Sweden-based advanced reactor developer Blykalla announced it has doubled the capital raised in an early-stage investment round to €14m ($15.4m) as it seeks to industrialise its Sealer (Swedish Advanced Lead Reactor) lead-cooled reactor design.
The company said in April 2024 that it had raised about €7m in a so-called Series A funding round in which a startup raises capital from venture capital firms and other investors to grow its business.
Blykalla is focused on two projects – the construction of an electric non-nuclear prototype test reactor near the Oskarshamn nuclear power station in southern Sweden and the development of its flagship advanced reactor design demonstrator the Sealer-One.
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