✉news BusinessStartups first seen 12 h ago, last 1 h ago, peak #6
Korean SMR heat startup rx raises $7.46M bridge round
Original: Korean heat-supply SMR startup rx raises $7.46M bridge round
South Korean small modular reactor startup rx has raised $7.46 million in a bridge funding round, according to deal data. The company develops SMRs designed to supply heat rather than electricity, targeting industrial customers. The raise suggests investors are warming to nuclear heat applications as demand grows for low-carbon energy solutions for factories and district heating.
Why now: Investor and industry attention on SMRs and nuclear-derived industrial heat is growing amid the push for decarbonisation.
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