Enel, Newcleo Collaborate on Nuclear Technology Projects
13 March 2023 - 10:36PM
Dow Jones News
By Giulia Petroni
Enel SpA and nuclear technology company Newcleo have signed an
agreement to collaborate on nuclear projects and reduce existing
volumes of radioactive waste to be used as fuel.
Italy's largest utility on Monday said it will provide
specialized expertise for Newcleo's advanced nuclear projects by
sharing some of its qualified personnel. In return, Newcleo has
committed to securing an option for Enel as first investor in its
first nuclear power plant, which will be built outside Italy.
The London-based privately funded company, which was launched in
2021, plans to design and build a mini 30 megawatt electrical lead
fast reactor to be deployed in France by 2030, followed by a 200
MWe commercial unit in the U.K.
Financial details of the deal weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 13, 2023 07:21 ET (11:21 GMT)
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