Newcleo
| Company type | Private |
|---|---|
| Industry | Nuclear power, nuclear fuel |
| Founded | September 2021 |
| Headquarters | Paris, France |
Key people | Stefano Buono (CEO and Chairman), Luciano Cinotti (Chief Scientific Officer), Elisabeth Rizzotti (Chief Operating Officer, Managing Director Italy) |
Number of employees | ~1,000 |
| Website | www |
newcleo is a nuclear energy company founded in September 2021. It focuses on designing, building, and operating Generation IV Small Modular Lead-cooled Fast Reactors (SMRs) using MOX fuel nuclear energy.
newcleo's MOX fuel is made from depleted uranium, a byproduct of the enrichment process, and plutonium recovered from the reprocessing of spent nuclear fuel. This process can help reduce the demand for new uranium mining while contributing to a more effective management of long-lasting nuclear waste.
The project is grounded in decades of international research dedicated to improving nuclear energy technology and aims to address critical issues in the nuclear industry, such as waste management, safety, and cost efficiency. As of the end of 2024, newcleo has raised over €537 million in capital.
Headed by CEO and chairman Stefano Buono, the company is based in France, with further locations in the UK, Italy, Switzerland, Belgium, and Slovakia, employing approximately 1,000 people.