Newcleo is an innovative nuclear energy company that was founded in 2021 with the aim of revolutionizing nuclear power through the development of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology. Headquartered initially in London, the company has recently relocated its base to Paris to leverage better funding opportunities and align with European nuclear initiatives. Founded by Stefano Buono and Elisabeth Rizzotti, Newcleo has raised over €411.5 million to date to fund its endeavors in creating a sustainable nuclear power solution to mitigate nuclear waste issues. The company is primarily supported by private investments and focus on creating energy utilizing mixed-oxide (MOX) fuel.
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Paris, France |
| Founders | Stefano Buono, Elisabeth Rizzotti |
| Revenue | €950,000 (as of 2022) |
| Profits | Not publicly disclosed |
| Key Investors | Bpifrance, Inarcassa |
| Industry | Nuclear Energy |
| Number of Employees | Over 800 |
Newcleo was established in 2021 with a vision of leveraging advanced reactor technology to address energy needs sustainably. Initially headquartered in London, the company quickly gained momentum by attracting significant investments from key European stakeholders. Newcleo's founders, namely Stefano Buono, who has a background in nuclear physics, and Elisabeth Rizzotti, have deep-rooted experience in the nuclear industry. The company quickly set its sights on researching and developing a LFR using MOX fuel - a process that uses reprocessed nuclear materials, and began engaging with partners like Orano for feasibility analyses.
Newcleo aims to transform the nuclear sector by developing and deploying advanced SMRs powered by LFR technology. The company’s business model focuses on reducing nuclear waste through innovative reactor designs that utilize MOX fuel. Key achievements include:
Newcleo operates across several European locations including Italy and France, focusing on creating a comprehensive supply chain for its SMR projects. It continues to grow its market presence by securing collaborative projects and funding aimed at commercial-scale reactor deployment by the 2030s. The move to Paris reflects Newcleo’s strategic aim to capitalize on European funding opportunities and to spearhead nuclear innovation in the region. Newcleo’s competitive edge lies in its novel use of MOX fuel, which turns nuclear waste management issues into energy opportunities.
Newcleo stands as a pioneering entity in the nuclear energy sector, focused on transforming waste management practices into sustainable energy solutions through cutting-edge LFR technology. With financial backing from European investors and strategic moves such as relocating to Paris, Newcleo is well-positioned to influence the nuclear sector significantly. As it continues to innovate and expand, Newcleo’s potential to make substantial advances in energy sustainability will likely contribute greatly to European nuclear energy goals and global environmental efforts.