Nuclear Turbines, a Manchester-based nuclear energy startup founded in 2024, has emerged from stealth with £15 million in funding.
The round was led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon, and Empirical Ventures, alongside continued support from BAE Systems. The company is developing a compact nuclear power system that combines an advanced modular reactor with a gas turbine for electricity generation.
The raise comes as investors continue to back technologies aimed at expanding low-carbon power capacity and strengthening energy security. Nuclear Turbines is positioning its approach around smaller-scale nuclear generation, with a focus on modularity and economics.
The round was led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon, and Empirical Ventures, alongside continued support from BAE Systems. The company is developing a compact nuclear power system that combines an advanced modular reactor with a gas turbine for electricity generation.
The raise comes as investors continue to back technologies aimed at expanding low-carbon power capacity and strengthening energy security. Nuclear Turbines is positioning its approach around smaller-scale nuclear generation, with a focus on modularity and economics.