Thorizon, a deep-tech startup from Amsterdam, has successfully secured €20M in funding aimed at advancing its molten salt reactor technology. This amount includes €16M from a Series A round led by Invest-NL and backed by European Commission guarantees, along with a €4M grant from Noord-Brabant. The funds will help develop Thorizon One's cartridge fuel system, enabling safe recycling of nuclear waste for power generation. The CEO emphasized the reactor's advantages in safety, cost, and reduced long-term waste. With plans to complete design and licensing, construction of the reactor is targeted for 2030.
"The cartridge-based molten salt reactor reduces long-lived nuclear waste, is inherently safe, and can be built at competitive costs due to its intrinsic safety and modular design."
"In traditional nuclear plants, uranium fuel rods serve as fuel, while water acts as the coolant. In our reactor, molten salt performs both functions: a nuclear-infused salt mixture serves as both the fuel and the coolant."
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