RWT Growth facilitates growth capital for modular nuclear power to reach remote destinations and hard industries

RWT Growth and StarCore Nuclear Canada recently announced a partnership in order to bring cleaner nuclear energy to remote locations and industries who rely on harmful sources of power, such as diesel generators, at a low cost both economically and environmentally. The deal represents a benchmark investment both by way of scale and innovation.

StarCore Nuclear Canada utilises similar technology to that which has long used aboard nuclear submarines or large warships and, in 50 years, has seen no major incidents, making this a safe choice of clean-tech. When applying this innovation to remote towns, such as those in Canada currently relying on damaging diesel generators to power their communities, this is a highly beneficial, more sustainable technology.

Currently, StarCore is the only manufacturer whose plant qualifies for remote and off-grid locations. StarCore Nuclear Canada is a Generation IV High Temperature Gas Reactor technology that has been designed, optimized and patented for the purpose of providing small-scale, safe, low cost and low CO2 power production in remote locations.

The StarCore nuclear technology can significantly reduce the reliance on diesel to produce power and by doing so reduce greenhouse gasses and lower the cost of energy production, which is critical for remote communities, mines, island communities and large industry. Compared to usual nuclear prices – which usually come in at around £GBP 18 billion – StarCore’s reactors shoulder a considerably lower cost and only need a few members of staff to maintain the reactors.

StarCore Nuclear Canada has engaged RWT Growth Inc. as the exclusive corporate and capital advisor for its global operations and StarCore’s imminent small modular nuclear reactor power project(s) in Canada. RWT Growth Inc. is a boutique corporate advisory and investment banking advisory banking firm with offices in Canada and London UK. StarCore and RWT have been working together since June 2019.

Reece Tomlinson – CEO of RWT Growth said “StarCore represents a technology that can change the way we provide power to some of the world’s most remote locations and provide economic power solutions while dramatically lowering CO2. We are pleased and excited to be working with such a great company on such an important technology.”