Advanced Reactors / Companies Form Joint Venture In Bid To Speed Up Development

newcleo and Naarea both developing Generation IV technologies

Companies Form Joint Venture In Bid To Speed Up Development
Stefano Buono, founder of UK-based advanced reactor company newcleo.

UK-based Generation IV nuclear reactor developer newcleo has announced a joint venture with French startup Naarea to support the development and deployment of the two companies’ advanced reactors.

newcleo and Naarea said they are joining forces to accelerate the development of their technologies. newcleo is developing a 30-MW to 200-MW lead-cooled fast neutron mini-reactor and Naarea a molten salt fast neutron micro-generator of 40MW.

The reactors are different technologies, but both make it possible to use spent fuel from conventional reactors, ensuring closure of the fuel cycle. Both newcleo and Naarea plan to bring their reactors to market by 2030.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet