Newcleo2023-06-27T16:26:27+02:00
Category: Energy

www.newcleo.com
info@newcleo.com

Via Galliano, 27
10129 Torino, Italy
2 Portman Street, W1J 6DU
London, England

NEWCLEO

newcleo is the clean and safe nuclear technology company.

Privately funded and headquartered in London, UK, newcleo was launched in 2021 to be a disruptor in the field of nuclear energy. Its mission is to generate safe, clean and inexhaustible energy for the world, through a radically innovative combination of existing, accessible technologies.

newcleo is building the next generation system with the goals to:

  1. eliminate the need for geological repositories by using a fast neutron flux avoiding production of long life radioactive elements;
  2. develop an Accelerator Driven System (ADS), based on the intrinsically safe coupling of a particle accelerator and a sub-critical reactor;
  3. accelerate the development of new fuel cycles, including thorium, that provide economic, clean, safe and inexhaustible energy from nuclei and the opportunity to burn the long-lived nuclear waste produced by the old generation of nuclear reactors.

Round

1° LIFTT Investment

Date: 22/07/2021
Development phase: Seed
LIFTT funding: 1 M€

2° LIFTT Investment

Date: 29/04/2022
Development phase: Seed
LIFTT funding: 3 M€

LIFTT Project Manager
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