NEWS: Another advanced nuclear startup wants to cash in on the capacity scramble.

Not long after X-energy’s record-breaking $1B+ IPO, Newcleo has announced its own plan to go public. The Paris-based startup plans to merge with a blank-check company—typically a faster route than a traditional IPO. 

This deal, slated to close in H2 2026, would place Newcleo’s value at around $2.4B. The move will “enable us to rapidly advance our reactor deployment and fuel manufacturing capabilities across Europe and the United ​States,” CEO Stefano Buono said.

While we’re here: A Utah nuclear project caught up in legal challenges is back on track—in a smaller package. Blue Castle Holdings is addressing community concerns by shifting the plant to SMRs and opting for air cooling to cut water use. The new facility fits into UT Gov. Spencer Cox’s push for new capacity (with an emphasis on nuclear).