Newcleo recently moved its headquarters to Paris to strengthen ties with the French government and support licensing applications. The startup is part of the European Industrial Alliance on SMRs and has raised over $560 million towards its €1 billion funding goal. Despite safety concerns and high costs associated with nuclear energy, Newcleo's circular economy approach and public-private partnerships make it an attractive investment. The company is considering an IPO after achieving key milestones, including a prototype by 2026 and pre-authorization for its first reactor in France by early 2027.
Key takeaways:
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- Newcleo is developing small modular reactors (SMRs) that use molten lead as a coolant and radioactive waste as fuel, aiming to reduce nuclear waste and meet the energy demands of AI data centers.
- The startup has moved its headquarters to Paris to strengthen ties with the French government and support its licensing applications, becoming part of the European Industrial Alliance on SMRs.
- Newcleo has raised over $560 million towards its goal of €1 billion, with plans to develop its first prototype by 2026 and operate its first reactor by 2031.
- The company is considering an IPO after achieving key milestones, including pre-authorization to build its first reactor in France by early 2027, while continuing to explore private equity and venture capital funding.