WASHINGTON--(BUSINESS WIRE)--Jan 8, 2025--
The Nuclear Company, which is leading the modernization of nuclear construction to deploy fleet-scale nuclear power across America, today announced the hiring of President and Chief Financial Officer Jason Thompson. He joins from Redwood Materials, an advanced manufacturing technology company creating an electric battery supply chain in America. Thompson, who served as chief financial officer at Redwood Materials, brings a long history of successful fundraising with more than $10 billion in capital raised across private and public markets.
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At Redwood Materials, Thompson led equity capital raises totaling $1.9 billion and also led the company in securing a conditional commitment for a $2 billion loan through the U.S. Department of Energy’s Loan Programs Office. During his tenure, he led Redwood Materials’ commercial team in shaping the product and service portfolio and securing commercial partners, leading to substantial supply, technology and offtake agreements.
“Jason has been a pioneer in building advanced manufacturing and domestic supply chains, creating a more resilient American economy,” said The Nuclear Company Co-founder and CEO Jonathan Webb. “He’ll put that expertise to work here as we modernize America’s nuclear construction and supply chain capabilities, commercializing our fleet-scale deployment approach to nuclear power.”
Prior to his work at Redwood Materials, Thompson served in successive leadership positions at specialty materials company Ashland and oversaw the team that spun off Ashland’s Valvoline unit into a standalone publicly traded company. Thompson then joined Valvoline and led the buildout of a full corporate infrastructure. Serving in roles including vice president of financial planning and analysis as well as treasurer, Thompson helped Valvoline raise more than $2 billion in capital.
The Nuclear Company emerged from stealth mode in 2024 with the mission to address America’s surging energy demand. Despite the need for nuclear’s firm baseload power, the biggest challenge facing the industry, which creates high-paying head-of-household jobs, is that nuclear projects are almost always over budget and behind schedule. The Nuclear Company’s model seeks to avoid these pitfalls by redefining nuclear construction and adopting fleet-scale deployment, which employs a design-once, build-many methodology to lower costs and minimize delays. This approach focuses on streamlining processes, utilizing advanced construction and manufacturing methods, and leveraging cutting-edge digital technologies. These technologies integrate advanced analytics, AI, and IoT to streamline the deployment of nuclear reactors. By utilizing this approach with proven, licensed technology, The Nuclear Company aims to achieve significant cost reductions and shortened project timelines, meeting its commitment to on-time, on-budget deployment of its first fleet of nuclear reactors in the United States.
“The Nuclear Company’s unique fleet-scale approach and commitment to modernizing nuclear construction inspired me to join, as I’ve seen firsthand the need for more firm, baseload energy to power America’s manufacturing resurgence,” Thompson said. “Every tech giant is turning to nuclear to power their AI expansion plans, and The Nuclear Company is working to ensure America has the abundant clean power needed to fortify its place as the world’s top economy.”
Thompson served his country in the U.S. Navy and National Security Agency, earning numerous awards including a Global War on Terrorism Service Medal. He holds a bachelor’s degree in management information systems from Oklahoma State University and an MBA from Indiana University’s Kelley School of Business.
About The Nuclear Company
The Nuclear Company is leading the modernization of nuclear construction to deploy fleet-scale nuclear power across America. By integrating proven, licensed reactor technologies with digital innovation and economies of scale, the company aims to reduce costs and shorten development timelines. Its platform will leverage AI-powered real-time construction monitoring and advanced project management to streamline deployment and ensure on-time, on-budget delivery. The Nuclear Company is committed to delivering safe baseload electricity at the lowest cost, while catalyzing the nuclear industry toward rapid development in America and globally. For more information, visit: www.thenuclearcompany.com.
The Nuclear Company's new President and CFO, Jason Thompson (Photo: Business Wire)
