Nuclear energy startup Newcleo has announced it will wind down its UK reactor development and deployment activities to focus on “more substantially supportive” countries such as the US and France.
The Paris, France-headquartered company said the decision could affect around 150 of its UK staff.
Newcleo is developing Generation IV lead-cooled fast reactors (LFRs) designed to operate with recycled nuclear fuel, offering the promise of greater sustainability and reduced waste in nuclear energy production.