✉news BusinessStartups first seen 6 h ago, last 1 h ago, peak #12
Korean SMR startup RX raises $7.5 million for industrial heat reactors
Original: Korea’s SMR startup RX raises $7.5 mn to accelerate industrial heat reactor development
South Korean small modular reactor startup RX has raised $7.5 million to speed up development of its industrial heat reactors. The funding will support the company's efforts to bring compact nuclear technology to industrial heating applications. The raise highlights growing investor interest in SMR firms as countries and industries look to nuclear innovation for decarbonising heat-intensive processes.
Why now: Investor and policy attention is surging around small modular reactors as a decarbonisation technology.
Evidence
- Korea’s SMR startup RX raises $7.5 mn to accelerate industrial heat reactor development · KED Global
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