Curio, a Washington DC-based tech advancement business devoted to advancing a closed fuel cycle, happily reveals the effective closure of its seed round with an overall haul of $14 million. This accomplishment symbolizes a substantial advance in the business’s objective to develop tidy nuclear power as a driver for international success and sustainability.
Washington, D.C. (PRUnderground) April 18th, 2024
Curio Legacy Ventures, Inc., a Washington DC-based business committed to advancing a closed fuel cycle through ingenious innovations like NuCycle ®, an innovative hazardous waste recycling innovation, happily reveals the effective closure of its seed round with an overall haul of $14 million. This accomplishment represents a substantial advance in the business’s objective to develop tidy nuclear power as a driver for worldwide success and sustainability.
In this pioneering collaboration, Curio protected $7.5 million in personal sector financing, led by Synergos Holdings, an endeavor studio concentrated on the concept, advancement, and development of transformative deep innovations. Edward McGinnis, President, and CEO of Curio, revealed his interest, specifying, “curio’s transformative innovations and groundbreaking business management method has actually placed us to open the complete capacity of the United States and international nuclear markets in such a way we have actually not seen before. We are plainly on the edge of a brand-new nuclear age. Our dedication to establishing essential and transformational nuclear innovations for a closed and sustainable nuclear cycle highlights our belief in taking the future of energy. Tidy nuclear power acts as the foundation of our objective, picturing a world where the United States leads as the leading atomic energy exporter and provider of nuclear fuel, energy, and next-generation radioisotopes and nuclides.”
The general public sector played an essential function in driving Curio’s seed round success by granting 4 critical grants from the Department of Energy (DOE). These grants consisted of a prominent ARPA-E award as part of the Converting UNF Radioisotopes Into Energy (CURIE) program, together with 2 awards from the Office of Nuclear Energy Gateway for Accelerated Innovation in Nuclear (GAIN) program. Curio protected an expediency research study award through the recently developed Partnership Intermediary Agreement (PIA) with ENERGYWERX, an ingenious DOE effort intended at speeding up collaboration development to boost the growth of tidy energy services. The federal contribution for these awards amounted to $5.8 million, representing 80% of the $7.25 million overall awards, while Curio stays dedicated to offering the staying 20% in accordance with federal DOE cost-share requirements.
In a tactical relocation, Curio likewise created collaborations through 4 Cooperative Research and Development Agreements (CRADAs) with prestigious nationwide labs, consisting of Idaho National Lab (INL), Oak Ridge National Lab (ORNL), Pacific North National Lab (PNNL), and Sandia, together with other crucial market stakeholders, consisting of energies and regional neighborhoods. This collective technique marks an unmatched advancement method for the commercialization of hazardous waste recycling innovation in the United States, indicating Curio’s dedication to broadening these collaborations as it advances with the advancement and presentation of its transformative innovations.
The round amassed substantial interest from tactical financiers within the nuclear sector, in addition to long-lasting effect financiers, even more verifying Curio’s ingenious technique to nuclear innovation advancement and release. The Moskowitz siblings, creators and handling partners of Synergos, shared their viewpoint on the collaboration, saying, “Our journey in deep-tech development highlights our dedication to a future where development and success converge. By buying groundbreaking concepts like Curio, we’re driving towards a future where all of humankind can prosper. Our advancement of Curio from idea to truth exhibits our group’s devotion to an ingenious structure that makes sure continual success for all stakeholders.”
Curio’s vision of a closed fuel cycle, powered by advanced innovations like NuCycle ®, stands at the leading edge of changing the energy landscape. By dealing with ecological, security, and market issues, Curio leads the way for a sustainable and thriving future. Looking ahead, Curio prepares to take advantage of the success of its seed round to bridge towards more advancement, broadening its portfolio of innovation developments. With the series A financing round set up to accompany the conclusion of lab-scale presentation activities by the end of 2025, Curio is poised to accelerate its objective and drive development in the atomic energy sector.
About ARPA-E:
ARPA-E advances high-potential, high-impact tidy energy innovations throughout a wide variety of technical locations that are tactical to America’s energy security.Discover moreabout these efforts and ARPA-E’s dedication to making sure the United States continues to lead the world in establishing and releasing innovative tidy energy innovations.
About Curio
“Close the Cycle ®”: A Revolution in Nuclear Technology Development
Starting an objective to leader necessary nuclear innovations for a closed nuclear cycle, we are persuaded that “Closing the Cycle” holds the essential to opening the next chapter in nuclear development. Grounded in the concepts of sustainably tidy nuclear power, CURIO ® imagines a future where the United States becomes an international leader in nuclear tech advancement, exporting energy and providing nuclear fuel, together with next-generation radioisotopes and nuclides.
