Seaborg Technologies
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|
EBITDA | - | (<1m) | (<1m) | (<1m) | (1.2m) | (1.8m) |
Profit | <1m | (<1m) | (<1m) | (<1m) | (<1m) | (1.8m) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
€300k | Grant | ||
€20.0m | Early VC | ||
N/A Valuation: €100m -83.8x EV/LTM EBITDA | Early VC | ||
€2.5m | Grant | ||
* | N/A | Seed | |
Total Funding | $25.1m |
Recent News about Seaborg Technologies
EditSeaborg is a startup that's innovating in the nuclear power industry. They are developing a new type of nuclear power plant that is fundamentally different from existing models. Their Compact Molten Salt Reactor (CMSR) is smaller, safer, more environmentally friendly, and cheaper than traditional nuclear reactors. The CMSR uses a liquid salt mixture as both fuel and coolant, which eliminates the need for constant cooling and reduces the risk of meltdowns or explosions. This also simplifies the design, reducing costs.
Seaborg's business model revolves around the production and deployment of their CMSR on Power Barges. These barges are modular, meaning they can be adjusted to produce between 200 to 800 MW of electricity, and have a lifespan of 24 years. This makes them a flexible and long-term solution for energy production.
Seaborg's target market includes any entities in need of large-scale, affordable, and sustainable energy. This could range from national governments to private corporations. Their competitive advantage lies in their ability to provide a safer, cheaper, and more sustainable alternative to both traditional nuclear power and fossil fuels.
In terms of revenue, Seaborg likely makes money by selling their CMSR Power Barges to clients, and potentially through partnerships for co-development of energy projects.
Keywords: Nuclear Power, Sustainable Energy, Compact Molten Salt Reactor, Power Barges, Modular Energy Production, Safety, Affordability, Co-Development Partnerships, Energy Market Revolution, Low-Emission Energy.