NUWARD
- Company typePrivate
- Founded2023
- HeadquartersParis, France
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What NUWARD does
NUWARD SAS is a wholly-owned subsidiary of EDF Group, incorporated in March 2023 and headquartered in Paris with primary engineering operations in Lyon, dedicated exclusively to the development of a European Small Modular Reactor (SMR). The company is designing a single product — the NUWARD SMR — based on proven GEN III+ Pressurised Water Reactor technology with a thermal output of 1,150 MWth convertible to up to 400 MWe of electricity and 115 MWth of process heat. The design emphasises factory prefabrication (60% of operations moved off-site), a 48-month delivery timeline, and a controlled fuel cycle that recycles 96% of spent fuel while reducing natural uranium extraction by 25%. NUWARD is pre-commercial: it does not yet sell power plants, and the first-of-a-kind unit is targeted for construction in France or elsewhere in Europe during the 2030s.
The go-to-market is enterprise field sales targeting three primary segments — utilities/energy providers, industrial clusters (chemicals, paper, food, manufacturing), and data centers — plus emerging applications in hydrogen production, district heating, and seawater desalination enabled by the reactor's cogeneration capability. Sales cycles involve technical pre-assessment, regulatory engagement, and bespoke contractual arrangements; pricing is not publicly disclosed. NUWARD has no paying customers today, but is building a pipeline through strategic partnerships with Tractebel, Edison, Ansaldo, Respect Energy, Fortum, Maire/Nextchem, and an Industrial Declaration of Intent with 8 Italian industrial companies.
The company is funded primarily through public capital: a €300 million envelope from the French State under the France 2030 plan (EU-approved in April 2024) and a €50 million European Commission subsidy approved in December 2022, disbursed against technical and industrial milestones. NUWARD is a member of the European Industrial Alliance on SMRs and is the case study for an unprecedented Joint Early Review spanning eight European nuclear safety regulators (France, Czech Republic, Finland, Sweden, Poland, Netherlands, Belgium, Italy), now in Phase 3 with conclusions expected in early 2027. Revenue is not yet generated; the business model is effectively the future one-time licensing and sale of SMR power plants plus associated long-term service agreements once the design is licensed and the first reference plant is operational.
NUWARD firmographics
Firmographics- Name
- NUWARD
- Legal name
- NUWARD SAS
- Website
- https://nuward.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Ownership category
- akta.pro rank
NUWARD industry classification
Industry- Product category
- Small Modular Reactor (SMR) Nuclear Power Equipment
- NAICS
- Nuclear Electric Power Generation (221113)
- akta.pro primary industry
- Small Modular Reactor (SMR) Platforms & Balance-of-Plant Integration (EUAKADAA)
- akta.pro secondary industries
- Small Modular Reactor (SMR) Power Generation (EUACADAF), Gen III/III+ Reactor Systems & Components (EUAKADAB)
Keywords
Where NUWARD is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
NUWARD business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- SMR power plant sales and deployment: NUWARD plans to commercialize its Small Modular Reactor during the 2030s, with the first-of-a-kind unit built in France or Europe. Revenue will come from selling/deploying SMR power plants to utilities, industrial clusters, and data centers, providing competitive low-carbon electricity and heat.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
NUWARD product offering
Product offeringCore offering
NUWARD develops and plans to commercialize the NUWARD Small Modular Reactor (SMR), a modular nuclear power plant based on proven GEN III+ Pressurised Water Reactor technology producing 1,150 MWth thermal output convertible to up to 400 MWe of electricity and 115 MWth of heat. The product is designed for factory prefabrication with a 48-month delivery timeline and supports cogeneration applications including industrial steam, hydrogen production, district heating, and seawater desalination for utilities, industrial clusters, and data centers.
Product overview
NUWARD offers a single unified product: the NUWARD SMR (Small Modular Reactor), which is a multi-energy platform based on proven GEN III+ Pressurised Water Reactor technology. The SMR delivers 1,150 MWth thermal output (400 MWe electricity + 115 MWth heat), features 60% factory prefabrication for rapid 48-month delivery, and supports applications beyond electricity including hydrogen production, district heating, and seawater desalination. The product targets industrial clusters, data centers, and energy utilities seeking competitive, low-carbon energy solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- NUWARD SMR
Quantifiable outcome
- 96% of spent fuel can be recycled, reducing waste volume and environmental impact
- +4 more outcomes
Companies that use NUWARD
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
NUWARD technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NUWARD partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- 8 Italian Industrial CompaniescoreNUWARD and EDF signed Industrial Declaration of Intent with 8 Italian industrial companies, marking a significant step in developing an Italian supply chain for NUWARD SMR.
- FANC (Belgium)coreBelgian Federal Agency for Nuclear Control joined Phase 3 of Joint Early Review in January 2026, accompanied by its technical support organization Bel V.
- ISIN (Italy)coreItalian National Inspectorate for Nuclear Safety joined Phase 3 of Joint Early Review in January 2026 as an observer.
- Maire and NextchemcoreNUWARD signed agreement with Maire (through its subsidiary Nextchem) for industrial applications and technology collaboration related to SMR deployment.
- European Industrial Alliance on Small Modular ReactorscoreEstablished by the European Commission in 2024, EDF and NUWARD are active members. NUWARD SMR is among 9 designs selected out of 28 applications and benefits from a dedicated working group. NUWARD participates in all technical working groups including Supply Chain, industrial applications, and financing.
- SSM (Sweden)coreSwedish radiation safety authority joined Phase 2 of Joint Early Review in December 2023 as part of the expanded group of six European regulators.
- PAA (Poland)corePolish atomic energy agency joined Phase 2 of Joint Early Review in December 2023 as part of the expanded group of six European regulators.
- ANVS (Netherlands)coreDutch authority for Nuclear Safety and Radiation Protection joined Phase 2 of Joint Early Review in December 2023 as part of the expanded group of six European regulators.
- TractebelcoreStrategic partnership in Small Modular Reactors domain, reinforcing collaboration in SMR development and engineering.
- EdisoncoreItalian energy company. EDF signed letter of intent with Edison and Ansaldo in March 2023 for new nuclear development in Europe. Edison joined INAB in December 2025 and NUWARD signed Industrial Declaration of Intent with 8 Italian companies including Edison.
- AnsaldocoreItalian industrial group (Ansalado Energia and Ansaldo Nucleare). EDF signed letter of intent with Edison and Ansaldo in March 2023 for new nuclear development in Europe. Collaboration continued through 2024 with EDF, Edison, Ansaldo, and Federacciai working on SMR development in Italy.
- Respect EnergyminorExclusive cooperation agreement for development of NUWARD SMR projects in Poland based on technology.
- FortumminorFramework cooperation agreement for nuclear new build opportunities in Finland and Sweden, exploring NUWARD SMR deployment potential in Nordic markets.
- ASN (France)coreFrench nuclear safety authority (Autorité de Sûreté Nucléaire, now ASNR) leading the Joint Early Review initiative for NUWARD SMR pre-assessment. Part of the multi-regulator collaboration launched in June 2022.
- SUJB (Czech Republic)coreCzech nuclear safety authority participating in Joint Early Review Phase 1, 2, and 3 for NUWARD SMR design pre-assessment.
- STUK (Finland)coreFinnish nuclear safety authority participating in Joint Early Review Phase 1, 2, and 3 for NUWARD SMR design pre-assessment.
- International NUWARD Advisory Board (INAB)coreHigh-level international advisory committee bringing together experts from nuclear industry, academia, and research. Provides strategic advice on potential applications, business models, industrial strategy, licensing processes, and regulatory approaches. Regular meetings since 2021.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
NUWARD competitors and assessment
Company assessmentBroad incumbents
- EDF: NUWARD's parent company and one of the world's largest nuclear operators with a fleet of 56+ reactors in France plus EPR new build. Provides NUWARD with technology, talent, and supply chain, while also being a potential future customer and competitor in the broader nuclear generation market.
- Framatome: French nuclear steam supply system provider and EDF-adjacent supplier, also developing its own SMR concepts and serving as a potential component supplier/integrator for NUWARD's SMR platform.
Direct peers
- X-energy: US SMR developer building the Xe-100 high-temperature gas-cooled reactor with TRISO fuel, targeting industrial process heat and electricity applications. Competes with NUWARD's multi-energy cogeneration positioning.
- GE Hitachi Nuclear Energy: US-Japan joint venture developing the BWRX-300, a ~300 MWe boiling water SMR. Direct competitor in the European SMR market with strong incumbency in BWR fuel cycle and existing utility relationships.
- Rolls-Royce SMR: UK-based SMR developer with a ~470 MWe PWR design targeting UK deployment and international markets. Directly competes with NUWARD in the European SMR market for utility, industrial, and data center customers.
- TerraPower: Bill Gates-backed US SMR developer building the Natrium sodium-cooled fast reactor. Competes with NUWARD for advanced reactor orders globally and targets similar industrial and utility decarbonization applications.
- Holtec International: US company developing the SMR-160 (~160 MWe) and LWR fuel cycle technologies. Competes with NUWARD in the small modular PWR space and is also among the 9 European Industrial Alliance selected designs.
- Westinghouse (AP300 SMR): US-based nuclear technology company developing the AP300, a ~300 MWe Gen III+ PWR SMR. Directly competes with NUWARD's GEN III+ PWR approach and targets similar European and global utility/industrial customers.
Emerging players
- Kairos Power: US advanced reactor developer building the fluoride salt-cooled high-temperature reactor (KP-FHR). Targets industrial process heat and baseload power, partially overlapping with NUWARD's multi-energy industrial use cases.
- Last Energy: US/UK-based SMR developer focused on ~20 MWe microreactors and European data center deployments. Competes with NUWARD for the data center and industrial customer segment but at a smaller reactor scale.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
NUWARD social profiles
Digital presenceNUWARD financial estimates
Financial estimateRevenue estimate
Valuation estimate
NUWARD leadership team
Management profileNumber of profiles
Profiles9 records
NUWARD funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NUWARD M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NUWARD
What does NUWARD do?
NUWARD develops and plans to commercialize the NUWARD Small Modular Reactor (SMR), a modular nuclear power plant based on proven GEN III+ Pressurised Water Reactor technology producing 1,150 MWth thermal output convertible to up to 400 MWe of electricity and 115 MWth of heat. The product is designed for factory prefabrication with a 48-month delivery timeline and supports cogeneration applications including industrial steam, hydrogen production, district heating, and seawater desalination for utilities, industrial clusters, and data centers.
Is NUWARD a public or private company?
NUWARD is a private company. It is classified as corporate owned and is currently operating.
When was NUWARD founded?
NUWARD was founded in 2023.
Where is NUWARD based?
NUWARD is headquartered in Paris, France, in the Europe region.
How does NUWARD make money?
One revenue line is on record: SMR power plant sales and deployment.
Who are NUWARD's main competitors?
Broad incumbents on record are EDF and Framatome. Direct peers are X-energy, GE Hitachi Nuclear Energy, Rolls-Royce SMR, TerraPower, Holtec International and Westinghouse (AP300 SMR). Emerging players are Kairos Power and Last Energy.
Does NUWARD have an API?
No public API is recorded for NUWARD.
What industry is NUWARD in?
NUWARD's product category is Small Modular Reactor (SMR) Nuclear Power Equipment. Its primary akta.pro industry code is EUAKADAA, Small Modular Reactor (SMR) Platforms & Balance-of-Plant Integration, with a secondary code of EUACADAF, Small Modular Reactor (SMR) Power Generation. Its NAICS code is 221113.