✉news BusinessStartups first seen 18 h ago, last 15 min 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 reactors designed to supply industrial heat. The funding will support the company's push to bring compact nuclear technology to industrial users, part of a broader wave of investment in small modular reactors as countries and companies seek low-carbon alternatives to fossil-fuel heat.
Why now: Investor interest in small modular reactors and clean industrial heat is rising, making new funding in the sector newsworthy.
RXSouth Koreasmall modular reactors
Evidence
- Korea’s SMR startup RX raises $7.5 mn to accelerate industrial heat reactor development · KED Global
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