INL

Lightbridge Provides Business Update and Announces Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

RESTON, Va,, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the fiscal year ended December 31, 2023, and provided an update on the Company’s continued progress.

Key Points: 
  • RESTON, Va,, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the fiscal year ended December 31, 2023, and provided an update on the Company’s continued progress.
  • Cash provided by financing activities for the year ended December 31, 2023, was $6.2 million, a decrease of $4.7 million, compared to $10.9 million for the year ended December 31, 2022.
  • Stockholders’ equity was $28.9 million at December 31, 2023, as compared to $29.1 million at December 31, 2022.
  • This $0.4 million decrease was due to the GAIN voucher project that was completed in the first quarter of 2023.

Idaho National Laboratory Completes Pre-Conceptual Review of NANO Nuclear Energy’s Proprietary Low-Pressure Coolant Microreactor “ODIN”

Retrieved on: 
Monday, February 5, 2024

NEW YORK, NY, Feb. 05, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. ("NANO Nuclear"), an emerging microreactor and advanced nuclear technology company, led by a world-class nuclear engineering team developing proprietary, portable, and clean energy solutions, announced that Idaho National Laboratory (INL) has completed a pre-conceptual design review of NANO Nuclear’s “ODIN” low-pressure coolant microreactor design.

Key Points: 
  • NEW YORK, NY, Feb. 05, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. ("NANO Nuclear"), an emerging microreactor and advanced nuclear technology company, led by a world-class nuclear engineering team developing proprietary, portable, and clean energy solutions, announced that Idaho National Laboratory (INL) has completed a pre-conceptual design review of NANO Nuclear’s “ODIN” low-pressure coolant microreactor design.
  • The review was requested by NANO Nuclear to provide an external audit of the technical work completed to date on the “ODIN” microreactor.
  • NANO Nuclear expects that INL will perform a similar review of its proprietary “ZEUS” microreactor in February 2024.
  • “Working alongside Idaho National Laboratory and their team of esteemed professionals has been immensely beneficial to NANO Nuclear,” said James Walker, NANO Nuclear Energy’s CEO and Head of Nuclear Reactor Development.

U.S. DOE Approves the Safety Design Strategy for the Oklo Aurora Fuel Fabrication Facility

Retrieved on: 
Wednesday, January 31, 2024

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has announced that the U.S. Department of Energy (DOE) has reviewed and approved the Safety Design Strategy (SDS) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL).

Key Points: 
  • Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has announced that the U.S. Department of Energy (DOE) has reviewed and approved the Safety Design Strategy (SDS) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL).
  • The Aurora Fuel Fabrication Facility is being designed to demonstrate the reuse of recovered nuclear material to support Oklo’s planned commercial advanced fission power plant demonstration at INL.
  • “The SDS approval is a major step towards a DOE approval of the Aurora Fuel Fabrication Facility as we continue towards our goal of producing fuel for our planned Aurora commercial power plant,” said Jacob DeWitte, co-founder and CEO of Oklo.
  • The SDS marks the initial stage in a comprehensive DOE approval process prior to the operation of the Aurora Fuel Fabrication Facility.

Westinghouse Reaches a Key Milestone with Accident-Tolerant Fuel Technology

Retrieved on: 
Thursday, January 25, 2024

Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.

Key Points: 
  • Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.
  • View the full release here: https://www.businesswire.com/news/home/20240125022554/en/
    The shipment of advanced fuel, designed by Westinghouse, arriving at INL following its irradiation in a commercial nuclear power plant.
  • (Photo: Business Wire)
    Designed by Westinghouse, this new fuel technology with enhanced safety features will enable nuclear power plants to extend the generation of electricity from the current 18 months to 24 months, reducing refueling outages while delivering significant cost savings for customers and generating less spent nuclear fuel.
  • Westinghouse is a leading supplier of nuclear fuel, providing a uniquely diversified portfolio in the industry across nuclear reactor types, including PWR, BWR, AGR, and VVER.

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Tuesday, December 19, 2023

DANBURY, Conn., Dec. 19, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its fourth quarter and fiscal year ended October 31, 2023.

Key Points: 
  • Operating expenses for the fourth quarter of fiscal 2023 increased to $34.9 million from $27.5 million in the fourth quarter of fiscal 2022.
  • Research and development expenses increased to $18.0 million during the fourth quarter of fiscal 2023 compared to $12.2 million in the fourth quarter of fiscal 2022.
  • Net loss was $29.5 million in fourth quarter of fiscal 2023, compared to net loss of $42.0 million in the fourth quarter of fiscal 2022.
  • Adjusted EBITDA totaled $(30.8) million in the fourth quarter of fiscal 2023, compared to Adjusted EBITDA of $(36.1) million in the fourth quarter of fiscal 2022.

Argonne and Idaho National Laboratories Partner with CMBlu Energy for Innovative Long-Duration Energy Storage Project

Retrieved on: 
Monday, December 4, 2023

The U.S. Department of Energy’s (DOE) Argonne National Laboratory, along with Idaho National Laboratory (INL), was chosen by the agency for a demonstration project to validate an innovative long-duration energy storage system developed by battery manufacturer CMBlu Energy.

Key Points: 
  • The U.S. Department of Energy’s (DOE) Argonne National Laboratory, along with Idaho National Laboratory (INL), was chosen by the agency for a demonstration project to validate an innovative long-duration energy storage system developed by battery manufacturer CMBlu Energy.
  • The collaborative project aims to improve microgrids in cold climates and make fast charging of electric vehicles more affordable in underserved communities.
  • Over the course of the project, Argonne and INL will deploy and evaluate CMBlu Energy’s Organic SolidFlow™ battery technology.
  • In the Midwest, Argonne researchers plan to demonstrate the effectiveness of CMBlu’s Organic SolidFlow batteries at the lab’s Smart Energy Plaza .

Lineage Cell Therapeutics Reports Third Quarter 2023 Financial Results and Provides Business Update

Retrieved on: 
Thursday, November 9, 2023

Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today reported financial and operating results for the third quarter ended September 30, 2023 and will host a conference call today at 4:30 p.m. Eastern Time to discuss these results and provide a business update.

Key Points: 
  • Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today reported financial and operating results for the third quarter ended September 30, 2023 and will host a conference call today at 4:30 p.m. Eastern Time to discuss these results and provide a business update.
  • “The Lineage team has continued to advance our clinical and preclinical pipeline of differentiated cell transplant programs, supporting our alliances and working to establish new collaborations,” stated Brian M. Culley, Lineage CEO.
  • Interested parties may access today’s conference call and webcast, by dialing (800) 715-9871 from the U.S. and Canada and should request the “Lineage Cell Therapeutics Call”.
  • A live webcast of the conference call will be available online in the Investors section of Lineage’s website.

Idaho National Labs (INL) and US Critical Materials Sign Agreement to Develop New Rare Earth Processing Methods

Retrieved on: 
Monday, December 4, 2023

The need for developing these solutions has become highly significant to the security of the United States given our current dependance on Chinese supply and processing of critical materials.

Key Points: 
  • The need for developing these solutions has become highly significant to the security of the United States given our current dependance on Chinese supply and processing of critical materials.
  • US Critical Materials President, and former USGS rare earth commodities specialist, Jim Hedrick stated," The U.S. has very little commercial rare earths processing.
  • This Research Agreement, and the tech that will be developed will help advance US rare earth processing proficiency."
  • Idaho National Laboratory (INL) is a US DOE National Laboratory engaged in world-leading critical materials research and development.

Sub Rosa Ventures and Cleveland Electric Labs Awarded National Laboratory Technology Licensing Opportunity for Variational Autoencoder for Network Anomaly Detection

Retrieved on: 
Wednesday, November 8, 2023

TWINSBURG, Ohio, Nov. 8, 2023 /PRNewswire/ -- Sub Rosa Ventures (SRV), Cleveland Electric Labs (CEL), and Idaho National Laboratories (INL) have reached an agreement providing SRV exclusive licensing rights to INL's Patent Application No.

Key Points: 
  • TWINSBURG, Ohio, Nov. 8, 2023 /PRNewswire/ -- Sub Rosa Ventures (SRV), Cleveland Electric Labs (CEL), and Idaho National Laboratories (INL) have reached an agreement providing SRV exclusive licensing rights to INL's Patent Application No.
  • BA-1297 Opportunity: Idaho National Laboratory (INL), managed and operated by Battelle Energy Alliance, LLC (BEA), offering the opportunity for SRV to enter into a license and/or collaborative research agreement to commercialize this variational autoencoder for network anomaly detection.
  • "As a small-business leader, I see daily the importance of bringing these types of game-changing capabilities to market on behalf of the National Labs.
  • This capability goes a long way in addressing the many concerns people have in placing their information sharing eggs in one basket."

eVinci™ Microreactor Selected for Department of Energy FEEED Contract

Retrieved on: 
Monday, October 23, 2023

Westinghouse Electric Company today announced its selection by the Department of Energy for a Front-End Engineering and Experiment Design contract to support commercialization of its eVinci™ microreactor.

Key Points: 
  • Westinghouse Electric Company today announced its selection by the Department of Energy for a Front-End Engineering and Experiment Design contract to support commercialization of its eVinci™ microreactor.
  • View the full release here: https://www.businesswire.com/news/home/20231023154163/en/
    The eVinci microreactor builds on decades of Westinghouse innovation to bring carbon-free, safe and scalable energy wherever it is needed for a variety of applications.
  • “The FEEED process will bring three microreactor designs one step closer to reality,” said DOE Assistant Secretary for Nuclear Energy Dr. Kathryn Huff.
  • NRIC’s partnership will be a critical enabler to advance technology readiness and licensing.”
    NRIC is a national Department of Energy program led by Idaho National Laboratory.