a year ago

Newcleo Aims to Raise €1 Billion for Nuclear Energy Development

  • Newcleo, a UK-based nuclear energy startup developing small modular reactors (SMRs) fueled with radioactive waste, is seeking to raise €1 billion in equity this year

  • The company plans to build a fuel processing plant and a demonstrator reactor in France by 2030, with the goal of launching its first commercial reactor after 2033

  • To achieve its ambitions, Newcleo will need to secure billions of euros in funding and convince governments to provide access to nuclear waste

  • The company's lead-cooled SMRs are designed to be safer and more efficient than traditional water-cooled reactors.

      • ProblemEnergy

      "Nuclear power plants are expensive and slow to build, and they produce a lot of radioactive waste. They are also potentially dangerous, as seen in Chernobyl and Fukushima. "

      Solution

      "Newcleo is developing small modular reactors (SMRs) that are cheaper and faster to build than traditional reactors, and they can use nuclear waste as fuel. They are also safer because they use lead to cool the core, which has a much higher boiling point than water."

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