The article discusses Newcleo, a French nuclear startup that aims to build small modular reactors (SMRs) across Europe. Newcleo’s Chief Operating Officer, Stefano Buono, stated that the company plans to go public in 2024 to raise funds for its ambitious plans. SMRs are smaller and more flexible than traditional nuclear reactors, making them easier to construct and potentially safer. Newcleo’s goal is to build a fleet of SMRs across Europe, starting with a first reactor in France by the early 2030s. The company believes SMRs can play a crucial role in Europe’s energy transition and help achieve net-zero emissions targets. However, Newcleo faces challenges, including securing funding, obtaining regulatory approvals, and addressing public concerns about nuclear power. The article highlights the potential of SMRs in addressing energy needs while reducing carbon emissions.
Source: https://www.businessinsider.com/newcleo-coo-nuclear-startup-europe-small-modular-reactor-ipo-2024-12