NEXTCHEM and newcleo have established a joint venture, Nextcleo, to develop advanced nuclear technologies aimed at sustainable energy production while fostering collaboration in the nuclear industry.

Target Information

Nextcleo S.p.A., a newly formed joint venture between NEXTCHEM and newcleo, will focus on developing innovative intellectual property (IP) and providing specialized technical services for the design and management of the Conventional Island and Balance of Plant required for converting nuclear energy into electricity. This state-of-the-art venture aims to leverage advanced technology to create a more sustainable and efficient energy production system.

The shareholding structure of Nextcleo consists of 60% ownership by NEXTCHEM and 40% by newcleo. The partnership will not only enhance the proprietary technologies of both companies but also enable Nextcleo to offer its services to other nuclear technology providers, thus broadening its reach and impact on the market.

Industry Overview

The nuclear energy sector in Italy is evolving, with a significant push towards cleaner energy solutions. Italy's energy transition aligns well with the European Union's broader sustainability goals, focusing on reducing c