Nuclear Turbines raises $20M financing round led by IQ Capital
Type: Financing · Technology: Nuclear · Country: United Kingdom · Value: $20M · Announced: 2026-07-28
Nuclear Turbines secured £15 million ($20 million) in a financing round led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon Capital, and Empirical Ventures. The Manchester‑based startup will use the capital to advance its compact advanced nuclear reactor that integrates high‑temperature gas turbine technology and to build large‑scale test rigs. The funding also supports the production of its first fuel elements and the expansion of its engineering team. By eliminating steam infrastructure, the technology targets industrial sites, manufacturing facilities and data centers, offering a resilient, low‑carbon power source. The round, announced on 28 July 2026, reflects growing investor interest in small modular reactors as the UK seeks to accelerate its nuclear capacity and meet climate goals. No advisors or legal counsel were disclosed in the announcement.
Counterparties
- Nuclear Turbines (Borrower)
- IQ Capital (Investor)
- Empirical Ventures (Investor)
- Rhapsody Venture Partners (Investor)
- Zero Carbon Capital (Investor)
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