New Energy
New Danish Nuclear Power Fund Targets Raising €350 Million
The rapid expansion of data centers and the electrification of sectors including heavy industry are among the factors driving renewed interest in atomic energy.
A dome being installed on a commercial small modular reactor in China. The new fund will invest in similar technology in Europe.
Photographer: China News Service/China News ServiceThis article is for subscribers only.
A Danish fund is betting on a nuclear power revival and is seeking to raise €350 million ($397 million) to exclusively back the atomic industry and its supply chain.
92 Capital aims to invest in nuclear power vendors, companies that support the rollout of atomic energy and supply chain such as fuel, said two of the fund’s partners. It plans to approach large Danish institutional investors, including pension funds.