NuCube Energy, Alaska Fund Partner for Nuclear Power in Alaska

Anchorage, Alaska and Idaho Falls, Idaho, USA. NuCube Energy, Inc. and Alaska Fund have announced the formation of NuAlaska, a joint initiative aimed at deploying advanced nuclear energy solutions across Alaska. This partnership combines NuCube's proprietary NuSun-1 microreactor technology with Alaska Fund's financing capabilities to address critical infrastructure challenges in remote and industrial locations throughout the state.

The NuAlaska initiative focuses on delivering dependable electricity and heat to areas where traditional fuel logistics, harsh weather, and geographic isolation often result in high costs and operational complexity. The collaboration is designed to create a turnkey model for owning and operating nuclear projects, providing a sustainable energy alternative that does not require refueling for up to 25 years.

Key Highlights:

• Development of turnkey micro-modular reactor projects tailored for remote Alaskan communities and industrial sites.
• Deployment of the NuSun-1 reactor, capable of producing heat up to 1,100 degrees Celsius for industrial applications.
• Structured financing model enabling Alaskan investors to participate directly in the state energy future.
• Briefings with state leadership, including Governor Mike Dunleavy, confirm support for this Alaska-led approach to energy innovation.

NuCube Energy previously entered into a business combination agreement with Launch Two Acquisition Corp. (NASDAQ: LPBB), which is expected to facilitate the combined company's public listing following the completion of the transaction.