New and recently funded Energy Startups
1
Country: UK | Funding: $1B
Kraken is a spinoff of Octopus Energy, a company building a virtual grid for renewable energy supply. Kraken is the AI software that manages this grid, and Octopus has decided to sell it separately to other energy utilities. Kraken provides a suite of tools for managing the grid and customer base, forecasting load and income, organizing support and creating new products and tariffs. It also enables field operations management, including collaboration with local contractors, real-time network data retrieval to monitor performance, identify faults and allows to precisely manage capacity loads arising from the expansion of distributed energy sources. Kraken supplies its energy software to such utility companies as EDF and E.ON.
Kraken is a spinoff of Octopus Energy, a company building a virtual grid for renewable energy supply. Kraken is the AI software that manages this grid, and Octopus has decided to sell it separately to other energy utilities. Kraken provides a suite of tools for managing the grid and customer base, forecasting load and income, organizing support and creating new products and tariffs. It also enables field operations management, including collaboration with local contractors, real-time network data retrieval to monitor performance, identify faults and allows to precisely manage capacity loads arising from the expansion of distributed energy sources. Kraken supplies its energy software to such utility companies as EDF and E.ON.
2
Country: India
Avasarala Technologies manufactures equipment for nuclear power plants, including radiation shielding, heat pipes and automation solutions. Acquired by Florintree Advisors
Avasarala Technologies manufactures equipment for nuclear power plants, including radiation shielding, heat pipes and automation solutions. Acquired by Florintree Advisors
3
Country: India
Nucleonix Systems manufacturers and deals in nuclear products such as radiation detectors, area gamma monitors, and monitoring systems.
Nucleonix Systems manufacturers and deals in nuclear products such as radiation detectors, area gamma monitors, and monitoring systems.
4
Country: India
IYNS TechSolutions develops 10 MWe / 30 MWth molten salt micro-reactor SUK‑M that runs on thorium. It is intended to use for hydrogen production, industrial heating, desalination, etc.
IYNS TechSolutions develops 10 MWe / 30 MWth molten salt micro-reactor SUK‑M that runs on thorium. It is intended to use for hydrogen production, industrial heating, desalination, etc.
5
Country: UK
Cambridge AtomWorks is focused on delivering a nuclear micro-reactor ODIN built in the UK. The startup intends to demonstrate the first nuclear micro-reactor operational prototype by 2030 and by the mid-2030s - become a trusted global supplier of clean, sustainable energy to off-grid customers. ODIN is a low-pressure, molten-salt-cooled, solid-fuel fission reactor integrated with power conversion and heat rejection systems, enabling substantial and compact, standalone electricity supply without external connections.
Cambridge AtomWorks is focused on delivering a nuclear micro-reactor ODIN built in the UK. The startup intends to demonstrate the first nuclear micro-reactor operational prototype by 2030 and by the mid-2030s - become a trusted global supplier of clean, sustainable energy to off-grid customers. ODIN is a low-pressure, molten-salt-cooled, solid-fuel fission reactor integrated with power conversion and heat rejection systems, enabling substantial and compact, standalone electricity supply without external connections.
6
Country: UK | Funding: $104.7M
CORE POWER is building ship-based nuclear energy systems for industrial and coastal applications. They are designed for deployment where consistent, high-density power is required. And company’s Propulsion systems will bring nuclear power to commercial vessels. Designed for long-duration operation and consistent performance across global routes.
CORE POWER is building ship-based nuclear energy systems for industrial and coastal applications. They are designed for deployment where consistent, high-density power is required. And company’s Propulsion systems will bring nuclear power to commercial vessels. Designed for long-duration operation and consistent performance across global routes.
7
Country: UK
Fermi Development is identifying, securing and developing the sites that will enable the UK's next generation of Small and Advanced Modular Reactors. The company combine proven development expertise with a disciplined, technology agnostic approach to create projects that are ready to progress, helping unlock investment, strengthen energy security and accelerate the deployment of reliable low carbon power.
Fermi Development is identifying, securing and developing the sites that will enable the UK's next generation of Small and Advanced Modular Reactors. The company combine proven development expertise with a disciplined, technology agnostic approach to create projects that are ready to progress, helping unlock investment, strengthen energy security and accelerate the deployment of reliable low carbon power.
8
Country: UK
Perpetual Atomics is a space nuclear power technology company providing radioisotope power systems, fuel energy innovation, and recycling.
Perpetual Atomics is a space nuclear power technology company providing radioisotope power systems, fuel energy innovation, and recycling.
9
Country: UK | Funding: $107M
First Light Fusion (FLF) develops Inertial confinement fusion reactor that can produce power. It's powered by FLARE, combining efficient compression with fast ignition to enable a simpler, more scalable path to fusion power.
First Light Fusion (FLF) develops Inertial confinement fusion reactor that can produce power. It's powered by FLARE, combining efficient compression with fast ignition to enable a simpler, more scalable path to fusion power.
10
Country: UK | Funding: £15M
Nuclear Turbines is a spinoff of BAE Systems that develops new nuclear reactor with high-temperature turbine (instead of steam turbine), which will lead to lower energy costs. The reactor directly heats compressed air before returning it to the turbine at high temperature to generate electricity, uses novel reactor materials and bypasses the need for graphite. The high-temperature gas turbine (normally found in jet engines and gas-fired power plants) converts extremely hot air directly into power with very little energy loss.
Nuclear Turbines is a spinoff of BAE Systems that develops new nuclear reactor with high-temperature turbine (instead of steam turbine), which will lead to lower energy costs. The reactor directly heats compressed air before returning it to the turbine at high temperature to generate electricity, uses novel reactor materials and bypasses the need for graphite. The high-temperature gas turbine (normally found in jet engines and gas-fired power plants) converts extremely hot air directly into power with very little energy loss.
