Project Omega, a Washington, D.C.-based developer of advanced nuclear recycling technology, has raised $12 million in seed funding led by Starship Ventures.
The round also saw participation from Mantis Ventures, Buckley Ventures, Decisive Point, and Slow Ventures.
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The company plans to use the funds to develop infrastructure to recycle spent nuclear fuel into high-density energy and essential materials, focusing on long-lasting energy for military systems and advanced nuclear reactors.
Project Omega, a nuclear recycling company, has come out of stealth to announce its goal of rebuilding America’s nuclear fuel cycle and creating a new era of abundant energy for the United States.
Project Omega aims to provide abundant energy and support U.S. technological leadership by using advanced technologies to recycle spent nuclear fuel into long-lasting, high-density power and essential materials for the nuclear industry.
Project Omega is working to rebuild the nuclear fuel cycle by turning unused spent nuclear fuel into valuable resources, creating energy abundance and a strategic advantage for the United States.
Pacific Northwest National Laboratory recently tested Project Omega’s new nuclear power system, creating a working prototype in just a few months. A team led by senior scientist Dr. David Koch has played a key role at PNNL in supporting the U.S. commercial space nuclear sector to meet national goals.
“AI, electrified manufacturing, and new industrial systems are increasing energy demand faster than today’s grid can handle,” said Dr. Stafford Sheehan, CEO and founder of Project Omega. “Nuclear energy is the only source that can keep up, but the U.S. has never built the system needed to use it fully. By recycling nuclear fuel, we can provide decades of power for military systems and fuel advanced reactors. We are now building the infrastructure to make this possible.”
“DOE works to link innovative companies with our national labs to explore new ideas, and support early testing,” said Anthony Pugliese, Chief Commercialization Officer at the U.S. Department of Energy. “When companies like Project Omega need specialized expertise or facilities, we connect them with labs like Pacific Northwest National Laboratory so promising ideas can progress.”
“Long lasting, reliable energy will be essential for bold scientific work across the solar system,” said Koch. “Our partnership with Project Omega tackles important national challenges. We aim to show how spent nuclear fuel can power advanced nuclear systems, inspiring the next generation of scientists, and turning spent fuel from waste into a valuable national resource.”
“Every big technological advance has followed a big leap in energy,” said Sean Hoge, Founder of Starship Ventures. “Many great ideas never got off the ground because power wasn’t available. Project Omega is turning spent nuclear fuel into abundant, reliable energy to fuel the next wave of innovation, and help humanity thrive beyond Earth.”
“Some see spent nuclear fuel as waste, but we see it as a valuable resource and a key to U.S. energy leadership for the next century,” said Hugo Peterson, Starship’s Chief Operating Officer. “Project Omega has the technology and expertise to make that future a reality.”
For over 50 years, the U.S. has treated spent nuclear fuel as a problem. Today, it is not recycled, leaving valuable isotopes, and energy unused. Project Omega aims to turn this fuel into a strategic national resource. It is partnering with the U.S. Department of Energy’s ARPA E to show a safe, commercially viable way to recycle spent fuel while boosting domestic energy security and economic growth.
About Project Omega
Founded in 2025 by CEO Dr. Stafford Sheehan, Project Omega is developing a safe way to recycle spent nuclear fuel to boost energy security and cut long term waste. The company focuses on providing long-lasting power for national security, and supplying essential materials to support the nuclear industry, helping create a stronger, more resilient energy future.
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