AMPERA

Why it fits

Ampera sits across energy and manufacturing. It plans to apply by October 2027 for a combined NRC license covering a Florida facility that would build and fuel reactor modules. No source reports a fueled test.

Stage and round

Super Micro's 10-K says it invested $6.0 million in June 2025 for an approximately 11% interest and holds one of three board seats. The only Form D (27 February 2026) reports $20,000,000 of equity sold to 4 investors, first sale 31 December 2025, and names none. Scorpio Tankers announced a $10 million investment on 2 April 2026. Filings do not say whether that is inside the Form D total.

Ask on the first call

1. 01What neutron source strength does a 30 MWt subcritical core need, what do Adelphi's generators deliver, and how much of the 15 MWe output does the driver consume?
2. 02Who are the 4 investors in the $20,000,000 Form D sale, is Scorpio's $10 million inside that total, and what are Super Micro's current stake and board rights?
3. 03What are the ADDiTEC master services agreement terms, which entity owns the patents and printers, and how does Brian Matthews split his time between the two companies?
4. 04What is the uranium component of the fuel (enrichment, quantity, supplier), and what irradiation data will support fuel qualification before the October 2027 application?

Risks

• –No source reports a fueled test. POWER (April 2026) reported a fueled prototype targeted for the end of 2027. Every topical report in the NRC plan has a TBD submittal date.
• –The licensing schedule is later than some commercial claims. The NRC plan puts licensed activity in 2029 and beyond, while POWER reported first commercial deliveries projected for 2028 to 2029.
• –The NRC plan says core and fuel additive manufacturing R&D is contracted to ADDiTEC, whose CEO is Matthews (company website). No source opened says which entity owns the key IP.

Could not confirm

• ?Search snippets cite about $20 million raised (attributed to PitchBook), $30 million and $295 million. None is confirmed, and $295 million conflicts with the filings.
• ?Super Micro's 10-K reports $5.0 million invested in fiscal 2026 in a battery storage company matching its earlier description of Ampera. The notes opened do not name it.
• ?POWER reported (April 2026) that Ampera was exploring fueled reactor testing with Idaho National Laboratory and had applied unsuccessfully to the Army's Project Janus. Neither is confirmed elsewhere.