newcleo achieved a milestone in transporting big heavy things across Europe
Published
Signal category
Presence & Recognition
Quote
“milestone at newcleo”
— Travis Chapman|newcleo team
Company
newcleo
Developing Lead Fast SMRs to provide the world with a safe, stable power source and reduce volumes of radioactive waste
- Industry
- Nuclear Electric Power Generation
- Location
- Paris, FR
- Company size
- 606 employees
Since launching in 2021 newcleo has quickly established itself as innovator in the field of nuclear energy. newcleo is working to design, build, and operate Gen-IV Advanced Modular Reactors (AMRs) that are cooled by liquid lead and fuelled by reprocessed nuclear waste. Through an innovative combination of existing and proven technologies, and by reviving a nuclear industry model based on the manufacture and multi-recycling of Mixed Oxide fuel, newcleo aims to close the nuclear fuel cycle while safely producing clean, affordable, and practically inexhaustible energy required for low carbon economies. With a EUR 70m group turnover in 2024, EUR 645m of private funding and over 100 partnerships and collaborations across the nuclear industry, the growth of the newcleo group is supported through the targeted acquisition of key companies with strong capabilities in nuclear engineering, manufacturing, and waste management. Through its workforce of over 900 highly qualified employees across France, the U.S., the UK, Italy, Switzerland and Slovakia, newcleo is not only developing and delivering the skills and services required for the group’s own ambitious project timelines, but also supporting the development of Small Modular Reactor supply chains in Europe and beyond.
Founded 2021