Summary
Nuclear Turbines, founded by former BAE Systems engineer Jeremy Owston and Professor Tim Abram, has raised £15 million led by IQ Capital and joined by Rhapsody Venture Partners, Zero Carbon Capital and Empirical Ventures. The funding will support reactor design validation, large-scale test rig construction, and team expansion ahead of the company's first fuel element manufacturing.
The Manchester firm's technology replaces steam turbine infrastructure with high-temperature turbine systems from jet engines, enabling compact reactors small enough for deployment on industrial sites. This approach addresses the cost and scale barriers that have limited conventional nuclear power, which requires tens of billions of pounds and decades to build.
The funding aligns with UK government policy on advanced nuclear development and comes as businesses face electricity costs 50% higher than in France and Germany. Nuclear Turbines' solution targets energy-intensive sectors seeking low-carbon power alternatives to fossil fuels. Lauren Dickerson, previously strategy director at Centrica, has joined as chief commercial and strategy officer.
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Common questions
- What is this article about?
- Nuclear Turbines, a Manchester-based spinout from BAE Systems, has secured £15 million in foundational funding to advance its compact reactor design and prepare for manufacturing its first fuel elements. The startup aims to make advanced nuclear power accessible to industrial sites and data centres by replacing conventional steam systems with jet-engine-style turbine technology.
- When was this published?
- This article was published on 27 July 2026.
- Who published this article?
- This article was published by Prolific North.