Founded in 2021, Newcleo develops small nuclear reactors powered by radioactive waste.
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The pilotreactor and the nuclear waste reprocessing plant are expected to cost in the region of4bn.
In addition, Newcleo last year won a 20mn grant from Bpifrance, the countrys public sector investment bank.
It can also benefit from tax credit incentives going forward.
The French government is expected to confirm a deal with Newcleo later this year.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
