![[elysium-industries-logo.png|300]] Website: [elysiumindustries.com](https://elysiumindustries.com) ### Introduction Elysium Industries is a nuclear energy company focused on developing advanced nuclear reactor technology to provide clean, safe, and cost-effective energy solutions. Founded in 2015, the company is headquartered in Clifton Park, New York, though specific details about the founders are not widely publicized in recent sources. Employee count information is not readily available, reflecting the private nature of the company and limited public disclosures. Elysium Industries operates as a private entity with no publicly traded stock or ticker symbol. The mission of Elysium Industries centers on unlocking abundant, clean energy through innovative nuclear fission technology, specifically targeting the challenges of nuclear waste and cost in the industry. Their vision, as articulated on platforms like [Climatebase](https://climatebase.org/company/4480/elysium-industries), is to support a globalized and digitalized world with sustainable baseload power. The company aims to address historical barriers in nuclear energy adoption by leveraging advanced reactor designs that prioritize safety, efficiency, and waste reduction. ### Key Products and Technology - **Molten Chloride Salt Fast Reactor (MCSFR)** - **Type**: Advanced nuclear fission reactor using molten chloride salt as coolant and fuel carrier. - **Technical Specifications**: Specific power output (MW/MWe) and efficiency metrics are not publicly detailed in recent sources. However, molten salt reactors generally target high thermal efficiency due to their high operating temperatures. - **Fuel Type**: Capable of using spent nuclear fuel from light-water reactors (LWRs) and heavy-water reactors (HWRs), as well as weapons-grade waste, transforming these into useful energy. This is highlighted in a presentation by [Thorium Energy Alliance](https://thoriumenergyalliance.com/wp-content/uploads/2020/02/Elysium-MCSFR-TEAC10-Update.pdf). - **Key Differentiators**: The MCSFR design is based on technology demonstrated in the 1960s, adapted for commercial use with passive safety features and simplified engineering systems. It avoids aqueous processing, reducing criticality concerns and proliferation risks by keeping uranium, plutonium, and fission products together during fuel handling. - **Development Stage**: Currently in the conceptual and design phase, with no public evidence of active construction or operational reactors. The company is focusing on optimizing noble gas management and chemical processes for fuel salt production, as noted in projects with [GAIN (Gateway for Accelerated Innovation in Nuclear)](https://gain.inl.gov/tag/elysium-industries/). - **Target Customers**: Utilities seeking baseload power, industrial sectors needing process heat, and potentially government entities interested in waste-to-energy solutions. ### Regulatory and Licensing Status Elysium Industries’ regulatory status with the U.S. Nuclear Regulatory Commission (NRC) appears to be in the early stages. There is no public record of a formal application for design certification or a combined operating license (COL) as of the latest available data. The company is likely still in the pre-application phase, focusing on technology development and preliminary research, such as noble gas separation for the MCSFR, supported by collaborations with entities like GAIN ([GAIN](https://gain.inl.gov/tag/elysium-industries/)). No specific regulatory milestones have been publicly announced in recent years, and an estimated timeline to first commercial deployment remains unclear, potentially spanning a decade or more given the typical lengthy process for advanced reactor licensing. The lack of updated regulatory filings or announcements on platforms like [NRC.gov](https://www.nrc.gov) suggests that Elysium is still refining its design for eventual submission. This is consistent with the broader industry trend of advanced nuclear startups facing extended timelines for regulatory approval. ### Team and Leadership Information on Elysium Industries’ leadership team is limited in public sources. Neither the company’s official website nor profiles on platforms like [Crunchbase](https://www.crunchbase.com/organization/elysium-industries) provide detailed bios or current executive listings as of the latest data. Historical records and presentations, such as those from the Thorium Energy Alliance, mention technical contributors but do not name specific founders or current CEOs/CTOs. Social media handles for key personnel are also unavailable or unverified on platforms like X. This opacity may reflect the company’s focus on early-stage R&D over public-facing operations. ### Funding and Financial Position Elysium Industries’ funding history is not comprehensively documented in public sources. According to [PitchBook](https://pitchbook.com/profiles/company/164229-13), the company has engaged in fundraising, but specific amounts, dates, and lead investors for the latest rounds are not disclosed in accessible records. As a private company, detailed financial statements or revenue figures are unavailable, and it appears to be pre-revenue, focusing on technology development rather than commercial contracts at this stage. There are no widely reported institutional investors or strategic backers in recent news, though past collaborations with Department of Energy (DOE) programs like GAIN indicate some level of [[Federal|federal]] support or grant funding ([DOE.gov](https://www.energy.gov/ne/articles/elysium-industries-usa-awardee-tier-ii)). The lack of updated financial data suggests that Elysium may still be seeking significant capital to advance its reactor design to the licensing and construction phases. ### Recent News and Developments | Date | Event | Details | |---------------|---------------------------------|---------------------------------------------------------------------------------------------| | Dec, 2025 | No Recent Updates | No specific news or events reported for Elysium Industries in late 2025. | | Jul, 2025 | Industry Context | Broader nuclear fission startups gain traction with Big Tech backing, though Elysium not mentioned ([TechCrunch](https://techcrunch.com/2025/05/26/here-are-the-nuclear-fission-startups-backed-by-big-tech/)). | | May, 2025 | General Sector Interest | Increased interest in nuclear for AI-driven energy demand; Elysium’s specific role unclear. | | Jan, 2025 | Continued R&D Focus | Ongoing projects on noble gas management for MCSFR noted in historical GAIN collaborations. | | Historical | DOE Award (2018 Context) | Recognized as a Tier II awardee by DOE for nuclear innovation, though specifics outdated ([DOE.gov](https://www.energy.gov/ne/articles/elysium-industries-usa-awardee-tier-ii)). | Note: Due to limited recent news specific to Elysium Industries, the table includes contextual industry developments and historical data. The absence of 2025-specific updates reflects a lack of publicly available announcements or coverage. ### Partnerships and Collaborations - **Gateway for Accelerated Innovation in Nuclear (GAIN)**: Elysium has collaborated with GAIN, a DOE initiative, on projects like advanced functional membrane testing for noble gas management in molten salt reactors. This partnership supports R&D for safety and licensing bases, enhancing the technical credibility of the MCSFR design ([GAIN](https://gain.inl.gov/tag/elysium-industries/)). - No specific utility agreements, offtake contracts, or commercial partnerships have been reported in recent sources. The company appears to be in the early stages of building strategic alliances, focusing on government-backed research rather than market-ready collaborations. ### New Hampshire Relevance Elysium Industries’ technology could have potential relevance for [[New Hampshire]], particularly given the state’s existing nuclear infrastructure and legislative interest in advanced nuclear energy. The proximity to [[Seabrook Station]], a 1,244 MWe pressurized water reactor, and integration with the ISO New England (ISO-NE) grid could make NH an attractive location for piloting advanced reactors like the MCSFR. Elysium’s focus on baseload power aligns with grid reliability needs in the region, especially as demand grows from data centers and industrial applications. However, the company’s technology readiness level (TRL) appears low for near-term NH deployment, as it remains in the design phase with no clear timeline for licensing or construction. New Hampshire’s legislative initiatives, such as HB 710 which explores small modular reactors (SMRs) and advanced nuclear, could theoretically support Elysium’s goals, though the MCSFR is not strictly an SMR. Potential applications in NH include grid power to supplement Seabrook, powering data centers in the Northeast, or providing industrial heat for manufacturing. There are no documented connections or expressed interest from Elysium in NH or the broader Northeast US, limiting immediate relevance. ### Competitive Position Elysium Industries competes in the advanced nuclear fission space with companies like [[TerraPower]], [[[[X-energy]]]], and [[[[NuScale Power]]]], each pursuing distinct reactor designs. [[TerraPower]]’s Natrium reactor, a sodium-cooled fast reactor with energy storage, is further along with a planned demonstration in Wyoming by 2030, backed by significant funding from Bill Gates and DOE. X-energy’s Xe-100, a high-temperature gas reactor using TRISO fuel, has progressed to NRC engagement and secured contracts with utilities like Dow for industrial heat. NuScale Power, already NRC-certified for its SMR design, targets near-term commercial deployment with a focus on scalability. Elysium’s unique advantage lies in its MCSFR’s ability to consume spent nuclear fuel and weapons waste, addressing a critical industry challenge of waste management. However, its early development stage and lack of regulatory progress pose significant risks compared to competitors with more advanced timelines and funding. The opacity around financials and partnerships further limits its competitive visibility. ### Closing Note Elysium Industries remains in the early stages of developing its Molten Chloride Salt Fast Reactor, with a promising but unproven trajectory focused on clean energy and nuclear waste solutions, though significant regulatory and financial hurdles lie ahead. **Word Count**: Approximately 1,200 **RSS_FEED**: none Note: Despite extensive searches across official websites, news articles, regulatory filings, and social media platforms like X and LinkedIn, specific and recent information on Elysium Industries is limited. Much of the data is historical or contextual, and the company’s low public profile may indicate a focus on R&D over public engagement. *Report generated December 24, 2025*