The move stems from a Memorandum of Understanding (MoU) with the Emirates Nuclear Energy Company (ENEC).
According to Newcleo, ENEC has demonstrated proficiency in new nuclear build having developed and completed 4 APR-1400 reactors of the Barakah Nuclear Energy Plant, the UAE’s largest source of clean electricity, in over 10 years.
Under the MoU, the two companies will explore opportunities to work together to support the advancement of LFR projects and the development of strategies for managing the full life of the reactors, and the closure of the nuclear fuel cycle for European projects.
This will include identifying areas of potential collaboration in investment and deployment of Newcleo’s existing projects in Europe, and for the MENA region, to examine how the LFR reactor technology could support the decarbonisation of hard to abate projects, such as data centres, off-grid applications and hydrogen production.
Mohamed Al Hammadi, managing director and CEO of ENEC, said: “ENEC’s signing with newcleo today will strengthen our businesses through collaboration and shared expertise. Having successfully brought Barakah Nuclear Energy Plant to full operations last year, this agreement presents a unique opportunity to leverage our capabilities in nuclear development and operations while exploring cutting-edge technologies that enhance our Advance Program for SMRs and advanced reactors. This marks a significant step in ENEC’s journey to become a global partner of transformation, committed to enhancing energy security, driving economic resilience, and contributing to a sustainable future through safe and reliable civil nuclear solutions.”
Newcleo founder Stefano Buono said: “Our joint effort will create opportunities for a new model for cooperation between public and private nuclear energy companies, which could one day be exported beyond our respective markets.”
Furthermore, the organisations will look at opportunities for knowledge transfer through collaboration on innovative approaches to capacity-building programmes and hands-on-training programmes using research reactors and operational facilities.