French Nuclear Plant Startup Raises $92 Million to Finish Design

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Nuclear Energy Revival:Jimmy Energy SAS, a French nuclear startup backed by billionaire Pierre-Edouard Sterin, raised €80 million ($92 million) to complete the design of its small modular reactor and start construction by 2029.The French government is providing half of the funding, while Credit Mutuel Alliance Federale is leading private sector financing, Paris-based Jimmy Energy said in a statement Tuesday. Some existing shareholders, including Sterin’s investment firm Otium Capital and Paris Mouratoglou’s Eren Groupe, also participated in the new funding round.