Seaborg Technologies secures $24 million from Brightfolk et al

Germany Denmark Investments 20 November 2020
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Seaborg Technologies, a Copenhagen, Denmark-based manufacturer of small modular nuclear reactors, announced that it secured funding totalling $24 million.

The money was raised from a range of investors including Brightfolk AS. Proceeds will be used to bring nuclear power at sea to parts of southeast Asia which rely on fossil fuels and where renewables aren’t yet an option. Floating reactors are as old as the nuclear age, with units powering submarines and icebreakers for some seven decades.

Seaborg Technologies, founded in 2015 by Ask Emil Løvschall-Jensen, Andreas Vigand Pedersen, Eirik Eide Pettersen and CEO Troels Schönfeldt, designs Molten Salt Reactors (MSR), a type of nuclear reactors based on a combination of molten salt technology and thorium, which enables production of green energy at low costs.