Curio, Washington DCa technology development company dedicated to advancing closed fuel cycles, proudly announces the successful completion of a total seed round. $14 million. This achievement represents a significant step forward in the company's mission to establish clean nuclear power as a catalyst for global prosperity and sustainability.
Washington, April 18, 2024 /PRNewswire/ — Curio Legacy Ventures, Inc. Washington DCThe company, based in , is dedicated to advancing closed fuel cycles through innovative technologies such as NuCycle®, an innovative nuclear waste recycling technology, and is proud to announce the successful completion of a seed round in gross volume I will make an announcement. $14 million. This achievement represents a significant step forward in the company's mission to establish clean nuclear power as a catalyst for global prosperity and sustainability.
In this pioneering partnership, Curio $7.5 million With private sector funding led by Synergos Holdings, a venture studio focused on conceptualizing, developing and advancing innovative deep technologies. edward mcginnis“Curio's innovative technology and groundbreaking approach to business management enable us to unlock the potential of the U.S. and global nuclear power markets in ways never seen before,” said Curio's President and CEO. “We are clearly doing that,” he said. On the brink of a new nuclear age, our commitment to developing vital and transformative nuclear technologies for a closed, sustainable nuclear cycle underscores our belief in seizing a clean nuclear future We envision a world in which: US It is a major exporter of nuclear energy and a leading supplier of nuclear fuel, energy and next-generation radioisotopes and nuclides. ”
The public sector played a key role in driving Curio's successful seed round by awarding four significant grants from the Department of Energy (DOE). These grants include the prestigious ARPA-E award as part of the UNF Conversion of Radioisotopes to Energy (CURIE) program, and his two awards from the Office for the Advancement of Nuclear Innovation (GAIN) program. Also included. In addition, Curio announced that through a newly established Partnership Intermediary Agreement (PIA) with ENERGYWERX, an innovative DOE initiative aimed at accelerating partnership formation to strengthen the expansion of clean energy solutions, Won the Sex Research Award. The total federal contributions for these awards are $5.8 millionaccounting for 80% of $7.25 million Meanwhile, Curio remains committed to providing the remaining 20% in accordance with the federal Department of Energy's cost-sharing requirements.
In a strategic move, Curio also has four collaborations with prominent national laboratories, including Idaho National Laboratory (INL), Oak Ridge National Laboratory (ORNL), Pacific North National Laboratory (PNNL), and Sandia. We forged a partnership through a development agreement (CRADA). , along with other key industry stakeholders such as utility companies and local communities. This collaborative approach represents an unprecedented development strategy for the commercialization of nuclear waste recycling technology. USdemonstrating Curio's commitment to expanding these partnerships while advancing the development and demonstration of innovative technologies.
This round attracted significant interest from strategic investors in the nuclear sector as well as long-term impact investors, further demonstrating Curio's innovative approach to the development and deployment of nuclear technology. The Moskowitz brothers, founders and managing partners of Synergos, shared their views on the partnership, saying, “Our journey in deep technology innovation underscores our commitment to a future where innovation and prosperity intersect. By investing in breakthrough ideas like Curio, we It is Curio's development from concept to reality that moves us towards a future where all humanity can thrive, and our team for an innovative framework that ensures sustained success for all stakeholders. An example of dedication. ”
Curio's vision of closed fuel cycles, powered by innovative technologies like NuCycle®, is at the forefront of transforming the energy landscape. Curio paves the way for a sustainable and prosperous future by addressing environmental, security and market concerns. Looking to the future, Curio plans to leverage the success of its seed round to bridge further development and expand its portfolio of technological advancements. The Series A funding round is scheduled to coincide with the completion of laboratory-scale demonstration activities by the end of 2025, leaving Curio poised to accelerate its mission and drive innovation in the nuclear energy sector.
About ARPA-E:
ARPA-E advances high-potential, high-impact clean energy technologies across a wide range of technology areas that are strategic to U.S. energy security. Learn more about these efforts and the work of ARPA-E here. US continues to lead the world in the development and deployment of advanced clean energy technologies.
About Curio Legacy Ventures:
Curio Legacy Ventures, Inc. is headquartered at Washington DCis advancing closed fuel cycles through pioneering technologies such as NuCycle®, a patented process for recycling nuclear fuel. Curio aims to establish clean nuclear power as a catalyst for global prosperity and sustainability by addressing environmental, security and market concerns. With the vision of US As an energy exporter and supplier of nuclear fuel, energy and next generation radioisotopes and nuclides, Curio is leading the charge towards a cleaner and brighter future.
For media inquiries, please contact us below.
Liat Guji
Phone: 771.210.1153
Email: [email protected]
http://curio.energy
About Curio Solutions
“Close the Cycle®” A new approach to nuclear technology development
Having dedicated ourselves to the development of key nuclear technologies to create a closed nuclear cycle, we believe that the Second Nuclear Age is the future we have all been waiting for. With clean nuclear power at the foundation of our beliefs, CURIO® envisions a world where: US is an energy exporter and supplier of nuclear fuel, energy, and next-generation radioisotopes and nuclides.
Source Curio Solutions
