BAE Systems' energy spinout Nuclear Turbines emerges from stealth with £15M raise

A BAE Systems spinout whose tech could help generate electricity at one-fifth of the cost of today’s nuclear power plants has come out of stealth, securing a £15m funding round led by IQ Capital. Manchester-based Nuclear Turbines is an energy startup developing compact modular nuclear systems to help make clean nuclear power cheaper than fossil fuels. It is looking to reduce the high cost of generating nuclear power by replacing expensive steam turbine systems with “highly efficient” high-temper