The startup manufactures microreactors that generate electricity from radioactive waste and thorium through molten salt reactions with plutonium and uranium. This technology provides a sustainable energy solution, enabling industries to utilize mining by-products while contributing to carbon neutrality goals.
Funding
$62.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The world faces increasing energy demands coupled with the depletion of non-renewable fossil fuels, which contribute to greenhouse gas emissions, climate disruption, and biodiversity loss. Traditional nuclear energy produces long-lived radioactive waste that requires storage for thousands of years, posing environmental challenges.
Solution
NAAREA provides an alternative to fossil fuels through next-generation nuclear power by utilizing long-lived nuclear waste to produce carbon-free energy. Its innovative XAMR® microreactors burn plutonium and highly radiotoxic waste, offering a completely closed fuel cycle. These fourth-generation molten salt fast neutron microreactors are designed for decentralized energy production, enabling installation close to industrial consumers and in remote areas. The reactors produce both electricity (40 MW electric) and heat (80 MW thermal), complementing intermittent renewable energy sources and enhancing energy security.
Target Audience
NAAREA's primary customers include industrial consumers, businesses of all sizes, and remote areas seeking carbon-free, decentralized, and reliable energy sources.
Features
- Fourth-generation molten salt fast neutron microreactor technology
- Utilizes long-lived radioactive waste (plutonium) as fuel
- Closed fuel cycle with no waste requiring long-term storage
- Inherently regulated fission reaction for enhanced safety
- Operates at close to atmospheric pressure and is salt-cooled
- Small modular reactor (SMR) design for mass production and decentralized deployment
- Produces both electricity and heat
- Remote operation and maintenance