Thorizon has secured €20 million in funding to expedite the development of its Thorizon One molten salt reactor, aiming to revolutionize nuclear energy in Europe.

Target Information

Thorizon, a North Holland-based deep-tech company, is at the forefront of innovative nuclear energy solutions. The company has successfully raised €20 million to accelerate the development of its flagship project, the Thorizon One, an advanced molten salt reactor. This funding round was primarily led by Invest-NL, supported by an InvestEU guarantee from the European Commission. Notable participants also included PDENH, which has invested in Thorizon previously, alongside Positron Ventures and Impuls Zeeland, reaffirming their confidence in Thorizon's mission and technology.

Industry Overview in the Netherlands

The nuclear energy industry in the Netherlands is gradually gaining momentum as the country seeks to diversify its energy sources and address carbon emissions. With obligations to reduce greenhouse gases and a growing need for stable energy production, nuclear power is increasingly seen as a viable solution. The introduction of advanced technologies, such as molten salt reactors, aligns well with the Dutch government's aims for sustainable energy, offering not only a low-emission energy source but also the potential for improved safety and efficiency.

The potential for innovation in this sector is significant, particularly given the existing framework that supports research and development in clean technology. The Netherlands has established initiatives to promote nuclear energy development, emphasizing t