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Top related persons:
Elisabeth Rizzotti - 2 aren't - 1 Amazon - 1 Goldman Sachs - 1 Big - 1 Jill McArdle - 1 they've - 1 " McArdle - 1
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Search resuls for: "Newcleo"


6 mentions found


☆ Big Tech's AI bets are driving a nuclear renaissance. Not everyone is buying the hype.
  + stars: | 2024-12-30 | by ( Riddhi Kanetkar | Hasan Chowdhury | ) www.businessinsider.com   time to read: +8 min
Big Tech is investing in nuclear power to meet AI data center energy demands. While VC interest in nuclear startups is growing, startups face key bottlenecks. The generative AI boom has made nuclear power a major new obsession for Big Tech. Some industry watchers aren't fully convinced that it should be — or that nuclear startups will be able to capitalize on the hype. It's part of the reason investment in nuclear energy startups has fluctuated over the past five years.
Persons: aren't, Amazon, Goldman Sachs, Big, Jill McArdle, they've, " McArdle, McArdle, Wally McNamee, Corbis, Guillaume Sarlat, Matthew Blain, Blain, Nicolas Heuzé, Marc Andreessen, Ben Horowitz, David Ulevitch, Elisabeth Rizzotti Organizations: Big Tech, Microsoft, Constellation Energy, Google, Kairos, Goldman, Fuels, Getty Images Venture, Axeleo, Voyager Ventures, Energy, SpaceX Locations: France, Paris
☆ Newcleo's Elisabeth Rizzotti tells BI about the startup's aim to become Europe's leading nuclear juggernaut and IPO
  + stars: | 2024-12-26 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +5 min
The startup, Europe's only nuclear unicorn, is riding a wave of Big Tech interest in nuclear energy. A three-year-old startup is banking on molten lead and radioactive waste to fuel a nuclear energy renaissance driven by the tech world's demand for abundant and clean power. Tech giants such as Google and Amazon have been pivoting to nuclear energy sources to power data centers, which in turn power AI applications. Related stories"One of our most relevant business models is supporting the industrial sector, in providing them energy locally," Rizzotti said. "Once we obtain these two milestones, in our opinion, we could be ready to go public," she told BI.
Persons: Elisabeth Rizzotti, Newcleo, Rizzotti, It's Organizations: Big Tech, Tech, Google, Microsoft, Energy, Royce, European Industrial Alliance, Reactors, Pi, Tosto, Viaro Energy Locations: Paris, France
☆ How Sam Altman's $850 million SPAC could help turn nuclear power into a mainstream energy source
  + stars: | 2023-07-28 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +5 min
OpenAI's Sam Altman is taking nuclear startup Oklo public through a SPAC expected to close in 2024. The Oklo SPAC deal will mark a watershed moment for the energy source, industry experts told Insider. The public debut of Oklo, a nuclear startup chaired by Sam Altman, could be a watershed moment for the power source, industry experts say. Fission versus fusionThere are two types of nuclear power: fission and fusion. All existing nuclear energy is created via fission, which makes up around 10% of the world's electricity supply, per the International Energy Agency.
Persons: OpenAI's Sam Altman, Altman, Sam Altman, Matthew Honeyben, Douglas Hansen, Luke, we've, " Hansen, Victoria McIvor, SPAC, McIvor Organizations: CMS, CNBC, Planet Capital, International Energy Agency, Energy, Microsoft Locations: Ukraine, France, Germany, SPAC
☆ Italy's Enel, UK's newcleo link up on nuclear energy technology
  + stars: | 2023-03-13 | by ( ) www.reuters.com   time to read: +1 min
MILAN, March 13 (Reuters) - Italy's biggest utility Enel (ENEI.MI) and 'clean' nuclear technology company newcleo have signed an agreement to work together on the British start-up's technology projects aimed at providing safe and stable power, they said on Monday. "Generation IV nuclear solutions aim to provide a safe and stable power source and to significantly reduce existing volumes of radioactive waste," Enel and newcleo said in a statement. Under the agreement, newcleo has committed to securing an option for Enel as first investor in its first nuclear power plant, which it will build outside Italy. London-based newcleo plans to design and construct the first-of-a-kind mini lead fast reactor to be deployed in France by 2030. Enel currently has over 3.3 gigawatt (GW) of nuclear capacity in Spain and retains a stake of around 33% in Slovak company Slovenské elektrárne, which recently connected to the grid the first of two turbine generators of the nuclear power plant of Mochovce.
☆ The funding environment for female founders in Europe is set to remain equally dire in 2022, new report shows
  + stars: | 2022-12-08 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
The investment landscape for female founders has remained equally dire in 2022, a new report has found. The funding environment for female founders in Europe is set to remain equally dire in 2022, a new report has predicted. AtomicoThere are a number of initiatives and funds targeted towards early-stage startups with women founders. Just 12% of Europe's general partner roles were filled by women in 2021, according to last year's State of European Tech report. The updated report found women founders are "almost just as likely" to begin angel investing as their men counterparts, creating a positive flywheel.
☆ Russia's invasion of Ukraine has accelerated a nuclear renaissance. Europe's nuclear startups have raised a record $403 million in 2022.
  + stars: | 2022-11-01 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +5 min
Nuclear power has long been shunned by policymakers due to disasters like Chernobyl and Fukushima. Rising energy costs caused by Russia's invasion of Ukraine have sparked a nuclear resurgence. For most, nuclear energy sparks memories of the large-scale disasters at Fukushima and Chernobyl. To generate energy via nuclear fusion, two atoms have to be combined – the same process that fuels the sun. Both are needed to fight climate change, according to Aneeqa Khan, a nuclear fusion research fellow at the Dalton Nuclear Institute.
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