Nuclear Turbines
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Investors
Founders
About
Nuclear Turbines is a Manchester-based deeptech startup developing compact, cost-effective advanced nuclear power systems that replace conventional steam turbines at the heart of a nuclear plant with high-temperature turbine technology borrowed from jet engines and gas-fired power stations 123. On 2026-07-27, the company announced a £15 million (~€17.5 million) foundational round led by IQ Capital, with participation from Rhapsody Venture Partners, Zero Carbon Capital, and Empirical Ventures 123. Nuclear Turbines was co-founded by Jeremy Owston, a former BAE Systems Principal Engineer, and Tim Abram, a nuclear engineer and professor at the University of Manchester, in partnership with Empirical Ventures’ venture studio 12. The company claims its approach could generate electricity at one-fifth the cost of today’s nuclear plants — bringing nuclear prices below those of fossil fuels 1. Capital will be used to advance and validate the reactor design, build large-scale test rigs, and expand the team as the company prepares to manufacture its first fuel elements 1.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-27 | Foundational | £15M | IQ Capital | Rhapsody Venture Partners, Zero Carbon Capital, Empirical Ventures 123 |
What Investors Say
No independently sourced investor testimonials found at this time.
What Founders Say
“The nuclear industry has always designed reactors first, then figured out what to do with the heat. We flipped this script: we started with the cheapest way to generate power and designed a reactor to fit.”
— Jeremy Owston, Co-founder and CEO of Nuclear Turbines, on the foundational round 2.
Sources
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“Manchester’s Nuclear Turbines raises €17.5 million to develop compact, cost-effective nuclear power systems,” EU-Startups, July 27, 2026. Accessed July 2026. https://www.eu-startups.com/2026/07/manchesters-nuclear-turbines-raises-e17-5-million-to-develop-compact-cost-effective-nuclear-power-systems/↩↩↩↩↩↩
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“Ex-BAE Systems engineer ‘flips the script’ on nuclear power,” BusinessCloud, July 27, 2026. Accessed July 2026. https://businesscloud.co.uk/news/ex-bae-systems-engineer-flips-the-script-on-nuclear-power/↩↩↩↩↩
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“Nuclear Turbines Emerges From Stealth With £15 Million Funding,” Pulse 2.0, July 27, 2026. Accessed July 2026. https://pulse2.com/nuclear-turbines-emerges-from-stealth-with-15-million-funding/↩↩↩