Italian Government Moves to Invest in Newcleo for Nuclear Development
The Italian state plans a significant investment in Newcleo, aiming to advance nuclear technology and energy production in Italy.
The Italian government is preparing to invest 200 million euros to become a major shareholder in Newcleo, an Italian company leading in the design of advanced third and fourth-generation nuclear reactors.
A board meeting for Newcleo, which is headed by CEO Stefano Buono, is expected to take place shortly.
The company specializes in manufacturing ultra-compact, next-generation modular reactors designed for serial production and transport.
This investment strategy involves the entry of one or more state-controlled financial and industrial companies into Newcleo by spring, which would ultimately represent approximately 10% of the company's capital.
The aim is also to attract further investors to facilitate the return of nuclear production and usage in Italy.
Discussions between Adolfo Urso, the Minister of Enterprises and Made in Italy, and Gilberto Pichetto Fratin, the Minister of the Environment and Energy Security, have focused specifically on nuclear energy and Newcleo's role.
They expressed "full convergence on the strategic interest of the government for Italy to actively participate in the realization of innovative technologies in the sector, with particular attention to projects promoted by Newcleo, a leading Italian firm in the design of advanced third and fourth-generation reactors."
The ministers aim to strengthen the supply chain within a new regulatory framework that has already been proposed and is currently under discussion.
This initiative intends to enhance existing skills and create new industrial and employment opportunities to benefit the Italian production system.
A board meeting for Newcleo, which is headed by CEO Stefano Buono, is expected to take place shortly.
The company specializes in manufacturing ultra-compact, next-generation modular reactors designed for serial production and transport.
This investment strategy involves the entry of one or more state-controlled financial and industrial companies into Newcleo by spring, which would ultimately represent approximately 10% of the company's capital.
The aim is also to attract further investors to facilitate the return of nuclear production and usage in Italy.
Discussions between Adolfo Urso, the Minister of Enterprises and Made in Italy, and Gilberto Pichetto Fratin, the Minister of the Environment and Energy Security, have focused specifically on nuclear energy and Newcleo's role.
They expressed "full convergence on the strategic interest of the government for Italy to actively participate in the realization of innovative technologies in the sector, with particular attention to projects promoted by Newcleo, a leading Italian firm in the design of advanced third and fourth-generation reactors."
The ministers aim to strengthen the supply chain within a new regulatory framework that has already been proposed and is currently under discussion.
This initiative intends to enhance existing skills and create new industrial and employment opportunities to benefit the Italian production system.
Translation:
Translated by AI
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