Newcleo Ltd

Paris, France
Active
LFR

Company overview

Founded
2021
Total funding
$780 million
Technology
LFR — Lead-cooled Fast Reactor

About

Newcleo is developing advanced modular lead-cooled fast reactors utilizing MOX fuel made from reprocessed nuclear waste. The company operates in 7 countries with over 900 employees, 31 patent families, and generated approximately 80 million dollars in revenue in 2024. Key projects include JV with JAVYS for up to four LFR-AS-200 reactors in Slovakia, PRECURSOR demonstrator in Italy, and demonstration LFR-AS-30 reactor planned for Chinon, France by 2031. Going public via SPAC merger at 2.4 billion dollar pre-money valuation expected second half 2026.

Key investors

Kairos Partners, Indaco Ventures, Azimut Investments, CERN Pension Fund, Walter Tosto, Danieli, Cementir Holding, Orion Valves, NextChem, Exor Ventures

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