Nuclear Energy Sector's Key Problem Solved with Gas Turbine Design
The funding will support large-scale test rigs and hiring as the company develops a compact turbine for industrial power use.
10 Articles
10 Articles
Nuclear energy sector's key problem solved with gas turbine design
A British startup is working to solve the challenges of cost and scale for the nuclear energy industry by using highly efficient high-temperature turbines used by gas-fired power plants and jet engines. Emerging from stealth, Nuclear Turbines promises to leverage British expertise in engineering and design to build smaller, affordable nuclear energy reactors. As countries grapple with demands for energy and increasing instances of extreme weath…
Nuclear Turbines raises £15M for compact reactors it says could undercut fossil fuels
Nuclear power usually arrives with a very large price tag and a very long wait. Nuclear Turbines, a Manchester startup spun out of BAE Systems, has raised £15M to argue that it need not be either, at a moment when nuclear power startups across Europe are pulling in record amounts of private capital. The foundational round was […] This story continues at The Next Web
Nuclear Turbines Raises $20 Million to Bring Down Cost of Nuclear Energy Using Gas Turbine Technology
Advanced nuclear technology startup Nuclear Turbines announced that it has raised £15 million (USD$20 million) in a new funding, with proceeds to be used to scale its solution, based on gas turbine technology, to address nuclear energy’s cost and scale challenges. Founded in 2023 by Jeremy Owston and nuclear engineer Professor Tim Abram and spun out of BEA Systems, Manchester-based Nuclear Turbines develops compact, cost-effective, advanced nucl…
A steam power plant that works like it did in 1956: Jeremy Owston spent years designing it inside BAE Systems submarines, and at a certain point he grew tired of heating water to turn eighty-year-old turbines. The compact nuclear power plant he envisions uses jet turbines instead of steam, fits inside a warehouse, and (he says) costs a fifth of a traditional power plant. With Tim Abram, professor of nuclear engineering at Manchester University, …
Manchester’s Nuclear Turbines raises €17.5 million to develop compact, cost-effective nuclear power systems
Nuclear Turbines, a Manchester-based startup developing compact, cost-effective, advanced nuclear power systems, has raised a €17.5 million (£15 million) foundational round led by IQ Capital, joined by Rhapsody Venture Partners, Zero Carbon Capital and Empirical Ventures. The company plans to use this capital to advance and validate the reactor design, build large-scale test rigs, and expand the team as the company prepares to manufacture its fi…
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