BAE Systems' energy spinout Nuclear Turbines emerges from stealth with £15M raise
A BAE Systems spinout whose tech could help generate electricity at one-fifth of the cost of today's nuclear power plants has come out of stealth, securing a £15m funding round led by IQ Capital. Manchester-based Nuclear Turbines is an energy startup developing compact nuclear systems. Energy BAE Systems' energy spinout Nuclear Turbines emerges from stealth with £15M raise Manchester-based Nuclear Turbines is an energy startup developing compact nuclear systems.
Key Takeaways
- John Reynolds 2 hours ago Share Share Send email Copy link A BAE Systems spinout whose tech could help generate electricity at one-fifth of the cost of today's nuclear power plants has come out of stealth, securing a £15m funding round led by IQ Capital.
Manchester-based Nuclear Turbines is an energy startup developing compact modular nuclear systems to help make clean nuclear power cheaper than fossil fuels.
- It says its tech is so compact that it can be deployed "behind the meter" on industrial sites, powering infrastructure such as industrial facilities and data centres and manufacturing facilities.
It says its tech is building on advancements by small modular reactors by solving cost and scale challenges.
- It emerges out of stealth as the UK government looks to build a new generation of nuclear plants to meet the future energy needs of a country- where electricity prices are amongst the highest in Europe- and meet net zero targets.
It also says its vision aligns with the 2025 government-commissioned Nuclear Regulatory Review, which called for a "radical reset" for UK nuclear regulation.
- If we're serious about reindustrialising while meeting climate goals, we need energy that's clean and cheap.
- What would you like us to deliver to you?
Stats & Key Facts
- #The startup, founded in 2025, says it will use the funding for design purposes, build large-scale test rigs and expand the team.
Manchester-based Nuclear Turbines is an energy startup developing compact nuclear systems. Energy BAE Systems' energy spinout Nuclear Turbines emerges from stealth with £15M raise Manchester-based Nuclear Turbines is an energy startup developing compact nuclear systems. John Reynolds 2 hours ago Share Share Send email Copy link A BAE Systems spinout whose tech could help generate electricity at one-fifth of the cost of today's nuclear power plants has come out of stealth, securing a £15m funding round led by IQ Capital.
Manchester-based Nuclear Turbines is an energy startup developing compact modular nuclear systems to help make clean nuclear power cheaper than fossil fuels. It is looking to reduce the high cost of generating nuclear power by replacing expensive steam turbine systems with "highly efficient" high-temperature turbine technology normally found in jet engines and gas-fired power plants, combined with a novel nuclear reactor design. It says its tech is so compact that it can be deployed "behind the meter" on industrial sites, powering infrastructure such as industrial facilities and data centres and manufacturing facilities.
It says its tech is building on advancements by small modular reactors by solving cost and scale challenges. Other participants in the £15m funding rounds were Rhapsody Venture Partners, Zero Carbon Capital and Empirical Ventures. The startup, founded in 2025, says it will use the funding for design purposes, build large-scale test rigs and expand the team.
For more details please read the original article at Tech.eu.
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