Nuclear Turbines Raises £15 Million to Advance Compact Nuclear Energy Systems

Nuclear Turbines Secures £15 Million in Funding

Manchester-based energy startup Nuclear Turbines has raised £15 million in funding to accelerate the development of its compact nuclear power technology.

The round was led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon Capital, and Empirical Ventures.

Founded by CEO Jeremy Owston and Professor Tim Abram, Nuclear Turbines is developing compact nuclear power systems designed to deliver clean and cost-effective energy for industrial applications.

Developing High-Temperature Nuclear Power Systems

Nuclear Turbines is building compact nuclear reactors that improve conventional steam infrastructure through high-temperature turbine technology.

The company's platform features a graphite-free reactor design capable of operating at extreme temperatures, enabling efficient energy generation for industries with high power demands.

Its technology is intended for applications including industrial sites, data centers, and manufacturing facilities, where reliable low-carbon energy is increasingly important.

Accelerating Reactor Development

The newly raised funding will be used to advance and validate the company's reactor design, build large-scale testing infrastructure, expand its engineering team, and prepare for the manufacture of its first fuel elements.

The investment supports Nuclear Turbines' efforts to bring its compact nuclear energy technology closer to commercial deployment.