A Danish molten salt technology company, Copenhagen Atomics recently announced that it has secured €20 Million of funding to accelerate the development of thorium molten salt reactors.

“This funding will accelerate our technology development and support our roadmap towards commercial reactors online in 2028. Copenhagen Atomics has continued to focus on developing thorium reactors for mass manufacturing and very low cost of energy.” says Co-founder Thomas Jam Pedersen.

The startup, which was founded in 2014, is working on a thorium molten salt reactor that will burns nuclear waste to produce a ton of affordable and green energy. Additionally, it will enable low-cost mass production. Presently, being the only supplier of commercial molten salt test loops, the company’s aim is to have their first reactor online by 2025.