Nuclear Turbines aims to reduce the cost of nuclear power by replacing traditional steam turbine systems with highly efficient high-temperature turbine technology typically used in jet engines and gas-fired power plants, combined with a novel nuclear reactor design. Its compact systems are intended to be deployable "behind the meter" at industrial sites, data centres and manufacturing facilities. The company says this approach can lower generation costs to around one-fifth of today’s nuclear plants and builds on advancements in small modular reactors to address cost and scale challenges. Founded in 2025 and spun out of BAE Systems in partnership with Empirical Ventures' venture studio, the startup is led by Jeremy Owston and Professor Tim Abram. Following a £15m funding round led by IQ Capital, the company plans to use the capital for design, constructing large-scale test rigs and hiring to expand the team. No revenue, user or valuation metrics were disclosed in the articles.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2026