Stefano Buono, founder, CEO and Chairman of Newcleo, says, "Relocating our headquarters to Paris is a strategic milestone that aligns with our goal to be part of Europe’s clean energy transition, enhancing our engagement with European stakeholders and ensuring that we contribute effectively to the EU's clean energy objectives."
According to company statements, "With the closure of the UK tranche of our Series A funding, we have now secured a total of €535M, indicating strong confidence from our investors in the future of clean nuclear technology."
In conversations with relevant stakeholders, it has been emphasized that France offers crucial advantages, particularly access to funding and radioactive waste necessary for our small modular reactors, which were unavailable in the UK.
"Our plan to attract more investments from French and European stakeholders as we reopen our Series A funding round later this year underscores our commitment to strengthening our role in the nuclear energy sector across Europe."
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