The round included continued support from existing shareholders such as venture capital firms Kairos and Indaco Ventures, asset manager Azimut Investments (Azimut Group), the CERN pension fund and heavy industrial components manufacturer Walter Tosto, alongside new industrial investors including steel mill manufacturer Danieli & C. (Euronext Milan: DAN), cement and concrete manufacturer Cementir Holding NV (Euronext STAR Milan: CEM), and valves manufacturer Orion Valves (through its investment vehicle Ecoline), as well as investment vehicles backed by industrial families active in the oil, hydrogen and plastics sectors. Technology company NextChem (part of engineering group MARIE, Euronext Milan: MAIRE) has also become a newcleo shareholder following the establishment of NEXT-N, a JV focused on the development of high value engineering services and technologies for the conventional island and balance of plant for the global SMR market.
"Our ability to deliver impactful low-carbon energy solutions for energy-intensive firms is proving an attractive investment rationale for both industrial and financial investors," said newcleo CEO Stefano Buono, "Our tangible progress in licensing, R&D, vertical integration and geographic expansion is seen by investors as a key differentiator in the race to deliver clean, safe and affordable nuclear energy. This financing will support the continued deployment of our R&D infrastructure in Europe, including the construction of PRECURSOR, ...
