NPV Fellows

What this is

Neutron Power Ventures invests in nuclear power companies. Evaluating them requires expertise no single investor has: fuel cycle, materials, thermal hydraulics, licensing, grid integration, and more.

NPV Fellows is a small cohort of students, postdocs, and researchers who bring that expertise. When we're evaluating a company, we send the materials to the fellows whose specialties fit and ask one question: what would you want to know before you wrote the check?

What you'll do

Review live deals in your specialty and write a one-page technical memo. Usually a few fellows look at the same company from different angles, and we compare notes.
Join a monthly cohort call: one deal debrief, one guest from the industry.
Occasionally help a portfolio company with a specific technical question.
About 10 hours a month on average. Some months are 2, some are 20. It follows deal flow.

What you'll get

Cash stipend.
A real look at how early-stage nuclear investing works, including the parts that don't make it into press releases.
A portfolio of diligence memos you can point to.
The NPV network: founders, advisors, LPs, and the other fellows.
The title. Put it on your CV.

Who should apply

You're a student, postdoc, or researcher. You have a specialty that matters for evaluating nuclear companies. You have opinions, and you can defend them. You find at least one of the questions below fun.

You don't need venture experience. You do need to be able to read a technical claim and tell us whether it holds up.

How it works

Apply below. Budget a couple of hours; we read every application. We review over the holidays and will let you know by mid-January 2027 if we'd like to keep talking.

Applications open: October 12, 2026
Applications close: December 15, 2026
You hear back: mid-January 2027

Questions

Can I apply if I'm outside the US?

Yes. Some deal materials are restricted by export-control rules, so access may vary by deal. We'll be clear about that with finalists.

I work at a national lab / reactor company / utility. Can I apply?

Probably, but tell us. The conflicts section exists for exactly this.

Will this conflict with my program?

Check your institution's outside-activity policy. Most permit this; some require disclosure.

Can I do this while starting a company?

Yes, and we'd like to hear about it.

Want to write your answers somewhere else first? Download the questions (plain text). Paste them back in when you're ready. Your draft also saves in this browser as you type.

Section A The basics

A1Full name

A2Email

A3Institution

A4Program / degree

A5Department / field

A6Advisor / PI (optional)

A7Expected graduation or current stage

A8Home base

A9LinkedIn, personal site, or Google Scholar (optional)

One link is enough.

A10Link to your CV (optional)

Google Drive, Dropbox, or your site. Optional.

Section C Opinions

C1Something everyone in your field agrees on that you think is wrong.

A strongly held, non-consensus view. Why do you hold it, and what would change your mind?

0 / 200 words

C2Now the reverse: something your field has already dismissed, written off, or stopped funding that you think deserves another look.

Not a contrarian take on a live debate. A dead idea you'd revive.

0 / 200 words

C3Name a nuclear company you find interesting and tell us why.

Any stage, any country. We care less about the company than about how you think about it.

0 / 150 words

C4What do you want out of a year as an NPV Fellow?

0 / 100 words

Section D Pick at least one

Answer at least one of these five. More is welcome. Up to 150 words each.

D1If you could resurrect one cancelled reactor program, which one and why?

D2Pick a side: SMRs or large gigawatt builds. Defend it. You don't get to say "both."

D3What's the dumbest thing you've seen claimed with a straight face in nuclear? No need to name names.

D4What's the last rabbit hole you went down that had nothing to do with your research?

D5Tell us about something you built with your hands.

Section E Conflicts and confidentiality

You'll see confidential materials from companies that are trusting us with them. We take that seriously and need to know where you sit.

E1Current employer(s) and any paid or unpaid affiliations with a national lab, reactor developer, fuel company, utility, regulator, or investor.

"None" is a fine answer.

0 / 100 words

E2Do you hold equity, an advisory role, or a founding role in any nuclear or energy company? If yes, which.

0 / 100 words

E3Are you currently bound by any agreement that would prevent you from reviewing third-party confidential materials?

Yes No Not sure

E4I understand that if selected I'll sign a confidentiality agreement before receiving any deal materials, and that I'll recuse myself from any deal where I have a conflict.

Section F Last things

F1How did you hear about NPV Fellows? (optional)

F2Anything else? (optional)

0 / 100 words

We use what you submit only to evaluate your application. We keep applications for 12 months after the window closes, then delete them.

What this is

What you'll do

What you'll get

Who should apply

How it works

Questions

The application