + 3.50% interest rate, 10.75% floor, 3.00% EOT payment)”
In July 2025 E&E News reported that Valar had not contacted or met with the NRC and quoted CEO Isaiah Taylor asking why a company that believes the jurisdiction is wrong would engage (csite-022); the same month, Georgia Tech nuclear engineering professor Anna Erickson told the Utah Investigative Journalism Project that Valar had submitted nothing to the NRC, calling that secrecy a red flag, while other startups, including co-plaintiff Deep Fission, were in pre-application talks. Valar's job board on 29 September 2026 lists a Director of Licensing who 'serves as the senior company interface with regulators across DOE and NRC engagement pathways' and handles 'multiple concurrent licensing campaigns', plus licensing engineers and a licensing project manager, and a material control and accounting specialist working to DOE and NRC requirements. Whether Valar has opened NRC pre-application engagement could not be checked: nrc.gov refused our reader (HTTP 403).
- NRC lawsuit could hand states power over advanced reactors (E&E News by POLITICO, 2025-07-23) news “Valar Atomics has still not contacted or met with the commission.”
- Who is Valar Atomics? (Utah Investigative Journalism Project with Utah News Dispatch) (Utah Investigative Journalism Project / Utah News Dispatch, 2025-07-08) news “We can't take your word for it”
- Valar Atomics job board (92 open postings, public Greenhouse feed), read 2026-09-29 (Valar Atomics, 2026-09-29) primary company “serves as the senior company interface with regulators across DOE and NRC engagement pathways”
DOE side, as the records name them: Robert (Bob) Boston, Manager of DOE's Idaho Operations Office, led the federal review that cleared Ward 250's criticality test and described the joint test group sign-off (ANS); DOE's May 2026 transport QA approval for Valar is addressed to him. Jason Anderson, a DOE NEPA Compliance Officer, signed the categorical exclusion on 22 April 2026. Julia C. Shenk, DOE Headquarters Certifying Official and Director of the Office of Packaging and Transportation, approved the Safety Evaluation Report prepared by Christopher P. Cable, manager of DOE's Packaging Certification Program, which recommends the fuel-package amendment (20 May 2026); she also signed the transport QA approval memo to Boston (18 May 2026). Dr. Rian Bahran, DOE Deputy Assistant Secretary for Nuclear Reactors, was quoted in the NOVA release; NOVA itself ran on Los Alamos's Comet assembly at NCERC, with LANL providing the facility safety envelope and NNSA's Nevada Field Office providing oversight (orig-008). Under DOE-STD-1271 the Energy Secretary (Chris Wright) is the startup approval authority for new reactors unless delegated. Company side: Valar's QA program gives the CEO (Isaiah Taylor) legal responsibility for the facility authorization and the COO/Chief Nuclear Officer oversight of nuclear operations, engineering and QA; Valar's mission page lists Mark Mitchell as Chief Nuclear Officer (orig-003). POWER reports Kiewit Nuclear Solutions was the engineering, procurement and construction contractor. Who signed Ward 250's startup approval is not public.
- Valar's Ward 250 reaches criticality in Utah (American Nuclear Society, Nuclear Newswire, 2026-06-22) news
- Issuance of Quality Assurance Program Approval 0049 (Rev 1) for Valar Atomics, memorandum to Robert Boston, Manager, Idaho Operations Office (U.S. Department of Energy, Office of Packaging and Transportation (Packaging Certification Program), 2026-05-18) primary government
- NEPA Determination DOE-ID-26-005: Valar Ward250 Research Reactor (categorical exclusion B5.26) (U.S. Department of Energy, Office of Nuclear Energy (Idaho), 2026-04-22) primary government
- Safety Evaluation Report, Letter Amendment of Certificate of Compliance No. 9979 for the Model 9979 Package, Docket 26-35-9979 (U.S. Department of Energy, Office of Packaging and Transportation (Packaging Certification Program), 2026-05-20) primary government “recommends approval and issuance of a letter amendment to the CoC”
- Los Alamos National Laboratory and Valar Atomics Announce Project NOVA Criticality Milestone in Nevada (joint release on Valar's site) (Valar Atomics / Los Alamos National Laboratory, 2025-11-18) primary company “Confirming core physics at zero power with oversight enables Valar's path to elevated operations”
- Ward250 San Rafael Facility Quality Assurance Program Description, No. 100474, Rev 02 (status: Approved) (Valar Atomics, 2025-10) primary company
- Valar Atomic's Ward 250 Becomes Second Reactor to Go Critical Under DOE Pilot Program (POWER magazine (Sonal C. Patel), 2026-06-19) news “Kiewit Nuclear Solutions served as the project's engineering, procurement, and construction contractor”
No correction or reply to any of these pieces was found on Valar's website, whose spent-fuel claim remained online when read (safe-026). Meanwhile Valar calls itself 'very open and transparent' (safe-040) and its staff speak of 'transparency to the public' (ppl-026). A company is free not to comment. Two outlets report no reply to requests for comment, one reports none, and one received a one-line reply; no Valar correction was found on its site as of 29 Sept 2026.
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “Valar Atomics did not respond to multiple requests for comment for this story.”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “Taylor didn’t respond to our request for comment”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “she’s not on the board”
- DOGE Goes Nuclear: How Trump Invited Silicon Valley Into America’s Nuclear Power Regulator (Avi Asher-Schapiro) (ProPublica, 2026-03-20) news
- Ward 250 By the Numbers (unlisted company page with placeholders) (Valar Atomics) primary company “These beliefs have led us to being a very open and transparent company.”
Valar's April 2025 lawsuit post, still online on 29 September 2026, says its analysis indicates that holding spent fuel from its 100 kWt 'Ward One' test reactor (planned life under a month) for five minutes gives radiation exposure equal to a CAT scan. Valar's Ward 250 safety paper, the NSDA, credits reactor shielding that 'cannot be inadvertently defeated', analyses fuel-handling accidents, and plans defueling into storage; DOE's categorical exclusion has the spent core leave in dry storage casks. No Valar correction or published calculation was found. For scale: a CT scan is about 1 to 10 millisieverts (FDA), so five minutes would need 12 to 120 millisieverts an hour; the post gives no amount of fuel, cooling time, distance or shielding.
- Valar Atomics is Suing the NRC (The Nuclear Necessity and our decision to sue the NRC) (Valar Atomics (Isaiah Taylor), 2025-04-07) primary company “gives the equivalent radiation exposure to receiving a CAT scan”
- Ward250 Nuclear Safety Design Agreement, No. 100403, Rev 02 (status: Draft; issued for Public Release) (Valar Atomics, 2025-10) primary company
- The nuclear fuel cycle (Nuclear explained) (U.S. Energy Information Administration, 2023-10-26) “created when the uranium atoms were split apart”
- NEPA Determination DOE-ID-26-005: Valar Ward250 Research Reactor (categorical exclusion B5.26) (U.S. Department of Energy, Office of Nuclear Energy, 2026-04-22) primary government
The three Carbon County commissioners (Larry Jensen, Jared Haddock, Tony Martines) signed the 29 June 2026 support letter (mine-013) and spoke for the lease at both Trust Lands hearings. On 20 August Haddock said the county had worked with Valar 'since the beginning, when they were looking at other states', and praised its public education, 'not hiding anything'; Jensen stressed the lost coal tax base (no county coal for over four years, which holds, mine-039); Martines spoke of the county's energy history, infrastructure and workforce. On 17 September Jensen said the commission is 'committed to allowing these things to move forward' despite 'a few in our community who will push back', and that the 'silent majority' will support it 'as they're educated and learn how safe this process is'. Set beside the record: the commission's agendas and minutes from December 2023 to September 2026 name Valar once (a 19 Aug 2026 presentation) and never the Wellington site or the letter (csite-026); no safety document of any kind for a Carbon reactor or fuel plant was found in the public record as of 2026-09-29 (safe-037); and for the county conditional use permit Valar would need, state law requires approval if harms can be reasonably mitigated and does not itself require a hearing, while the Trust Lands memo says Carbon's process includes one (csite-015). The commissioners' long engagement with Valar is confirmed by their own statements and Valar's (ppl-006); no public county record of it was found.
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “not hiding anything”
- 09.17.2026 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “as they're educated and learn how safe this process is”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09) primary government “long‑term collaboration with Valor Atomics from the early site‑selection phase”
Isaiah Taylor, Valar's founder and CEO, was a witness at the House Science, Space, and Technology Committee's Energy Subcommittee hearing 'Powering the Nuclear Renaissance: Accelerating U.S. Leadership in Advanced Nuclear Reactors' on 2 September 2026. The other witnesses were from Oak Ridge National Laboratory, Aalo Atomics, North Carolina State University and Antares Nuclear. His written testimony repeats company milestones: in November 2025 Valar became 'the first startup in history to achieve nuclear criticality' (NOVA); the reactor was flown in three C-17s from California to Utah in February; 'On June 18, Valar Atomics reached criticality again in our Ward250 reactor'; and a 1 July demonstration with an Nvidia chip was 'the first startup to generate nuclear electricity'. It invites members to visit the Emery County site. It does not mention fuel, enrichment, HALEU, the NRC or the lawsuit. The House repository page lists testimony, Truth in Testimony forms, biographies and member statements, but no hearing transcript, so his oral answers were not read. The milestone claims are Valar's own.
- Hearing: Powering the Nuclear Renaissance: Accelerating U.S. Leadership in Advanced Nuclear Reactors (Subcommittee on Energy) (U.S. House of Representatives, Committee Repository, 2026-09-02) primary government “Powering the Nuclear Renaissance: Accelerating U.S. Leadership in Advanced Nuclear Reactors”
- Written testimony of Isaiah Taylor, CEO and Founder, Valar Atomics (U.S. House of Representatives (witness submission), 2026-09-02) primary company “On June 18, Valar Atomics reached criticality again in our Ward250 reactor.”
ETV News (9 Aug 2026) reported that at the One Utah Summit (4-6 August 2026, Cedar City) Valar received the Utah Department of Natural Resources' Horizon Award, and that Isaiah Taylor joined DNR's head, Joel Ferry (ETV calls him commissioner), on the main stage for a session on Utah's role in nuclear innovation; Carbon Commissioner Larry Jensen received a leadership award at the same summit. DNR's 2025 strategic plan lists among the department's units the Office of Energy Development (which owns the San Rafael lab, is Valar's landlord, signed its MOU and runs the state's nuclear education campaign: mine-035, gov-011, gov-025), the Division of Water Rights, which it describes as the regulatory body directed by the State Engineer (the office that would decide any change application for the water Valar seeks, loc-017, mine-015), and the Division of Oil, Gas and Mining; its measures include the state's acquisition of the San Rafael lab from Emery County. An award is not a regulatory act, and the Division of Water Rights decides applications under state law with public notice and a right to protest. Organizationally, the same department houses the office that hosts Valar and, through a separate division, the regulator of the water it seeks.
- Castle Country takes center stage at One Utah Summit (Kevin Butler) (ETV News, 2026-08-09) news
- Utah Department of Natural Resources 2025 Strategic Plan (Utah Department of Natural Resources, 2025) primary government
- NOTICE TO WATER USERS (Emery County applications; protests due Oct. 20, 2026) (Utah Division of Water Rights (legal notice published in ETV News), 2026-09-23) primary government “Protests must be filed with the Division of Water Rights”
At the 20 August 2026 Trust Lands meeting, per the approved minutes, Commissioner Haddock emphasized the county's 'long‑term collaboration with Valor Atomics from the early site‑selection phase' and praised the company's openness; the trust beneficiaries' advocacy director supported the lease citing its 'economic potential and transparency'; trustees thanked Valar for 'open communication' and public engagement. The memo lists the outreach officials relied on: public workshops on nuclear technology hosted by Carbon County, SERDA and the Office of Energy Development with Valar taking part, and a Valar open house at the San Rafael lab; on 17 September staff described open houses from May to September. Carbon's 29 June letter says the county had worked with Valar 'for over one year' (mine-013), and Valar says it met the county in 2024 (mine-018). Against that, the records read show: no county agenda or minutes naming the site from December 2023 to September 2026 (csite-026); a public notice that named neither applicant nor use (csite-005); committee meetings not on the notice site (csite-017); an April state review notice describing an unnamed industrial and power project, not nuclear (csite-032); a first public agenda naming Valar for the site on 10 August 2026 (csite-018); workshops listed as general nuclear classes (mine-047); company pages silent on the site (csite-027); and first local news the day after the vote (mine-041). Commissioner Jensen told the board on 17 September that 'there are a few in our community who will push back' (mine-014). The memo also records that the Surface Resources Committee asked Valar to continue its local outreach 'with a specific focus on the project proposal', noting the outreach so far concerned its San Rafael project and nuclear energy in general. On 19 August Valar told the Carbon County Commission it planned a town hall in Price and a reactor open house within 30 to 45 days, and on 2 September it announced a Carbon County town hall for late September or early October; no record of that town hall was found as of 29 September 2026.
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “long‑term collaboration with Valor Atomics from the early site‑selection phase”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “citing its economic potential and transparency”
- 09.17.2026 TLA Board Packet (Item 10A: SULA 2095-OBA Board of Trustees Memorandum, Carbon County letter, lease map) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “Valar Atomics has also hosted a public open house to discuss their operations”
- 09.17.2026 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-23) primary government “there are a few in our community who will push back”
- 09.17.2026 TLA Board Packet (Item 10A: SULA 2095-OBA Board of Trustees Memorandum, Carbon County letter, lease map) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “with a specific focus on the project proposal”
- Aug 19, 2026 Commission Meeting Minutes (Carbon County; scanned, read by OCR) (Carbon County (Utah Public Notice Website), 2026-08-19) primary government “a reactor open house within the next 30 to 45 days”
Valar's local faces in the public record: Jess Housekeeper, director of Utah operations, an Emery County native who told the Trust Lands board he left the area for about 15 years for work (Deseret News, Mar and Jun 2026; Trust Lands transcripts and minutes, Aug and Sept 2026); Harry Hansen, who said on 17 September 'I do public affairs for Valor Atomics' and whom Trustee Mike Mower praised on 20 August, with the Valar team, for answering many of the public's questions (auto-transcript); Cory Gardner, 'Valar's head of commercial development' per ETV News (25 Jun 2026), who spoke for Valar at the Price City Council, the Carbon County Commission on 19 August 2026 (mine-033) and the Trust Lands board. This Cory Gardner is not shown by any source read to be the former U.S. senator of the same name, and should not be confused with him. Mother Jones and The New Republic name Elijah Froh as Valar's director of business operations. None of these people appears in Valar's public safety documents, which name roles, not people. A Valar radiation-protection staff member (26 years in the field, 22 in Idaho) also spoke on 17 September and said he would hire and train local radiation technicians; he is described, not named.
- 09.17.2026 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “I do public affairs for Valor Atomics”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09) primary government “Jess Housekeeper, Director of Utah Operations for Valor Atomics and an Emery County native”
- Price City Council celebrates Valar Atomics reaching full power ahead of schedule (ETV News, 2026-06-25) news “Gardner, Valar’s head of commercial development”
- Valar Atomics' nuclear reactor reaches criticality in Utah (Eva Terry) (Deseret News, 2026-06-18) news “Jess Housekeeper, Valar’s director of Utah operations”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “serves as Valar’s director of business operations”
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “Harry Hanson's done an awesome job.”
At the 20 August 2026 Trust Lands board meeting (the first public board meeting on the Carbon lease), newly elected chair Mike Nelson, a trustee who said he once worked for Westinghouse Electric, said the board wanted to step carefully because the technology is new and can frighten people, and that the trust would help with explanations to 'inquiring members of the public' so that 'we speak with one voice', moving together 'to make sure that this proposal is approved' (auto-transcript). Per the approved minutes, Trustee Mike Mower and Chair Nelson thanked Valar for 'open communication' and public engagement, and Liz Mumford, director of the School and Institutional Trust Beneficiaries' Advocacy Office, supported the lease citing its 'economic potential and transparency'. Outgoing chair Bryan Harris opened the meeting. The board approved the lease on 17 September (mine-011). On public notice, the record shows: the committee meetings where terms were shaped were not on the public notice site (csite-017), and the public notice named neither Valar nor a nuclear use (csite-005). The board's legal mission is revenue for schools.
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “make sure that this proposal is approved and that all the parties are satisfied”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09) primary government “expressed appreciation for Valar Atomics' open communication, public engagement”
ETV News (14 Aug 2026) reported the Carbon & Emery Energy Collaborative held on 12 August 2026 at the Southeastern Regional Development Agency's offices in Price. Carbon County Commissioner Jared Haddock said the county had lost roughly $1 billion in taxable value over the past decade and that one large data center could provide a tax base comparable to about 4,200 homes. He also addressed concerns about nondisclosure agreements connected to economic development projects, saying (as ETV paraphrased him) that such agreements are typically required by the private companies considering an area rather than by the county, and that another company was looking at bringing industry to Carbon County, with details limited. At the same event Valar's Jess Housekeeper spoke of plans to eventually manufacture reactors and fuel (loc-003). The report names no Valar site. Eight days later Haddock told the Trust Lands board the county had worked with Valar 'since the beginning' (ppl-020). One week after the summit, the commission's own minutes (19 Aug 2026) record it lifting a 'long-standing' NDA on a separate $600 million factory prospect that had been cancelled (loc-036). No nondisclosure agreement between Carbon County and Valar appears in any record read; neither the report nor the minutes say one exists.
- Leaders look to coal, nuclear and new industry for growth at local energy summit (Kevin Butler) (ETV News, 2026-08-14) news “typically required by private companies considering an area”
- Aug 19, 2026 Commission Meeting Minutes (Carbon County Board of Commissioners; scanned, read as page images) (Carbon County Commission, 2026-08-19) primary government “lifted a long-standing non-disclosure agreement (NDA)”
In the Series B post he signed (4 Aug 2026), Taylor wrote that Ward 250's criticality made Valar 'the first company ever to take a nuclear reactor critical outside of a national lab', and that Ward 250 was 'the first time in history a startup generated nuclear power'. DOE's own release (18 Jun 2026) makes a narrower claim: the first DOE-authorized reactor built outside a national laboratory. The broader wording does not hold as written: a conference history indexed by DOE's OSTI database records that the first TRIGA research reactor, designed by the private company General Atomics (founded in San Diego in 1955 by General Dynamics), was commissioned at General Atomics on 3 May 1958, and Valar's own safety agreement cites the privately run Vallecitos Nuclear Center as precedent (orig-039). The 'startup' electricity claim could not be tested; no independent record of the power produced was found (orig-013). Two timing claims by Taylor also differ in length, though they need not conflict: 'Nine months ago, this was an empty site' (DOE release, June 2026, consistent with the September 2025 groundbreaking, orig-007) and 'It took seven months to take Ward 250 critical' (Series B post), which gives no start date. Compare the earlier NOVA 'first' (orig-047), which The New Republic says Taylor rowed back.
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “the first company ever to take a nuclear reactor critical outside of a national lab”
- Department of Energy Celebrates Second Advanced Reactor Achieving Criticality (U.S. Department of Energy, 2026-06-18) primary government “marks the first DOE authorized reactor built outside of a national laboratory”
- TRIGA International - History of Training Research Isotope production General Atomics (conference abstract, 2008) (TRIGA International, via U.S. DOE OSTI (ETDEWEB), 2008-10-29) analysis “First TRIGA reactor Mk-1 was commissioned on 3 may 1958 at G.A.”
- Department of Energy Celebrates Second Advanced Reactor Achieving Criticality (U.S. Department of Energy, 2026-06-18) primary government “Nine months ago, this was an empty site.”
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “It took seven months to take Ward 250 critical.”
Board: Valar's Series B post (4 Aug 2026) says Sequoia partner Shaun Maguire joins its board; Sequoia's own profile lists Valar among his companies, first partnered in 2026, and says he finished a PhD in quantum gravity and has started five companies. ANS Nuclear Newswire (13 Nov 2025) reported that Doug Philippone, co-founder of Snowpoint Ventures, which co-led the $130M Series A with Day One and Dream, joined Valar's board; Snowpoint's page says he was Palantir's Head of Global Defense from 2008 to 2024 (now a senior advisor) after 18 years as an Army Ranger. Earlier backers: Taylor has said he pitched about 80 venture firms before Stephen Marcus of Riot Ventures made the first investment (The New Republic, May 2026); Mother Jones names investor and author Balaji Srinivasan in the seed round; Palmer Luckey (Anduril founder) and Palantir CTO Shyam Sankar invested in the Series A (orig-049); ProPublica calls them angel investors, and The New Republic says much of the $130M came from them and that both declined its interview requests. One public-office link: the U.S. Army's release of 13 June 2025 said Sankar was being sworn in that day as a lieutenant colonel in the Army Reserve's new Detachment 201, serving part-time as a senior adviser on 'targeted projects'; no record read shows him acting on any Valar matter. The full board list is not public (Valar publishes none; its SEC Form D filings could not be read), so whether other investors hold seats is unknown as of 2026-09-29.
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “Valar welcomes Sequoia partner Shaun Maguire to Valar’s board of directors.”
- Shaun Maguire (Sequoia Capital) primary company
- New financing round benefits Valar (American Nuclear Society (Nuclear Newswire), 2025-11-13) news
- Doug Philippone (Snowpoint Ventures) primary company
- Army Launches Detachment 201: Executive Innovation Corps to Drive Tech Transformation (U.S. Army, 2025-06-13) primary government
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “before Stephen Marcus of Riot Ventures gave him his first investment”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “investor and author Balaji Srinivasan”
- DOGE Goes Nuclear: How Trump Invited Silicon Valley Into America’s Nuclear Power Regulator (Avi Asher-Schapiro) (ProPublica, 2026-03-20) news “Valar counts Trump’s Silicon Valley allies as angel investors.”
Valar's post dated 4 Aug 2026 (TechCrunch reported it on Monday 3 Aug) announces 'the closing of a $1 billion Series B financing led by Sequoia Capital', with Apandion, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures and Valor Equity Partners, plus unnamed investors, and says Sequoia partner Shaun Maguire joins the board. Valar's law firm, Goodwin Procter, published a matching deal announcement naming the same investors. Sequoia's own portfolio page lists Valar as 'Partnered 2026', names partners Shaun Maguire and Liam Corrigan, and says Valar 'sells power rather than reactors'. TechCrunch says the company did not disclose a valuation and that Bloomberg reported $6 billion; The Next Web gives $6 billion and calls it three times the $2 billion of the spring (fund-006). Sacra's page quotes Bloomberg as saying the deal 'values Valar at $6 billion, including the money being invested', that is, a post-money figure. The Bloomberg and Axios reports behind the $6 billion could not be read. Before the close, TechCrunch (17 July) reported, from three sources, that part of the $1 billion had been raised earlier at a lower valuation; Valar's post does not break the round into tranches, but Sacra's share-class table does (fund-008, fund-023). The post says the money moves Valar from one demonstrated reactor to 'producing fleets of them en masse', with its own fuel production; its other claims are checked in orig-070 and fund-019.
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “the closing of a $1 billion Series B financing led by Sequoia Capital”
- Goodwin Guides Valar Atomics on $1 Billion Series B and $200 Million Credit Facility (Goodwin Procter LLP (Valar's counsel), 2026-08-04) primary company
- Valar Atomics (portfolio page: Founded 2023, Partnered 2026; partners Shaun Maguire, Liam Corrigan) (Sequoia Capital) primary company “Valar Atomics is scaling nuclear fission reactors to make energy in the universe cheaper”
- Sequoia's Shaun Maguire leads $1B round for nuclear startup Valar Atomics (Julie Bort) (TechCrunch, 2026-08-03) news “did not disclose its valuation, Bloomberg reported that it was $6 billion”
- Sequoia leads $1 billion round for Valar Atomics as the nuclear startup triples its valuation to $6 billion (Ana-Maria Stanciuc) (The Next Web, 2026-08-03) news “three times the $2 billion valuation from its earlier round”
- Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation (Marina Temkin) (TechCrunch, 2026-07-17) news “Part of that capital has been raised previously at a lower valuation”
- Valar Atomics valuation, funding & news (Valuation & Funding History table) (Sacra (research firm; partly paywalled)) analysis “values Valar at $6 billion, including the money being invested”
Valar's Series B post announces 'a $200 million credit facility led by Erebor Bank, as administrative agent, and J.P. Morgan, alongside Crescent Cove and Hercules Capital'; its counsel Goodwin Procter published the same lenders. No interest rate, term, security or amount drawn has been published. Erebor Bank, N.A. (Columbus, Ohio) received preliminary conditional approval from the Office of the Comptroller of the Currency on 15 Oct 2025; in its list of people serving 'as proposed in the application', the OCC letter names Palmer Luckey as 'Director, Principal Shareholder', one of three principal shareholders listed. Banking Dive (9 Feb 2026), citing the Wall Street Journal, reports that the bank had received its national charter and opened with $635 million of capital, that Erebor 'was founded by tech billionaire Palmer Luckey', and that Luckey would have no operating role but would serve on its board. Luckey is a reported Valar investor since the Series A (fund-004; TechCrunch, July 2026). On 25 Feb 2026 Senator Elizabeth Warren, the Banking Committee's ranking member, wrote to the Comptroller questioning how the charter was approved and describing Erebor as a planned hub for firms tied to its billionaire backers; her letter does not mention Valar. Neither Valar's post nor Goodwin's names Luckey or says how the tie was handled. Hercules Capital, Inc. files quarterly 10-Q reports with the SEC (its report for the third quarter of 2025 was filed 30 Oct 2025); its report for the quarter ending 30 Sept 2026 may show its share of the facility and its terms. As of 29 Sept 2026 an EDGAR full-text search finds no Hercules filing that names Valar. The two-way tie is public record; nothing read shows improper terms.
- Announcing our $1B Series B Led By Sequoia (Isaiah Taylor) (Valar Atomics, 2026-08-04) primary company “a $200 million credit facility led by Erebor Bank, as administrative agent”
- Goodwin Guides Valar Atomics on $1 Billion Series B and $200 Million Credit Facility (Goodwin Procter LLP (Valar's counsel), 2026-08-04) primary company
- Conditional Approval Letter: Application to Charter Erebor Bank, National Association, Columbus, Ohio (OCC Control No. 2025-Charter-342076) (Office of the Comptroller of the Currency, 2025-10-15) primary government “Palmer Luckey Director, Principal Shareholder”
- Erebor Bank receives national bank charter (Gabrielle Saulsbery) (Banking Dive, 2026-02-09) news “Erebor was founded by tech billionaire Palmer Luckey”
- Letter to Comptroller of the Currency Jonathan Gould re Erebor charter approval (Sen. Elizabeth Warren, Ranking Member) (U.S. Senate Committee on Banking, Housing, and Urban Affairs (minority), 2026-02-25) primary government “Erebor would serve as the financial hub for an interrelated set of Silicon Valley firms”
- Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation (Marina Temkin) (TechCrunch, 2026-07-17) news “Valar counts Palmer Luckey, the Anduril founder, and Shyam Sankar”
- EDGAR filing index: Hercules Capital, Inc. (CIK 0001280784), Form 10-Q filings (Q3 2025 filed 2025-10-30; Q2 2026 filed 2026-07-30) (U.S. Securities and Exchange Commission) primary filing
- EDGAR full-text search: "Valar Atomics", all forms (31 hits; no Hercules Capital filing among them) (U.S. Securities and Exchange Commission) primary filing
ETV News (3 July 2026) reported the Carbon County Commission meeting of Wednesday 1 July 2026 (ETV's text gives 'June 2' and 'June 1', but its publication date, the fire restrictions ahead of the Fourth of July and the NVIDIA announcement place it on 1 July; the commission's 1 July minutes record the same celebration, csite-026). As ETV reported it, Commissioner Jared Haddock described Ward 250 as having recently become 'the first government-approved commercial reactor' to achieve a self-sustaining reaction outside a federal lab, and Commissioner Tony Martines said that because Valar's reactor is gas-cooled and NVIDIA's chips are air-cooled, the planned data center won't need water. Set beside the record: Valar's own February 2026 release says Ward 250 is a research reactor and 'not a commercial power plant' (loc-003); DOE's pilot is for research and 'not' to demonstrate commercial suitability (gov-007); DOE's 'first DOE authorized reactor built outside of a national laboratory' holds (orig-010). On water, Valar's own account to Emery County was that the data center would use a closed-loop cooling system 'designed for low water consumption' and that it already had the water it needs, while seeking up to 1,000 more shares for other projects (ETV, 28 July; mine-042). The 'first outside a federal lab' part holds; 'commercial' and 'won't need water' go beyond what Valar and DOE say.
- Carbon County Commissioners urge safety ahead of July 4th, reflect on freedom and democracy (Stephanie Olsen) (ETV News, 2026-07-03) news “the first government-approved commercial reactor”
- Valar Atomics welcomes community for reactor facility open house (Valar Atomics press release) (ETV News, 2026-02-24) primary company “it is not a commercial power plant”
- Emery County Commissioners Debate Solar, Data Centers and EMS Funding (Kevin Butler) (ETV News, 2026-07-28) news
Deseret News reports that U.S. Rep. Celeste Maloy (Utah) joined Valar's team in the control room in the final stretch to criticality on 18 June 2026. At the 1 July 2026 'Watts Next?' event in Orangeville, state Sen. David Hinkins, who spoke of his own history with Orangeville and Emery County, thanked the Legislature and the state Community Impact Board for supporting the project so that its cost did not fall on local taxpayers (ETV News); the Deseret News also placed him and OED director Emy Lesofski at the event (orig-042). Utah legislative interim committees heard an item on Valar's nuclear test reactor in June 2025 and a Valar-NVIDIA example in August 2026 (csite-031). None of these public appearances concerned the Carbon County site, and no legislator's statement on the Carbon lease was found as of 2026-09-29. What the Community Impact Board funded, and for whom, was not read in this pass (open question).
- Valar Atomics' nuclear reactor reaches criticality in Utah (Eva Terry) (Deseret News, 2026-06-18) news “In the final stretch toward criticality, Utah Rep. Celeste Maloy joined the team.”
- Emery County takes center stage as Valar and Nvidia power historic breakthrough (ETV News, 2026-07-01) news “prevented the cost from being placed on local taxpayers”
The federal officials who deal with Valar, by role (see safe-036 for who signed which safety papers): Energy Secretary Chris Wright, the startup approval authority for new DOE reactors unless delegated, rode the Ward 250 airlift (orig-030) and in DOE's 18 June 2026 release said Valar 'is delivering achievements that mark a revolutionary moment'; before taking office he sat on the board of Oklo, another company in DOE's reactor and fuel-line pilots (orig-032), and Oklo's release (dated 6 Feb 2025 on its site) says he stepped down from its board on his confirmation as Secretary on 3 Feb 2025. Rian Bahran, DOE Deputy Assistant Secretary for Nuclear Reactors, was quoted praising NOVA (ppl-008 source); his ANS biography says he spent over a decade at Los Alamos (whose NCERC ran NOVA), then advised the Under Secretary of Defense for Policy and served at the White House science office. Robert (Bob) Boston, Manager of DOE's Idaho Operations Office, led the review that cleared Ward 250 (orig-011); DOE's page says he is the safety-basis approval authority for all existing and new reactors at INL, holds a master's degree in nuclear engineering, and has emeritus status as a professional engineer and certified health physicist. Deputy Secretary James Danly announced the pilot selections (orig-041) and a Defense under secretary flew with the reactor (orig-030). The pattern, from the record: the department that authorizes and oversees Ward 250's safety is also its most visible public promoter (safe-001, safe-002). No record read shows any of these officials holding a financial or employment tie to Valar.
- Department of Energy Celebrates Second Advanced Reactor Achieving Criticality (U.S. Department of Energy, 2026-06-18) primary government “Valar Atomics is delivering achievements that mark a revolutionary moment for advanced nuclear”
- Oklo Announces Board Transition Following Chris Wright's Confirmation as Secretary of Energy (Oklo Inc., 2025-02-06) primary company “has stepped down from Oklo’s Board to assume this critical role”
- Rian Bahran (speaker biography, 2025 ANS Winter Conference & Expo) (American Nuclear Society, 2025) analysis “an experimentalist and as a program manager”
- Robert Boston (U.S. Department of Energy, Office of Nuclear Energy) primary government
- Los Alamos National Laboratory and Valar Atomics Announce Project NOVA Criticality Milestone in Nevada (Valar Atomics, 2025-11-18) primary company “This milestone underscores collaborative efforts propelling nuclear innovation responsibly”
Named critics and assessors, with their professional standing as the sources give it: Nick Touran, a nuclear engineer who spent 16 years at TerraPower and runs WhatIsNuclear.com, disputed the spent-fuel 'CAT scan' claim (safe-026); Taylor replied, per UIJP, that 'a good engineer does not make claims about things he simply has no knowledge of', and promised a detailed write-up that Mother Jones says never came; by early 2026 Touran told The New Republic that Valar had updated its calculations and would not hold the fuel when it comes out of the reactor, while expecting the test reactor to be under-engineered; the magazine itself describes the original statement as Taylor having 'erroneously claimed' that spent fuel could be held. Gavin Ridley, a nuclear engineer, calculated a lethal dose in 85 milliseconds of contact, as Mother Jones reported (his inputs are not given in the record read; compare the worked check in pf-007). Anna Erickson, Georgia Tech nuclear engineering professor, called Valar's lack of NRC engagement a red flag: 'We can't take your word for it' (UIJP). Allison Macfarlane, former NRC chair, called start-up founders 'nuke bros' (MJ) and said none of these reactors 'exist' as products yet (TNR). Scott Morris, the NRC's former No. 2 career official, objected most to the lack of transparency in the new DOE pathways (TNR adds that there are no plans to make that regulatory work public); Doug Robison, founder of pilot-program peer Natura Resources, the only pilot company with an NRC construction permit, said bypassing the NRC 'scares the hell out of me'; Paul Dickman, retired Argonne policy fellow, dismissed the July 4 criticality goal (all TNR). Edwin Lyman (UCS) and former DOE nuclear chief Katy Huff are covered in safe-003 and orig-026. Their statements are opinions and analyses, not regulatory findings.
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “We can’t take your word for it”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “a good engineer does not make claims about things he simply has no knowledge of”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “they’ve updated the calcs and understanding”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “Scares the hell out of me”
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “a nuclear engineer who spent 16 years at TerraPower”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “I will follow up with a detailed writeup tonight or tomorrow”
Emery County's commissioners in 2026 are Dennis Worwood (chair), Jordan Leonard and Keven Jensen (ETV News). On 17 February 2026 they commended Valar 'for their transparency' when the reactor arrived and approved a support letter (orig-046); Jensen said 'your visions and values line-up with ours'. At an April 2026 public hearing on selling county land next to the lab to Valar (ETV, 9 Apr 2026), state lab director Jaron Wallace, answering a concern about truck traffic, spoke of the economic benefits and noted the land was zoned as an industrial park for such expansion; when residents asked about a buffer zone, the reply, as ETV put it, was that 'with these small reactors the fence line is all the buffer zone needed' (ETV does not say who replied), and Worwood and Leonard, who had toured the nuclear project at Kemmerer, Wyoming, 'concurred with Valar'. Jensen noted permits would still come from the county; a letter of commitment to sell was approved subject to two appraisals, and a 10-acre staging-area agreement with a liability waiver. Set beside the record: Valar's own safety agreement puts the accident-analysis boundary 400 m from the reactor, farther than the 20.6-acre lab's fence reaches (safe-014), and estimates up to 5 rem for a worker 100 m away in its worst-case accident (safe-013). The buffer-zone answer, as reported, is not what Valar's own analysis assumes.
- Emery Commission public hearing receives comments on the sale of property to Valar Atomics (ETV News, 2026-04-09) news “with these small reactors the fence line is all the buffer zone needed”
- Valar Atomics announce the arrival of nuclear reactor to Emery County (ETV News, 2026-02-19) news “your visions and values line-up with ours in this area.”
Re-reading the four Lobbying Disclosure Act filings through lda.gov's public API and print pages (29 Sept 2026) confirms ppl-011 and ppl-012: Atlas Crossing LLC is the only registrant for client 'VALAR ATOMICS INC.' (listed as a California company), registered effective 8 December 2025. Income: $10,000 (Q4 2025, 'Monitor issues related to advanced nuclear technology and innovation policy', no entity contacted), $30,000 (Q1 2026) and $30,000 (Q2 2026), when two issue areas were reported: Energy/Nuclear and Budget/Appropriations, the latter the FY27 Energy and Water appropriations bill, named in Q2 as H.R. 9022, which funds DOE. Q1 and Q2 list only the House of Representatives and the Senate as contacted; no agency, White House office or state is listed. Atlas Crossing filed 98 LDA reports for 2026 for dozens of clients, so Valar is one client of a general Washington firm. A full-text search of all LDA filings for 'Valar' in the specific-issue text returned no filing by any other registrant (29 Sept 2026). Filings list no foreign entity, affiliated organization or convictions. The lobbyists on the account disclose earlier jobs as congressional staff (chiefs of staff and advisers to House members, a House Judiciary subcommittee counsel) and as a governor's policy aide (see ppl-012). The Q3 2026 report is due 20 October 2026.
- LDA filings API, client name 'valar' (4 filings) (Lobbying Disclosure (lda.gov), Secretary of the Senate and Clerk of the House, 2026-07-20) primary filing “Issues related to H.R.9022 - Energy and Water Development and Related Agencies Appropriations Act, 2027.”
- LD-2 Q1 2026: Atlas Crossing LLC for Valar Atomics Inc. (lda.gov, 2026-04-20) primary filing
- LD-2 Q2 2026: Atlas Crossing LLC for Valar Atomics Inc. (lda.gov, 2026-07-20) primary filing
- LDA filings API, specific-issue text search 'Valar' (0 results) (lda.gov) primary filing
- LDA filings API, registrant 'Atlas Crossing', 2026 (98 filings) (lda.gov) primary filing
- LD-1 Registration: Atlas Crossing LLC for Valar Atomics Inc. (effective 12/8/2025) (lda.gov, 2026-01-07) primary filing
Federal Lobbying Disclosure Act records (lda.gov, read 29 Sept 2026) show Atlas Crossing LLC, a Washington, DC consulting firm, registered to lobby for 'Valar Atomics Inc.' (a California company, described as scaling nuclear energy for heavy industrial power and clean hydrocarbon fuel) effective 8 December 2025, on 'Issues related to advanced nuclear technology and innovation policy'. Reported income from Valar: $10,000 for Q4 2025 (issue listed as monitoring), $30,000 for Q1 2026 and $30,000 for Q2 2026, a total of $70,000. From Q1 2026 the filings add appropriations: the FY27 Energy and Water appropriations bill (named in Q2 as H.R. 9022). The only bodies listed as contacted are the House and the Senate; no federal agency (DOE, NRC, Defense) is listed. These are the only LDA filings with Valar as client; no Valar self-registration was found. The Q3 2026 report is due on 20 October 2026.
- LD-1 Registration: Atlas Crossing LLC for Valar Atomics Inc. (effective 2025-12-08) (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-01-07) primary filing “Issues related to advanced nuclear technology and innovation policy.”
- LD-2 Q4 2025: Atlas Crossing LLC for Valar Atomics Inc. (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-01-20) primary filing
- LD-2 Q1 2026: Atlas Crossing LLC for Valar Atomics Inc. (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-04-20) primary filing “Issues related to FY27 Energy and Water Resources Development Appropriations Act.”
- LD-2 Q2 2026: Atlas Crossing LLC for Valar Atomics Inc. (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-07-20) primary filing
The 'covered official position' field of the Atlas Crossing filings for Valar (the law requires lobbyists to list government jobs held in the prior 20 years) names six lobbyists: Sean Joyce (chief of staff to Rep. Patrick McHenry; legislative, communications and military-legislative posts for Rep. Shuster); Alex Bolton (chief of staff to Rep. Nicole Malliotakis); Christopher W. Eddowes (senior policy adviser to Rep. Lloyd Smucker); Alexis Oberg (policy aide to Georgia Gov. Nathan Deal); and, from Q1 2026, Robert Parmiter (general counsel of the House Permanent Select Committee on Intelligence and of the House Oversight Committee, deputy staff director of the House Judiciary Committee, and counsel posts on its crime subcommittee) and Bobby Cornett (head of legislative affairs at the Defense Department's Chief Digital and Artificial Intelligence Office; deputy chief of staff to Rep. Trent Franks). This is the ordinary 'revolving door' of Washington lobbying and is legal when disclosed; it is disclosed here. No lobbyist is listed with a past post at DOE, the NRC, or in Utah government, and none of the filings lists the Defense Department as contacted, although Valar's reactor was flown by the Defense Department (orig-030).
- LD-1 Registration: Atlas Crossing LLC for Valar Atomics Inc. (effective 2025-12-08) (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-01-07) primary filing “Chief of Staff, Rep. Nicole Malliotakis”
- LD-2 Q1 2026: Atlas Crossing LLC for Valar Atomics Inc. (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-04-20) primary filing “Head of Legislative Affairs, Chief Digital and Artificial Intelligence Office, Department of Defense”
- LD-2 Q2 2026: Atlas Crossing LLC for Valar Atomics Inc. (U.S. Senate Office of Public Records / Clerk of the House (Lobbying Disclosure Act database, lda.gov), 2026-07-20) primary filing
Valar's NOVA release (18 Nov 2025) quotes Sonat Sen as 'Valar Atomics' Lead Core Designer', saying NOVA gives real-world data on TRISO fuel performance in Valar's core and helps 'validate our proprietary software stack' used to design its reactors. An R. Sonat Sen of Idaho National Laboratory's Reactor Physics and Analysis group wrote INL report INL/EXT-20-60236 (Sept 2020), a benchmark for pebble-bed reactor fuel depletion; name and field match, but no source read states that the two are the same person. Valar's public safety documents name no individual designers. Valar's Quality Assurance Program Description (p.14) allows 'more modern and efficient' design codes to be used before their complete validation, relying on safety margins and Ward 250's data (safe-018), and the NSDA (p.38) repeats it as provisional use of modern HTGR codes.
- Los Alamos National Laboratory and Valar Atomics Announce Project NOVA Criticality Milestone in Nevada (Valar Atomics, 2025-11-18) primary company “validate our proprietary software stack, which we use to design our power reactors”
- Benchmark for Fuel Shuffling and Depletion for Pebble-Bed Reactors, INL/EXT-20-60236 Rev. 1 (R. Sonat Sen) (Idaho National Laboratory (via DOE OSTI), 2020-09) primary government
- Ward250 San Rafael Facility Quality Assurance Program Description, No. 100474, Rev 02 (status: Approved) (Valar Atomics (Public Documents), 2025-10) primary company “may be used prior to their complete validation”
ANS Nuclear Newswire (13 Nov 2025) reported a $130 million Series A 'led by venture capital groups Snowpoint, Day One, and Dream', with Snowpoint co-founder Doug Philippone joining the board and total funding above $150 million. Tech Startups (10 Nov 2025) gives the same three leads, names Palmer Luckey (Anduril's founder) and Palantir CTO Shyam Sankar as backers, says Lockheed Martin director and former AT&T executive John Donovan joined the round, and says the raise pushed Valar's total funding to more than $150 million. Contrary Research (an investor, 11 Nov 2025) credits the lead to Philippone at Snowpoint and lists Luckey, Sankar, Dream, Day One and Contrary itself, with a 'Total Funding' figure of $150M. The sum of the earlier rounds ($1.5M + about $19M + $130M) matches the $150 million total. The New Republic reports that much of the $130 million came from Luckey and Sankar (ppl-010); that does not contradict the three named leads, since a lead investor sets the terms of a round and need not supply most of the money, but no source gives the split. No valuation for this round appears in any source read; The Next Web later said only that the Series A valued Valar at 'a fraction' of its March 2026 price. The same month, TriplePoint lent Valar $5 million (fund-005). Valar's library has no Series A article of its own; its Series A items link to a LinkedIn post by Taylor (a TBPN clip), a paywalled Bloomberg story, an Axios Pro Rata item and an LA Times B2B story, none of which could be read (orig-049).
- New financing round benefits Valar (American Nuclear Society, Nuclear Newswire, 2025-11-13) news “led by venture capital groups Snowpoint, Day One, and Dream”
- Valar Atomics, a nuclear startup backed by Palmer Luckey and Palantir CTO, raises $130M to build thousands of advanced reactors (Daniel Levi) (Tech Startups, 2025-11-10) news “pushes Valar's total funding to more than $150 million”
- Report: Valar Atomics Business Breakdown & Founding Story (Contrary Research (an investor in Valar), 2025-11-11) analysis
- A 27-year-old just raised $450 million to bet that AI's future runs on nuclear power (Cristian Dina) (The Next Web, 2026-04-01) news
ETV News (10 Oct 2025) quoted Jaron Wallace, director of the state-run Utah San Rafael Energy Lab that hosts Ward 250: 'Any nuclear company is required to show no dose at the site boundary during an accident event', adding that in the worst case 'the site boundary and thus the public will never see a dose of radiation above background'; the article also paraphrased him that Valar must prove no damage or radiation can pass the fence line of its 11 acres. Set beside the record: Valar's own Ward250 Nuclear Safety Design Agreement (revision 02, October 2025, marked draft) models a bounding 'maximum hypothetical accident' that assumes fuel-particle failures beyond demonstrated limits, a breach of the pressure boundary and stable, light-wind weather (Class F, 1 m/s) that the paper calls the most conservative. It puts the dose at the 400-metre site boundary below 0.5 rem (500 millirem) in one section and below 100 millirem in another, and below 0.1 rem at the nearest home about 800 metres away (safe-013). It measures these against a 25 rem evaluation guideline, not against zero. DOE's categorical exclusion gives natural background radiation in central Utah as about 100-120 millirem a year, and the routine public dose limit as 100 millirem a year. So the company's own analysis does not show 'no dose' at the boundary: it shows a small calculated dose in an accident it treats as a worst case, far below the guidelines it uses. Whether the lab director meant routine operation or a different standard is not in the record; this rests on one news report of his words.
- What’s actually happening at the Utah San Rafael Energy Lab? (Susanna Watts) (ETV News, 2025-10-10) news “Any nuclear company is required to show no dose at the site boundary”
- Ward250 Nuclear Safety Design Agreement (Document 100403, Revision 02, marked draft, October 2025) (Valar Atomics, 2025-10) primary company “Preliminary results indicate site boundary doses below 0.5 rem Total Effective Dose Equivalent”
- NEPA Determination DOE-ID-26-005: Valar Ward250 Research Reactor (categorical exclusion B5.26) (U.S. Department of Energy, Office of Nuclear Energy, 2026-04-22) primary government “Natural background radiation in central Utah is approximately 100-120 mrem/year.”
ETV News (10 October 2025) quoted Jaron Wallace, identified as director of the Utah San Rafael Energy Lab (a state office), saying any nuclear company must show no dose at the site boundary in an accident, that in the worst case the public 'will never see a dose of radiation above background', and that Valar must prove radiation cannot pass the fence line of its 11 acres. Valar's own NSDA, dated the same month, does not claim zero: its worst-case analysis gives up to 0.1 or 0.5 rem at a 400 m boundary and up to 5 rem at 100 m (safe-013), and its standard is the 25 rem evaluation guideline, and it also cites a 1 rem figure labelled 'USNRC NPUF', which matches the NRC's test for sizing an emergency planning zone (1 rem over 96 hours, 10 CFR 50.33(g)(2)); neither is zero. As reported, the director's description (no dose at the boundary) differs from both the figures the NSDA measures against and the company's own analysis.
- What's actually happening at the Utah San Rafael Energy Lab? (ETV News, 2025-10-10) news “Any nuclear company is required to show no dose at the site boundary”
- Ward250 Nuclear Safety Design Agreement, No. 100403, Rev 02 (status: Draft; issued for Public Release) (Valar Atomics, 2025-10) primary company
E&E News (POLITICO; Francisco 'A.J.' Camacho, 23 July 2025) reported that Valar Atomics 'has still not contacted or met with the commission' and quoted CEO Isaiah Taylor: 'If you believe that the jurisdiction is wrong, why would you engage in the process?', and that the NRC 'is wrongly holding jurisdiction' over its Utah project. The article says Valar joined the lawsuit against the NRC in spring 2025 (orig-016); its outcome is tracked elsewhere and was not checked here. The Trust Lands memo and slides, by contrast, present NRC licensing, with Federal Register notice and hearings, as part of the oversight of the Carbon campus, and the slides list 'Decommissioning bond is required by NRC' among the safeguards (csite-010). NRC's website refused our reader (HTTP 403), so whether Valar has since opened any NRC pre-application engagement could not be checked as of 29 September 2026. Valar's own library post of 7 April 2025 says the company is joining the states of Texas, Utah, Louisiana, Florida and Arizona, with Last Energy and Deep Fission, in that lawsuit, and argues that Congress left small reactors to the states. By the company's account, then, the State of Utah is a co-plaintiff in a suit over NRC authority, while a Utah agency's memo presents NRC licensing as a safeguard for the Carbon campus; the suit's current status was not checked.
- NRC lawsuit could hand states power over advanced reactors (E&E News by POLITICO (Francisco "A.J." Camacho), 2025-07-23) news “If you believe that the jurisdiction is wrong, why would you engage in the process?”
- 09.17.2026 TLA Board Packet (Item 10A: SULA 2095-OBA Board of Trustees Memorandum, Carbon County letter, lease map) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “NRC licensing is a public process, requiring Federal Register notice”
- Valar Atomics is Suing the NRC (Valar Atomics (Isaiah Taylor), 2025-04-07) primary company “Valar Atomics is joining the states of Texas, Utah, Louisiana, Florida, Arizona”
The Utah Investigative Journalism Project's 'Who is Valar Atomics?' (Eric Peterson, 8 July 2025, with Utah News Dispatch) is the only investigative piece on Valar by a Utah newsroom found; its report of engineers' CT-scan calculations is cited elsewhere here only as reported, with the engineers' inputs unknown, until their own posts are archived (the claim itself: safe-026; a worked check: pf-007). It also reported: that over a dozen advanced reactor companies were listed on the NRC's website, 'but not Valar', while co-plaintiff Deep Fission was; that Valar's top engineers came from Ultra Safe Nuclear, which went bankrupt and sold its intellectual property to Nano Nuclear (ppl-015), with a University of Utah law professor noting possible litigation over ideas staff learned at earlier employers; that TRISO fuel is very robust but very expensive, with engineer Nick Touran saying 'just the fuel cost alone prevents that from even making sense at all' for factory-built reactors, and that maintaining a thousand-reactor farm would kill the concept; Touran's warning, 'In nuclear, an incident anywhere is an incident everywhere'; Georgia Tech nuclear engineer Anna Erickson: 'I don't know how you can claim your design is so safe without doing engineering'; and the state energy office director: 'Just because we have that MOU, there's still not a commitment at the moment'. Valar and its head of operations did not respond to the reporter's requests. Other Utah coverage found is news or opinion, not investigation: Salt Lake Tribune editorials (May and November 2025), a Utah News Dispatch opinion column (March 2026) drawing on Mother Jones, and the Tribune's republication of ProPublica (dir-011).
- Who is Valar Atomics? (Eric Peterson, Utah Investigative Journalism Project with Utah News Dispatch) (Utah Investigative Journalism Project, 2025-07-08) news “In nuclear, an incident anywhere is an incident everywhere”
- Who is Valar Atomics? (same article: Anna Erickson) (Utah Investigative Journalism Project, 2025-07-08) news “I don't know how you can claim your design is so safe without doing engineering”
- Tribune editorial: Spencer Cox's nuclear dream for Utah deserves careful scrutiny (headline only; paywalled) (The Salt Lake Tribune, 2025-05-30) analysis
Assessments of Valar's leadership, as published: Mother Jones (Feb 2026) quotes former NRC chair Allison Macfarlane calling Taylor and other nuclear start-up founders 'nuke bros' who 'don't know what they don't know', and writes that while there are now 'some seasoned nuclear engineers' in leadership, some top executives have as little nuclear experience as Taylor. The Utah Investigative Journalism Project (July 2025) reports Valar's top nuclear engineers and scientists came from Ultra Safe Nuclear, which went bankrupt and sold its intellectual property to Nano Nuclear (ppl-015), and quotes Georgia Tech professor Anna Erickson: 'I don't know how you can claim your design is so safe without doing engineering.' On the other side, Taylor told Deseret News Valar has hired many people 'who have Ph.D.s' and experience in nuclear engineering companies, and nuclear engineer Nick Touran, a critic of the spent-fuel claim (safe-026), told Deseret News the company is 'well plugged in' and has shown it can get things done. The record read supports parts of both: no nuclear-industry background appears for the founder or the operations head (ppl-001, ppl-004), while the Chief Nuclear Officer's announced background is in helium-cooled (HTGR) programs (ppl-003); two other named engineers share names with authors of pebble-bed research, a link no source read confirms (ppl-007, ppl-008).
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “don’t know what they don’t know”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “I don’t know how you can claim your design is so safe without doing engineering.”
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “well plugged in, they know the right people”
The New Republic (May 2026), from the audio recording of Valar's 8 July 2025 town hall in Castle Dale (see orig-045), reports: by then the site was picked and construction moving; when a resident asked if the reactor had run, head of projects Max Ukropina said 'We had it on since February. On and off, in different ways', which referred to the non-nuclear thermal prototype, and the resident concluded the reactor was technically untested; Taylor said Valar was 'hesitant to be the company that comes in and promises the world'; and when a resident raised Chernobyl and said the town did not want to be part of a race with China, Taylor asked how many people had died in the coal industry in Carbon and Emery counties and said 'the deaths are terrible, but power is important.' The magazine describes the residents as having had 'very little say'. The town hall itself was requested by Valar after the state MOU (orig-045); the state lab director says the contract followed about two weeks after Valar first said it wanted to build there (ppl-027). Residents who spoke are described, not named.
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “the deaths are terrible, but power is important”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “We had it on since February. On and off, in different ways”
The Utah Office of Energy Development (OED) owns and runs the San Rafael Energy Lab, is Valar's landlord there, and promotes the project. On 23 May 2025 Taylor announced the state deal on Bloomberg TV alongside Gov. Spencer Cox, who said of the July 2026 target, 'It's absolutely possible that we can do that' (The New Republic). OED's people, in their own words: Director Emy Lesofski said in July 2025 the state's agreement was a non-binding MOU, 'still not a commitment' (UIJP), and at the September 2025 groundbreaking called it 'a historic moment'. Lab director Jaron Wallace said in the same release that Valar's 'concentrated infrastructure' means industrial-scale power for Utah, told local news in October 2025 that Valar must show no dose at the fence (safe-015), and in April 2026 spoke for the sale of county land to Valar (ppl-021). Deputy Director Jake Garfield told the Trust Lands board on 20 August 2026 that Valar had been 'diligent in guaranteeing public safety' and worked with regulators 'both at the state and' DOE. Deputy Director Tracy Rees, who oversees the lab, told the board on 17 September that 'transparency and accessibility are ethos' for Valar. Set beside the record: Valar's own safety agreement says the state 'may observe but not direct' and the state agreements it cites were not found (safe-034); no state permit or license for the reactor was found (carbon_site open questions); the worst-case analysis does show a dose at the boundary (safe-013); and the Carbon site was not named in public until August 2026 (csite-028). On 25 Sept 2026 the lab posted a time-limited Safety Manager position; the listing does not say whether it is new (dir-006). These are statements of support by the office that hosts and promotes the project; none is a safety finding.
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “Just because we have that MOU, there’s still not a commitment at the moment”
- Valar Atomics breaks ground at the Utah San Rafael Energy Lab (press release by OED, USREL and Valar Atomics) (Utah Office of Energy Development / Valar Atomics (via Utah Business), 2025-09-17) primary government “their unique focus on concentrated infrastructure means Utah will have the industrial-scale power”
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “They've been diligent in guaranteeing public safety and working with the regulators”
- 09.17.2026 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09-17) primary government “transparency and accessibility are ethos”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09) primary government
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “It’s absolutely possible that we can do that”
- Ward250 Nuclear Safety Design Agreement, No. 100403, Rev 02 (status: Draft; issued for Public Release) (Valar Atomics (Public Documents), 2025-10) primary company “State representatives may observe but not direct DOE regulatory activities”
Taylor's public statements on regulation and safety, read at their sources: (1) April 2025, announcing the NRC suit: operating Ward One in a remote US test area 'would not pose a threat' to public health under any reasonable accident, and because the NRC had not exempted it 'we are building and testing this reactor in the Philippines instead'; the same post made the spent-fuel 'CAT scan' claim that engineers disputed, as reported, and for which no supporting calculation was found (safe-026; worked check: pf-007). (2) May 2025: regulation should follow industry (orig-019). (3) July 2025, to E&E News: why engage with a regulator whose jurisdiction you think is wrong (csite-022). (4) November 2025, on X as quoted by Mother Jones: keep civilization alive by treating it as a frontier, 'not covering everything in bubble wrap'. (5) November 2025, NOVA release: zero-power criticality is 'a reactor's first heartbeat, proof the physics holds'. Set beside the record: Valar's first reactor to operate, Ward 250, was built in Utah under DOE authorization, while no public record of what became of the 100 kWt Ward One planned for the Philippines was found as of 2026-09-29 (orig-018); DOE, not Taylor, set the safety limits, and the documents that hold them are largely not public (safe-007); by 2026 Valar was hiring for NRC licensing (safe-032). His own NOVA release states that zero-power criticality proves the physics, not the power: 'Cold proves the physics. Hot proves the power.' (orig-026).
- Valar Atomics is Suing the NRC (Isaiah Taylor) (Valar Atomics, 2025-04-07) primary company “we are building and testing this reactor in the Philippines instead”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “not covering everything in bubble wrap”
- Los Alamos National Laboratory and Valar Atomics Announce Project NOVA Criticality Milestone in Nevada (Valar Atomics, 2025-11-18) primary company “Zero power criticality is a reactor’s first heartbeat, proof the physics holds”
Valar's mission page lists Max Ukropina as Head of Projects. In the NOVA release (Nov 2025) he said President Trump asked industry and the labs 'to make nuclear great again'. At the Trust Lands board on 20 August 2026 (auto-transcript and approved minutes) he said Valar talked to more than 20 states; that in 2024 he came to Utah and met the Office of Energy Development, the Governor's economic office, SERDA and Carbon County (the auto-transcript renders these as 'Office of Development, the Goyo, Serta, and Carbon County'), when the plan was to make fuels from coal-plant flue gas; that the Emery lab is 'no longer just a test facility' but Valar's whole Utah operation including a fuel facility; that Valar is buying 110 acres from Emery County (mine-018); and that Valar had been careful to avoid 'overpromising' to rural communities. Set beside the record: in July 2025 Valar told Emery County about a 12-month test in a temporary facility (orig-045, mine-019), and the first public record naming Valar for the Carbon site is from August 2026 (csite-018), although by his account the company had been talking with Carbon County since 2024 (csite-028). His earlier career was not established from any readable source (his profile pages need a login).
- Mission | Valar Atomics (Valar Atomics) primary company “Max Ukropina Head of Projects”
- Los Alamos National Laboratory and Valar Atomics Announce Project NOVA Criticality Milestone in Nevada (Valar Atomics, 2025-11-18) primary company “President Trump asked industry and the labs to make nuclear great again.”
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “It's no longer just a test facility.”
- 08.20.2026 FINAL TLA Minutes (Utah Trust Lands Administration (Utah Public Notice Website), 2026-09) primary government
Testing a resident's point that 'nobody knew', against what the people involved have said on the record. Officials: Valar's Max Ukropina told the Trust Lands board that in 2024 he met the Office of Energy Development, the Governor's economic office, SERDA and Carbon County (ppl-006, mine-018); Commissioner Jared Haddock said the county worked with Valar 'since the beginning, when they were looking at other states' (ppl-020); the county's 29 June 2026 letter says the county had worked with Valar for over a year (mine-013); Carbon's October 2024 minutes note that Commissioner Martines phoned in while travelling home from a trip to Idaho National Laboratory connected with the San Rafael lab (csite-026). The New Republic reports that before the May 2025 executive orders Valar staff were exploring land in southern Utah for a first 'gigasite', and the lab director says a contract followed about two weeks after Valar said it wanted to build at the lab; in July 2025 the state called its agreement a non-binding MOU (ppl-018). Public: the state's lease map is dated 9 April 2026 (mine-048); the 20 April 2026 state notice called it an unnamed industrial and power project (csite-032); the first public agenda naming Valar for the site is 10 August 2026 (csite-018); the first local news came on 18 September, the day after approval (mine-041). Finding: by the officials' and Valar's own accounts, county, state-agency and regional officials were in contact with Valar about Carbon County from 2024, roughly two years before a public agenda named Valar for the site. The 2024 contacts, as Ukropina described them, concerned making fuels from coal-plant flue gas; when the Wellington parcel itself entered the talks is not shown by any public record (the state's lease map is dated 9 April 2026; the county's 29 June 2026 letter says it had worked with Valar for over a year). This is a gap in public notice, not proof of any intent; what was said in those 2024-2026 contacts is not public.
- 2026-08-20 TLA Board of Trustees Meeting Audio Transcript (auto-generated) (Utah Trust Lands Administration (Utah Public Notice Website), 2026-08-24) primary government “We've actually been working with Valor for since the beginning”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “Valar employees were exploring land in southern Utah”
- Donald Trump Is Going Nuclear (Colin Jones) (The New Republic, 2026-05-26) news “a signed contract was about two weeks”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “The state has not yet formalized any arrangement for Valar to access state facilities”
Valar's senior nuclear hires come from two helium-cooled, TRISO-fuel reactor ventures that did not build a power reactor. (1) Pebble Bed Modular Reactor (PBMR), South Africa, where, per Valar's release, Mark Mitchell's nuclear career began, and on which a same-named Willem Kriel co-wrote a 2006 paper (ppl-003, ppl-007): World Nuclear News (20 Sept 2010) reported the government had decided 'no longer to invest' after about ZAR 9.2 billion (about $1.3 billion) over a decade, mostly public money, having found no anchor customer or investment partner and facing at least ZAR 30 billion more in costs and repeated missed deadlines; the project went into care and maintenance. The minister said the validity of the pebble-bed technology itself was not in doubt. (2) Ultra Safe Nuclear Corporation (USNC), where Mitchell established and led the Micro Modular Reactor program and, per Deseret News and the Sept 2025 OED/Valar release, served as president (ppl-003): Nano Nuclear Energy announced on 24 Dec 2024 that it would buy USNC's MMR and Pylon reactor technology and related partnerships for $8.5 million in cash, through a court-supervised auction in USNC's pending Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, approved on 18 Dec 2024; the release describes the MMR system as still 'under development'. Mitchell's move to Valar was announced in April 2024, about eight months before the court approved that sale. None of this is a finding against any individual; it is the track record of the programs.
- Government drops final curtain on PBMR (World Nuclear News, 2010-09-20) news “no longer to invest”
- NANO Nuclear Energy Enters into Agreement to Acquire Ultra Safe Nuclear Corp.'s Patented Micro Modular Reactor MMR and Pylon Space Reactors for $8.5 Million (NANO Nuclear Energy Inc., 2024-12-24) primary company “in connection with USNC’s pending Chapter 11 bankruptcy proceedings”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news “went bankrupt last year and sold its intellectual property to another company”
Internet Archive copies of Valar's site show how it first presented itself. April 2024: a one-page 'Engineers Wanted' recruiting site whose only updates are the company's unveiling and a $1.5m pre-seed from Riot Ventures. December 2024, 'Atomic Energy Reborn': Valar builds thousands of reactors on one large site and sells grid power plus hydrogen from a sulfur-iodine cycle, data center power, industrial power, and synthetic hydrocarbon fuel made by combining its hydrogen with CO2 captured from coal and natural gas plants and from direct air capture, through a modified Fischer-Tropsch process. The team listed then: Isaiah Taylor (Founder and CEO), Mark Mitchell (Chief Nuclear Officer), Willem Van Rooyen (Head of Mechanical Engineering), Visura Pathirana, PhD (Lead Nuclear Engineer), Kip Mock (Head of Operations) and Max Ukropina (Head of Project Development); address El Segundo. January 2025 mission page: 'hundreds of reactors on one Gigasite', three leaders with biographies (the mechanical head's cites leading heat-supply design for Ultra Safe Nuclear's MMR) and 18 staff. September 2026: the homepage says hundreds, the leadership list has five names including a President (orig-003), and neither Van Rooyen nor Pathirana is on it. Valar's California filing gives its business as nuclear heat for fuel synthesis (orig-052).
- Valar Atomics homepage as archived by the Internet Archive, 7 April 2024 (Valar Atomics (archived copy, Internet Archive), 2024-04-07) primary company “We’re building a company by solving one of the hardest problems in physics”
- Valar Atomics homepage as archived by the Internet Archive, 6 December 2024 (Valar Atomics (archived copy, Internet Archive), 2024-12-06) primary company “Valar Atomics builds thousands of reactors on one large site”
- Valar Atomics mission page as archived by the Internet Archive, 17 January 2025 (Valar Atomics (archived copy, Internet Archive), 2025-01-17) primary company “We’re building hundreds of reactors on one Gigasite”
- Mission | Valar Atomics (live page) (Valar Atomics) primary company
A Business Wire release dated 29 April 2024 (linked from Valar's library) announced Mark Mitchell as Valar's Chief Nuclear Officer, to oversee nuclear operations including licensing and regulatory compliance, reactor and powerplant manufacturing planning, and client support and fleet services. It says his nuclear work began at the South African Pebble Bed Modular Reactor company and that he established and led the Micro Modular Reactor (MMR) program at Ultra Safe Nuclear (USNC); Deseret News (Mar 2026) says he was previously president of Ultra Safe Nuclear Corporation, and the September 2025 groundbreaking release issued by the Utah Office of Energy Development's lab and Valar calls him 'former USNC President Mark Mitchell'. The release then described Valar, based in El Segundo, as aiming to make synthetic fuels from CO2 and water with mass-built reactors, a goal the current mission page still lists, now beside hydrogen, data-center power and heavy industrial power (orig-001). Valar's quality plan gives the 'COO/Chief Nuclear Officer' role direct oversight of nuclear operations, engineering and quality assurance, reporting to the CEO (safe-019, safe-036); the mission page lists Mitchell as Chief Nuclear Officer, which would make his the senior nuclear-safety post, although the plan names roles, not people. What became of his earlier programs is in ppl-015.
- Advanced Nuclear Industry Innovator, Mark Mitchell, Joins Valar Atomics as Chief Nuclear Officer (Business Wire release, syndicated) (Valar Atomics via Business Wire, 2024-04-29) primary company
- Library | Valar Atomics (links the Mitchell release) (Valar Atomics) primary company “Advanced Nuclear Industry Innovator, Mark Mitchell, Joins Valar Atomics as Chief Nuclear Officer”
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “previously served as president of Ultra Safe Nuclear Corporation”
- Mission | Valar Atomics (Valar Atomics) primary company “Mark Mitchell Chief Nuclear Officer”
- Valar Atomics breaks ground at the Utah San Rafael Energy Lab (press release by OED, USREL and Valar Atomics) (Utah Office of Energy Development / Valar Atomics (via Utah Business), 2025-09-17) primary government “led by former USNC President Mark Mitchell”
- Ward250 San Rafael Facility Quality Assurance Program Description, No. 100474, Rev 02 (status: Approved) (Valar Atomics (Public Documents), 2025-10) primary company “Direct oversight of nuclear operations, engineering, and quality assurance”
California's bizfile system could not be read (bot protection), so this rests on bizprofile.net, a site that republishes state filings and says its data was extracted from the California Secretary of State's registry as of March 25, 2026. It shows Valar Atomics Inc., a stock corporation formed in Delaware, filed in California on March 5, 2024 under document number 6130344, status active and in good standing; principal address 4857 W 147th St, Hawthorne; a mailing address at a Wilmington, Delaware office suite; registered agent Firstbase Registered Agent Inc.; business type 'Nuclear Heat for Fuel Synthesis and other applications'. The officers listed are Taylor as chief executive, chief financial officer and secretary; the latest Statement of Information on the copy was filed November 19, 2024, which also moved the principal address from Wilmington to Hawthorne, and it predates Valar naming a separate President (orig-003, ppl-005). Registering in California about eight months after the stated July 4, 2023 founding is ordinary for a Delaware company that starts doing business in California; it neither confirms nor contradicts the founding date (orig-053).
- Valar Atomics Inc. Hawthorne, CA - filing information (third-party republication of California Secretary of State data, as of 2026-03-25) (bizprofile.net, 2026-03-25) analysis “Nuclear Heat for Fuel Synthesis and other applications”
Valar's mission page lists Kip Mock as Head of Operations. Deseret News (Mar 2026) reports that Mock co-founded the Moscow, Idaho auto shop with Taylor, ran it for about a year and a half while Taylor paid the bills from a software job, sold his shares when Valar began, joined Valar about six months after its July 2023 founding after founding another company, and says college degrees are not a strict hiring requirement ('Isaiah dropped out, I dropped out'). Mother Jones (Feb 2026) and the Utah Investigative Journalism Project (July 2025) report he was heading the Philippines reactor project (orig-018); Mother Jones counts him among leaders who 'appear to have as little nuclear experience as Taylor' (its assessment). No nuclear-industry background for Mock appears in any source read. Mock's current duties under the Ward 250 quality plan are not stated in the public documents, which name roles, not people.
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “Isaiah dropped out, I dropped out”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “appear to have as little nuclear experience as Taylor”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news
- Mission | Valar Atomics (Valar Atomics) primary company “Kip Mock Head of Operations”
Valar's own document library lists 'Announcing a Pre-Seed Funding Round Led By Riot Ventures' (a LinkedIn post that needs a login, so it was not read); the $1.5 million amount and the November 2023 date rest on the company's archived April 2024 homepage and Mother Jones (orig-050). Riot Ventures went on to lead the February 2025 seed (fund-003) and joined the August 2026 Series B (fund-007). Riot's own partner page (read 29 Sept 2026) says its co-founder and general partner Stephen Marcus 'serves on the Boards of' several companies, naming Valar Atomics. That adds a third investor director on the public record, beside Sequoia's Shaun Maguire and Snowpoint's Doug Philippone (ppl-010). Taylor has said he pitched about 80 venture firms before Marcus made the first investment (The New Republic, cited in ppl-010). Valar publishes no board list, and no Form D by Valar exists to name its directors (fund-010), so this seat is known only from the investor's page.
- Library (Valar Atomics) primary company
- Stephen Marcus (partner biography) (Riot Ventures) primary company “Steve serves on the Boards of Shield AI (aerospace and defense), Valar Atomics (nuclear power)”
A Deseret News profile (Eva Terry, March 17, 2026) says Taylor founded Valar Atomics on the Fourth of July in 2023 and calls it an El Segundo-based startup; it names Jess Housekeeper as Valar's director of Utah operations and says the reactor's stackable concrete shielding blocks are made in Salt Lake City. This agrees with Contrary Research's July 2023 date (orig-021) and ANS's El Segundo headquarters (orig-011). The legal entity is confirmed elsewhere (a Delaware corporation, orig-051), but no state record showing the formation date could be read (orig-053).
- At just 27 years old, this entrepreneur is remaking America's energy industry (Deseret News, 2026-03-17) news “Taylor founded Valar Atomics on the Fourth of July in 2023”
- Report: Valar Atomics Business Breakdown & Founding Story (Contrary Research, 2025-11-11) analysis
Claim: Deseret News (March 2026) reports that Taylor founded Valar on the Fourth of July, 2023 (orig-029); Contrary Research, an investor, says July 2023 (orig-021); Valar told an Emery County town hall in July 2025 that it was about two years old (orig-045); its August 2026 Series B post says it was born three years earlier (orig-015). Record: the earliest dated items are the company's own library entries for Taylor's 'Announcing Valar Atomics' post (November 3, 2023) and pre-seed post (December 6, 2023, per the library; orig-050); the earliest archived website (April 7, 2024) is a recruiting page listing only those two updates (orig-062); and the California registration of the Delaware corporation is dated March 5, 2024 (orig-052). The Delaware certificate of incorporation, which would show the legal formation date, could not be read (CAPTCHA). Nothing read contradicts a mid-2023 start, and nothing independent confirms July 4; the date doubles as the company's patriotic theme (Ward 250 is named for the nation's 250th birthday, orig-045). Taylor's pre-Valar career, as an investor describes it, included software work for the Department of Defense and Bridgewater Associates (Initialized Capital, February 2025); that is the investor's account; Taylor told Deseret News he briefly worked for a hedge fund and did engineering work for the Department of Defense (ppl-001).
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “Taylor founded Valar Atomics on the Fourth of July in 2023”
- Library | Valar Atomics (press list; entry 'Announcing Valar Atomics', dated 2023-11-03 in the page data) (Valar Atomics) primary company “Announcing Valar Atomics”
- Valar Atomics Inc. Hawthorne, CA - filing information (third-party republication of California Secretary of State data) (bizprofile.net, 2026-03-25) analysis “Officially filed on March 5, 2024”
- Initialized Backs Valar Atomics to Build Nuclear Gigasites (investor's blog) (Initialized Capital, 2025-02) analysis “worked on software systems for the Department of Defense and Bridgewater Associates”
Valar's mission page lists Isaiah Taylor as Founder & Chief Executive Officer (orig-003). His path before Valar, as told in the reporting read: Deseret News (17 Mar 2026) says he left high school at 16, co-founded an auto repair shop in Moscow, Idaho with Kip Mock (Erber Auto; both sold their shares when he started Valar, and it still operates), then started an automotive software startup that failed, briefly worked for a hedge fund, and in his words 'did some stuff for the Department of Defense on the engineering side'. Mother Jones (Feb 2026) cites Taylor's own 2024 post: self-taught coder, left high school, 'making six figures' by 16, auto shop at 17, a software career that 'did well'; the Utah Investigative Journalism Project (July 2025) also names the auto repair company founded with Mock. None of these name the software employer, the hedge fund or the Defense Department work, and no record of that work was found as of 2026-09-29. No account read shows a nuclear-industry job or nuclear degree before he founded Valar on 4 July 2023 (orig-029); Mother Jones describes him as having 'practically no experience with nuclear energy' (its assessment). The biography rests largely on Taylor's own telling.
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “He dropped out of high school at 16 and started an auto repair shop.”
- Mother Jones (Kiera Butler), 26 Feb 2026 (May+June 2026 issue) (Mother Jones, 2026-02-26) news “practically no experience with nuclear energy”
- Who is Valar Atomics? (Eric Peterson) (The Utah Investigative Journalism Project, 2025-07-08) news
- Mission | Valar Atomics (Valar Atomics) primary company “Isaiah Taylor Founder & Chief Executive Officer”
- Ward250 San Rafael Facility Quality Assurance Program Description, No. 100474, Rev 02 (status: Approved) (Valar Atomics (Public Documents), 2025-10) primary company “Chief Executive Officer (CEO): Ultimate legal responsibility and resource allocation authority”
Valar says its 'doors remain open through tours, town halls and straight answers' (csite-027). In Emery County the record bears out frequent public contact: at least 15 appearances counting the county commission's (gov-020 to gov-039). Those found besides the commission: Orangeville City Council, 11 December 2025 (water line; 30-40 workers over six months), 11 June, 9 July and 13 August 2026 (fuel building, water shares, title, town hall); Orangeville planning commission, 16 July 2026 (I-2 zone); Castle Valley Special Service District, 19 February 2026 (plans by video; a second Valar staff member also attended); Cleveland Town was told on 12 March that Valar had presented to that board; Castle Dale City Council, 12 March 2026 (construction, water, security); Ferron City Council, 15 April 2026 (how the reactor works; that testing is done at 'worse case scenario' [sic]; staffing: 120 people employed in Emery, many living out of state, loc-004); a farm bureau meeting on 30 April 2026 (ETV, 1 May); the Emery County Business Chamber tour, 19 August; open houses on 26 February and 10 September 2026; and the July 2025 town hall. The fire district put Valar on its agenda in February and March 2026 (loc-018). In Carbon County the appearances were fewer and none named the Wellington site (loc-012). What the record cannot show is how complete the answers were: minutes are summaries, and several statements made at these meetings go beyond the public safety record (loc-005, loc-006, loc-025, ppl-026).
- December 11, 2025 City Council Minutes (Orangeville) (Orangeville City, 2025-12-11) primary government
- June 11, 2026 City Council Minutes (Orangeville) (Orangeville City, 2026-06-11) primary government “Once completed they will be the largest manufacturer of this fuel”
- July 9, 2026 City Council Meeting Minutes (Orangeville) (Orangeville City, 2026-07-09) primary government “The 1000 water shares is not part of the data center”
- August 13, 2026 City Council Minutes (Orangeville) (Orangeville City, 2026-08-13) primary government “waiting on a clean title to purchase the property”
- Orangeville City Planning and Zoning Commission minutes, July 16, 2026 (notice text) (Orangeville City Planning and Zoning, 2026-07-16) primary government “Everything needs to go through the attorneys from the City and Valar.”
- CVSSD Regular Meeting Minutes, February 19, 2026 (approved) (Castle Valley Special Service District, 2026-02-19) primary government
- Cleveland Town Council Meeting Approved Minutes for 3/12/2026 (notice text) (Cleveland Town, 2026-03-12) primary government
- Castle Dale City Council Meeting Minutes, March 12, 2026 (approved; scanned, read as page images) (Castle Dale City, 2026-03-12) primary government “The reactor requires minimal water—about 10 acre-feet for industrial use”
- Ferron City Council Minutes, April 15, 2026 (scanned, read as page images) (Ferron City, 2026-04-15) primary government “All testing of the reactor is done at “worse case scenario””
- Production issues discussed at Farm Bureau meeting (ETV News, 2026-05-01) news
- Emery County Business Chamber gets an up-close look at Valar Atomics' progress (Stephanie Olsen) (ETV News, 2026-08-24) news “completely removing the risk of a meltdown”
- Valar Atomics celebrates its footprint with community open house (Stephanie Olsen) (ETV News, 2026-02-27) news
- Community gets closer look at Valar Atomics during open house (Scottie Kraync) (ETV News, 2026-09-14) news “as we grow here in your backyard, in your community”
- Not A Nuclear Plant Just Testing a Small Nuclear Reactor (Julie Johansen) (ETV News, 2025-07-09) news “Not A Nuclear Plant Just Testing a Small Nuclear Reactor”
The mission page lists five leaders as of 2026-09-29: Isaiah Taylor, Founder & Chief Executive Officer; Muhammad 'Mo' Shahzad, President; Mark Mitchell, Chief Nuclear Officer; Kip Mock, Head of Operations; Max Ukropina, Head of Projects. The page says the team has decades of experience researching, designing and constructing HTGRs but gives no individual backgrounds on the page text itself. See people.json for roles and histories.
- Mission | Valar Atomics (Valar Atomics) primary company “Isaiah Taylor Founder & Chief Executive Officer”
Business addresses given for Valar Atomics Inc. in records read: (1) 1325 E El Segundo Blvd, Suite A, El Segundo, CA: on the company's own website in December 2024 (archived copy) and as the client address on its federal lobbying registration effective December 8, 2025. (2) 4857 W 147th St, Hawthorne, CA: the principal address on the California registration from a Statement of Information filed November 19, 2024, per a third-party copy (orig-052); DOE's September 30, 2025 fuel-line release lists Valar in Hawthorne; ANS called it Hawthorne-based in November 2025; it is the recipient and place-of-performance address in the federal award record (orig-055) and the address given for the mark's owner in the March 2026 trademark application (orig-051); Valar's June 2026 draft calls Hawthorne 'our headquarters' (orig-035). (3) 20333 Normandie Ave, Torrance, CA: the locator address on the Notice of Location for the RW 453 lode claim in Carbon County, September 12, 2026 (posted notice; fld-002). Press kept describing Valar as El Segundo-based: Contrary (November 2025), Mother Jones and Deseret News (early 2026), ANS (June 2026) and TechCrunch (July 2026). No record read explains what the Torrance address is. Valar's current website gives no street address.
- Valar Atomics homepage as archived by the Internet Archive, 6 December 2024 (Valar Atomics (archived copy, Internet Archive), 2024-12-06) primary company “1325 E El Segundo Blvd”
- LD-1 Lobbying Registration: Atlas Crossing LLC for Valar Atomics Inc. (effective 12/8/2025) (Clerk of the House / Secretary of the Senate (lda.gov), 2026-01-07) primary filing “1325 E El Segundo Blvd. Suite A”
- Energy Department Selects Four Companies for Advanced Nuclear Fuel Line Pilot Projects (U.S. Department of Energy, 2025-09-30) primary government “Valar Atomics Inc (Hawthorne, CA)”
- New financing round benefits Valar (American Nuclear Society, Nuclear Newswire, 2025-11-13) news “Hawthorne, Calif.–based reactor start-up Valar Atomics”
- Ward 250 By the Numbers (unlisted draft page) (Valar Atomics, 2026-06-28) primary company “at our headquarters in Hawthorne, CA”
- Valar’s Ward 250 reaches criticality in Utah (American Nuclear Society (Nuclear Newswire), 2026-06-22) news “El Segundo, Calif.–based start-up Valar Atomics”
- At just 27 years old, this entrepreneur is remaking America's energy industry (Deseret News, 2026-03-17) news “an El Segundo-based startup”
- Mother Jones (Kiera Butler), 26 Feb 2026 (Mother Jones, 2026-02-26) news “In 2023, Taylor founded Valar Atomics in the Southern California defense tech hub”
- Valar Atomics Inc. Hawthorne, CA - filing information (third-party republication of California Secretary of State data, as of 2026-03-25) (bizprofile.net, 2026-03-25) analysis “Principal City From: Wilmington To: Hawthorne”
- Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation (Marina Temkin) (TechCrunch, 2026-07-17) news “the El Segundo, California, startup”
- Report: Valar Atomics Business Breakdown & Founding Story (Contrary Research, 2025-11-11) analysis “Headquarters El Segundo, CA”
- Photo of the Notice of Location posted at the RW 453 location monument (resident fieldwork, 2026-09) resident fieldwork “20333 Normandie Ave”
Valar's mission page lists Muhammad 'Mo' Shahzad as President; Deseret News (18 Jun 2026) says he serves as Valar's president and CFO and was formerly president and CFO of Relativity Space. Relativity's own June 2020 release announced him as its CFO and listed earlier roles as CFO of The Honest Company, a vice president in Goldman Sachs' technology, media and telecom investment banking, a startup of his own, and early posts at Accenture and Deutsche Bank. The Los Angeles Business Journal (Oct 2024) called him Relativity's 'Chief Financial Officer and President', crediting him with over $1.3 billion raised. What became of Relativity: TechCrunch (10 Mar 2025) reported that former Google CEO Eric Schmidt had made a significant investment, taken a controlling stake and become CEO, and that the company had reportedly faced cash shortages in 2024 and struggled to raise more money (citing Bloomberg). When he joined Valar is not established from any source read: the only dated report found is a TBPN post on X that could not be read (sources_not_read), and no Valar release on his hiring was found; Deseret News named him among Valar's hires by 17 March 2026. He is a finance and business executive, not a nuclear engineer; the public safety documents give nuclear authority to the COO/Chief Nuclear Officer (ppl-003). Nothing in the record ties him to nuclear safety decisions. The quality program names the 'Valar Atomics President' as one of its two approvers (QAPD p.24, safe-018), but it was approved in October 2025 and when he took the post is not on record; the program's own organization section defines no President role.
- Mission | Valar Atomics (Valar Atomics) primary company “Muhammad "Mo" Shahzad President”
- Valar Atomics' nuclear reactor reaches criticality in Utah (Eva Terry) (Deseret News, 2026-06-18) news “Shahzad serves as Valar’s president and CFO.”
- Relativity Space Appoints Muhammad Shahzad as Chief Financial Officer (Relativity Space, 2020-06-24) primary company
- CFO Awards 2024: Private Company CFO of the Year (Enterprise) (Los Angeles Business Journal, 2024-10-03) news “Chief Financial Officer and President”
- Eric Schmidt joins Relativity Space as CEO (Maxwell Zeff) (TechCrunch, 2025-03-10) news “faced cash shortages in 2024 and struggled to raise additional funding”
- Ward250 San Rafael Facility Quality Assurance Program Description, No. 100474, Rev 02 (status: Approved) (Valar Atomics (Public Documents), 2025-10) primary company “becomes effective upon approval by the VASR Facility Director and Valar Atomics President”
Deseret News (17 Mar 2026, and again 18 Jun 2026) reports that Willem Kriel came out of retirement to help lead Valar's engineering team, and names him with Mark Mitchell and Muhammad Shahzad as experienced hires; it gives no earlier employer. A Willem Kriel co-authored 'PBMR Project - Pebble Fuel Advantages', a paper on South Africa's Pebble Bed Modular Reactor fuel given at a 2006 nuclear conference in Seoul and indexed by DOE's OSTI database; the record lists two affiliations, PBMR Ltd. (Gauteng, South Africa) and Westinghouse Electric Company (Windsor, US), and its marker places Kriel with the second group (Westinghouse), not with PBMR Ltd. The name and field match the Deseret account, but no source read states that the Valar engineer is that author, and his other papers found under that name could not be read (sources_not_read). Valar's own pages and public documents do not name him, and his title at Valar is not public. When he joined is not stated. For what became of PBMR, see ppl-015.
- At just 27 years old, this entrepreneur is remaking America's energy industry (Eva Terry) (Deseret News, 2026-03-17) news “came out of retirement”
- PBMR Project - Pebble Fuel Advantages (21st KAIF/KNS Annual Conference, Seoul) (U.S. DOE Office of Scientific and Technical Information (ETDEWEB), 2006-04-15) primary government