Thorizon Raises €12.5M in Funding
Summary
The company intends to use the funds for the development of a new generation of nuclear power plants, to perform essential tests and research and to complete the design of a first prototype. Led by Founder Lucas Pool, Thorizon is advancing a molten salt reactor which will use long-lived waste in combination with the abundant metal Thorium as fuel. Together with EPZ, operator of the nuclear power plant in Borssele, Thorizon investigates the possibility of realising a first system on their site. A broader consortium of research institutions such as TU Delft and DIFFER, component suppliers, and industrial service providers is involved to support this development. Thorizon is a spin-off from the Nuclear Research and consultancy Group (NRG), the organisation which operates the High Flux Reactor in Petten.