US startup Project Omega has raised $80m (€71m) in Series A funding led by venture capital firm B Capital as it bids to deploy technology to recycle used nuclear fuel in the US.
The company said in a statement the financing will accelerate its work to close the US’ nuclear fuel cycle and transform it into a source for long duration power systems, fuel for nuclear reactors and isotopes for commercial, scientific and medical use.
The funding will build a recycling facility and scale Project Omega’s X Series power systems for military and remote use.
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