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Clean Core Thorium Energy Raises $15.5M in Series Seed to Advance ANEEL Fuel

Feb 06, 2025•over 1 year ago

Contract Type

partnership

ChicagoEnergy

Description

Clean Core Thorium Energy (CCTE) has raised a $15.5M Series Seed round of financing to advance the ANEEL fuel, a patented blend of thorium & HALEU designed to be seamlessly deployed into existing reactors. The capital will be used towards solidifying the company’s technical partnerships, such as the irradiation test at Idaho National Laboratory (INL), the further validation work at Canadian Nuclear Laboratories (CNL), and a planned Demonstration Irradiation.

Company Information

Company

Clean Core Thorium Energy

Location

Chicago, Illinois, United States

About

At Clean Core, we recognize the need for an immediate nuclear innovation to solve the climate and human development challenges of today. We are achieving this mission through the development of advanced nuclear fuel for existing reactors. Our ANEEL fuel uses a proprietary combination of Thorium & enriched uranium to make operating reactors cheaper, cleaner, and safer.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months