The Times, August 2021

Stefano Buono, CEO, Luciano Cinotti CTO, and Elisabeth Rizzotti

An Italian physicist and entrepreneur has raised $118 million to develop a new type of nuclear power technology that he claims will be safer, cleaner and cheaper than existing reactors.

Stefano Buono’s new company Newcleo, which is incorporated in London, aims initially to develop small 20MW reactors that could be used to power ships or islands. Within a decade it aims to develop 200MW versions that could supply national power grids.


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