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:
- eliminate the need for geological repositories by using a fast neutron flux avoiding production of long life radioactive elements;
- develop an Accelerator Driven System (ADS), based on the intrinsically safe coupling of a particle accelerator and a sub-critical reactor;
- 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