Nuclear energy company Newcleo has secured €135 million in new investments, bringing its total to over €535 million. The latest funding includes contributions from Italian pension fund Inarcassa, increasing the company’s shareholders to more than 700. As Newcleo relocates its headquarters from London to Paris, it aims to attract more European investors and reopen its capital raise process in France later this year.
Newcleo is currently constructing a manufacturing plant for reprocessed nuclear waste and a prototype reactor in France, expected to be completed by 2030 and 2031. The company specializes in small modular reactors (SMRs) powered by reprocessed nuclear waste, which experts say could lower the financial risks of nuclear projects. CEO Stefano Buono highlighted the relocation as key to securing new projects and funding across Europe.
The company also plans to invest €135m in Italy by 2027, including a €50m materials R&D centre in partnership with the Italian Institute of Technology. Additionally, Newcleo is exploring collaboration with Ansaldo Nucleare and Enel to develop small reactors in Italy. The company operates across 19 European locations, with 850 employees supporting its nuclear developments.