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Nuclear Turbines, a spinout from BAE Systems, has secured £15M in a funding round led by IQ Capital. The funds will be used for design purposes and to build large-scale test rigs.
Amount Raised
£15 Million
Round Type
Venture - Series Unknown
ManchesterManufacturingEnergyRenewable EnergyInvestors
Description
Nuclear Turbines has emerged from stealth with a £15M funding round aimed at developing compact modular nuclear systems. Led by IQ Capital, the funding will support design efforts, building large-scale test rigs, and expanding the team. The startup's technology seeks to make clean nuclear power cheaper than fossil fuels. Other investors in the round include Rhapsody Venture Partners, Zero Carbon Capital, and Empirical Ventures.
Funding Insights
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