Hexana has secured €25M (USD 26M) to support the accelerated development of its modular sodium-cooled fast neutron reactor. This comprises fundraising of €15M and a grant of €10M from Bpifrance Financement, awarded under the France 2030 initiative for innovative nuclear reactor projects.
Hexana said the funding is supported by major investors such as Blast. Club, Eren Industries, CEA Investment and South Region Investment, and Avolta teams. It will enable Hexana to complete the conceptual design of the reactor, submit the safety options file to the French regulator, and progress to the basic design phase. It added the funding also plays a pivotal role in securing its first industrial customers and strategic sites across Europe.
The RNR Sodium technology, whose feasibility has already been demonstrated with the Phoenix, Superphénix and ASTRID projects, is thus relaunched in this energy platform project combining an innovative reactor composed of two modules of 400MWth of power each and a’ energy storage system. With enhanced financial visibility and proven technology, HEXANA confirms the market prospects for its product by 2035.