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Baseload for the
intelligence age.

Clean, always-on power is becoming the scarcest input in the modern economy. We invest across the nuclear value chain — from life-extended fleets to advanced reactors and the fuel cycle.

Nuclear & Baseload Power
Investment Thesis

Data centres, advanced manufacturing and electrified cities need power that is available every hour of every day. Nuclear energy is the only proven source of firm, carbon-free electricity at scale.

A policy consensus has formed across major economies in favour of extending existing fleets and building new capacity. Yet the industry's capital needs — in fuel, supply chain, workforce and new build — remain profoundly under-served by traditional sources of finance.

Focus Areas

Where we invest.

01

Fleet life extension & uprates

Capital for operating reactors to extend licences and increase output.

02

Small modular & advanced reactors

Disciplined exposure to designs with credible licensing pathways and committed customers.

03

Fuel cycle

Conversion, enrichment and fabrication capacity critical to secure supply chains.

04

Supply chain & services

Specialised component manufacturers, engineering and workforce platforms.

Our Approach

How we create
value.

01

Offtake-first underwriting

We prioritise projects with long-term power purchase agreements from creditworthy, energy-intensive buyers.

02

Staged risk

Capital is committed in tranches as technical, regulatory and construction milestones are met.

03

Safety & stewardship

Rigorous regulatory engagement, community partnership and independent safety oversight are non-negotiable.

Investment Criteria

What we look for.

Founders, developers and sponsors with opportunities that fit our criteria are invited to contact our origination team.

Submit an Opportunity
  • Operating assets, supply chain and late-stage development
  • Jurisdictions with mature regulators
  • Co-investment alongside utilities and strategics
  • Very long-duration hold horizons
Partner with Blacksaila

Let’s build what
endures.

Partner with us as an investor, a founder, or a member of our team.