Newcleo Secures €75 Million Funding to Advance Nuclear Technology

Italian nuclear startup Newcleo has successfully raised €75 million (approximately $88.60 million) in a recent funding round, with contributions from new investors including the Italian iron and steel group Danieli and cement manufacturer Cementir Holding. This latest funding brings Newcleo's total capital raised over the past 12 months to more than €105 million, and the total funding since its establishment in 2021 to €645 million.

Nuclear startup newcleo raises $89 million from Italian investors

Stefano Buono, founder and CEO of Newcleo, stated that the new funding will enhance the company's research and development infrastructure in Europe and accelerate its expansion into the United States. Buono emphasized the importance of U.S. policies that support the nuclear sector, particularly referencing an executive order signed by former President Donald Trump aimed at boosting domestic nuclear production through regulatory reductions and expedited licensing processes.

Nuclear startup newcleo raises $89 million from Italian investors

Newcleo specializes in developing advanced modular reactors that utilize reprocessed nuclear waste, a technology designed to reduce costs and mitigate risks associated with nuclear waste management. The company is also working on a non-nuclear reactor mockup named Precursor, which is expected to be completed by the end of 2026 at the Brasimone Research Centre in Italy. Precursor is rated at 10 MW thermal with a power conversion of approximately 3 MW.

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 MillionNuclear startup newcleo raises $89 million from Italian investors

The company’s long-term strategy focuses on the development and deployment of advanced reactor technologies, particularly its lead-cooled fast reactor (LFR) technology. This Generation IV reactor aims to operate with recycled nuclear fuel, promising enhanced sustainability and reduced waste in nuclear energy production.

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 MillionNuclear startup newcleo raises $89 million from Italian investors

The recent funding round included support from existing shareholders such as venture capital firms Kairos and Indaco Ventures, asset manager Azimut Investments, the CERN pension fund, and heavy industrial components manufacturer Walter Tosto. Additionally, technology company NextChem has joined as a shareholder following the establishment of a joint venture aimed at developing engineering services and technologies for the modular reactor market.

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 Million

While Newcleo's advancements in nuclear technology are notable, the nuclear industry often faces scrutiny regarding safety, environmental concerns, and public acceptance. Critics argue that the risks associated with nuclear energy, including waste disposal and potential accidents, must be thoroughly addressed before further investments are made.

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 Million

• “This funding will support the strengthening of our research and development infrastructure in Europe and accelerate our expansion in the United States,” — Stefano Buono, CEO of Newcleo

Nuclear startup newcleo raises $89 million from Italian investors

• “The US is also home to key institutional, strategically aligned investors and market opportunities that we are eager to explore.” — Stefano Buono, CEO of Newcleo

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 Million

Newcleo's recent funding round marks a significant step in the company's efforts to innovate within the nuclear sector. With a focus on advanced reactor technologies and a strategic expansion into the U.S. market, Newcleo aims to position itself as a leader in sustainable nuclear energy solutions.

European Nuclear Company Newcleo Closes Latest Funding Round Of $85 Million