Major milestone for Thorizon One
Thorizon's technology uses long-lived nuclear waste as fuel, providing a safe, efficient and carbon-free energy solution. With its modular design and advanced cartridge system, Thorizon One takes an important step towards a circular nuclear economy.
The capital raised will be used to further develop the Thorizon One's innovative cartridge system, finalise the basic design and prepare licensing procedures. In addition, Thorizon is working on prototypes of crucial components, with the aim of realising the first reactor in Europe by 2030.
Opportunities for nuclear innovation
“Thanks to the support of our investors and the relevant governments, we are excellently positioned to develop Thorizon One,” says Kiki Lauwers, CEO of Thorizon. “There is a huge opportunity to accelerate nuclear innovation in Europe to strengthen our energy security. At the same time, we can reduce carbon emissions and long-lived nuclear waste. In addition to our current shareholders, there is room for new strategic partners and investors to work together to realise the first molten salt reactor in Europe.”
Additional support for development
In addition to these investments, Thorizon received a €4 million grant from the province of North Brabant, in collaboration with VDL Groep and Demcon. This builds on an earlier €10 million grant from the French France 2030 programme, which supports innovative nuclear technology.
Thorizon has now established a wide network of industrial and strategic partners, including Orano, Tractebel, Demcon and VDL Group. It is also exploring future operating options with EPZ and working closely with French EDF and European nuclear regulators on technology development and regulation.
With this new funding, Thorizon is taking a big step towards a sustainable and secure energy supply in Europe.
