TerraPower

Curtiss-Wright Completes Acquisition of WSC, Inc.

Retrieved on: 
Tuesday, April 2, 2024
Maritime, Engineering, Transport, Aerospace, Manufacturing, Energy, Government Technology, Nuclear, Defense, University, WSC, Risk, NRC, ASMR, Curtiss-Wright, TerraPower, Acquisition, Sodium, United States Navy, Nuclear Regulatory Commission, Plant, CW, Power, Navy, Renewable energy

Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.

Key Points: 
  • Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of WSC, Inc. for approximately $34 million in cash.
  • The acquired business will operate within Curtiss-Wright's Naval & Power segment.
  • In addition, generic simulators are used at universities, regulatory agencies, training centers and plants to offer classroom-based training on the operation of nuclear plants under normal and abnormal conditions.
  • WSC, which was founded in 1995 and employs approximately 45 people, maintains operations in Frederick, MD.

Global Small Modular Reactors (SMR) Industry Report 2024: By 2050, the Market is Anticipated to Achieve an Annual Value of $3.9 Trillion

Retrieved on: 
Tuesday, March 19, 2024
Research, Climate change, BWXT, TerraPower, Sodium, Small modular reactor, Nuclear energy, SMR, Safety, Coal, FCM, Silicon, Renewable energy

DUBLIN, March 19, 2024 /PRNewswire/ -- The "Small Modular Reactors (SMR): Market Shares, Strategies, and Forecasts 2024-2050" report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 19, 2024 /PRNewswire/ -- The "Small Modular Reactors (SMR): Market Shares, Strategies, and Forecasts 2024-2050" report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com's offering.
  • Small Modular Reactors (SMRs) present an alluring prospect in the field of nuclear energy by offering the potential for reusing spent nuclear fuel.
  • This process not only contributes to sustainability but also enhances the efficiency of nuclear waste management.
  • Recycling waste fuel not only minimizes waste volume but also reduces the demand for raw materials, presenting economic and environmental advantages.

Photonis Aids in TerraPower's Mission of Low-Cost and Carbon-Free Energy Solutions With Key Components of Operation

Retrieved on: 
Monday, November 27, 2023
TerraPower, Photon, Noetics, Science, Electron, Physics, Void coefficient, MCFR, Electricity, Knowledge, EPRI, Universities Research Reactor, Carbon, Neutron, Idaho National Laboratory, Uranium mining

The MCRE project leverages cutting-edge technology and innovation to enhance the capabilities of nuclear reactors in addressing the critical challenge of carbon reduction.

Key Points: 
  • The MCRE project leverages cutting-edge technology and innovation to enhance the capabilities of nuclear reactors in addressing the critical challenge of carbon reduction.
  • "Thereby, TerraPower's Molten Chloride Fast Reactor (MCFR) project expands the ability of nuclear reactor technology to decarbonize the economy in sectors including and beyond electricity.
  • With its high level of knowledge, Photonis' engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow's clean energy running.
  • This first step not only marks a significant achievement for both Photonis/Exosens and TerraPower, but also signifies a crucial milestone in the global pursuit of cleaner and more sustainable energy solutions.

Mirion Technologies Signs Agreement with TerraPower for Molten Chloride Reactor Experiment

Retrieved on: 
Thursday, November 16, 2023
Research, General Health, Other Energy, Nuclear, Sustainability, Alternative Energy, Energy, Environment, Science, Green Technology, Climate Change, Health, Other Science, TerraPower, NYSE, Climate change, Radiation, Senior, MCFR, MIR, Partnership, Idaho National Laboratory, Growth, Uranium mining, Southern Company

Mirion Technologies (NYSE: MIR), a leading provider of advanced radiation safety solutions, today announced an agreement with nuclear innovation company TerraPower to design and fabricate key components of their Molten Chloride Reactor Experiment (MCRE), the world’s first critical fast-spectrum salt reactor.

Key Points: 
  • Mirion Technologies (NYSE: MIR), a leading provider of advanced radiation safety solutions, today announced an agreement with nuclear innovation company TerraPower to design and fabricate key components of their Molten Chloride Reactor Experiment (MCRE), the world’s first critical fast-spectrum salt reactor.
  • This collaboration reinforces TerraPower and Mirion’s commitment to fostering sustainable, low-carbon energy solutions that address climate change and support a net-zero future.
  • The MCRE will inform the design, licensing and operation of TerraPower’s Molten Chloride Fast Reactor (MCFR) – an innovative reactor technology that could provide low-cost, clean energy at scale.
  • “Throughout the process of bringing the Molten Chloride Fast Reactor to market, we have found that working with a diverse supply chain strengthens our ability to deliver a cutting-edge technology,” said Jeff Latkowski, Senior Vice President for the Molten Chloride Fast Reactor.

Japan and U.S.-based TerraPower expand SFR development partnership to support carbon neutrality efforts

Retrieved on: 
Wednesday, November 1, 2023
JAEA, SFR, TerraPower, Void coefficient, U.S. Department of Energy, Office of Inspector General, Government, Sodium, Memorandum of understanding, Mitsubishi FBR Systems, Carbon, Organization, Clean and Environmentally Safe Advanced Reactor, Japan Atomic Energy Agency, MOU, FR, Mitsubishi Heavy Industries, DOE, MHI, Safety, Nuclear energy, U.S. Department of Defense Strategy for Operating in Cyberspace, Toxicity, Renewable energy, Uranium mining

In January 2022, TerraPower, JAEA and MHI signed a MOU to collaborate on SFR technology development.

Key Points: 
  • In January 2022, TerraPower, JAEA and MHI signed a MOU to collaborate on SFR technology development.
  • In December 2022, the Japanese government revised their Strategic Roadmap for FR development, clarifying that Japan will begin FR concept design in 2024.
  • "We are thrilled to expand our collaboration with JAEA as Japan works to bring advanced nuclear reactors to market," said TerraPower President and CEO Chris Levesque.
  • We would like to contribute to fast reactor development cooperation between the US and Japan by utilizing the technology and experience we have cultivated over many years."

Argonne and industry collaborate to shape nuclear’s future

Retrieved on: 
Friday, October 20, 2023
Science, Public Policy, Government, Other Science, Research, White House, Federal Government, Environment, Energy, Nuclear, U.S. Department of Defense Strategy for Operating in Cyberspace, TerraPower, Westinghouse, Motivation, Carbon, Power plant engineering, Electricity, Maintenance, Argonne National Laboratory, Thermal conductivity, DOE, Safety, Nuclear energy, ARC, Chemistry, Diagnosis, Shine Technologies, Renewable energy, Uranium mining, Lithium, Integral Molten Salt Reactor

At the U.S. Department of Energy’s (DOE) Argonne National Laboratory, nuclear experts are working with industry partners to develop tomorrow’s nuclear power plants.

Key Points: 
  • At the U.S. Department of Energy’s (DOE) Argonne National Laboratory, nuclear experts are working with industry partners to develop tomorrow’s nuclear power plants.
  • Companies such as the ones below work with Argonne and other DOE national laboratories to create a new U.S. nuclear landscape.
  • Argonne partners with ARC Clean Technology to develop a U.S.-based sodium cooled reactor that has a long-lived core with an advanced power conversion system.
  • X-energy engineers work with Argonne to model the Xe-100 reactor design's fuel burnup rate, thermal efficiency, and waste output with increased precision.

LIS Technologies Inc. Recognized as Official Member of the Department of Energy (DOE) High-Assay Low-Enriched Uranium (HALEU) Consortium

Retrieved on: 
Wednesday, October 4, 2023
United States Department of Energy, Partnership, TerraPower, Small modular reactor, Uranium, Research, Environmental policy of the Joe Biden administration, Sodium, Government, HALEU, Inflation, Rolls-Royce SMR, Acquisition, LIS, Knowledge, Inflation Reduction Act of 2022, Isotope, Uranium mining, Renewable energy

Members of the HALEU consortium are expected to play a significant role in the deployment and commercialization of advanced nuclear reactors and related infrastructure in the United States.

Key Points: 
  • Members of the HALEU consortium are expected to play a significant role in the deployment and commercialization of advanced nuclear reactors and related infrastructure in the United States.
  • As part of the Inflation Reduction Act, $700 million has been earmarked to support the development of a domestic supply chain for HALEU.
  • The money must be applied by 2026, underscoring how important domestic uranium enrichment capabilities are to the Biden Administration.
  • Establishing a secure supply of this crucial fuel, both in the short and long term, at a national level, signifies a significant stride towards bolstering energy accessibility and sovereignty.”

Southern Company, TerraPower and CORE POWER begin salt operations of Integrated Effects Test

Retrieved on: 
Tuesday, October 3, 2023
TerraPower, U.S. Department of Defense Strategy for Operating in Cyberspace, Carbon, Electricity, Idaho National Laboratory, EPRI, MCFR, Research, Vanderbilt University, IET, Oak Ridge National Laboratory, CORE, Southern Company Services, Void coefficient, Lithium, Renewable energy, Uranium mining, Southern Company

ATLANTA, Oct. 3, 2023 /PRNewswire/ -- Southern Company, TerraPower and CORE POWER have successfully started pumped-salt operations in the Integrated Effects Test (IET), signifying a major achievement in the development of Generation-IV molten salt reactor technology, namely TerraPower's first-of-a-kind Molten Chloride Fast Reactor (MCFR).

Key Points: 
  • ATLANTA, Oct. 3, 2023 /PRNewswire/ -- Southern Company, TerraPower and CORE POWER have successfully started pumped-salt operations in the Integrated Effects Test (IET), signifying a major achievement in the development of Generation-IV molten salt reactor technology, namely TerraPower's first-of-a-kind Molten Chloride Fast Reactor (MCFR).
  • "It's exciting to see each new landmark in the Integrated Effects Test, as it helps our nation rebuild lost molten salt reactor knowledge."
  • Chloride salt has now been loaded into the primary coolant salt loops and pumped-salt operations have begun.
  • A multi-month test campaign will provide valuable salt operations data and know-how for the MCFR program.

MHI Selected as Core Company in Charge of Design and Development of Government-Promoted Demonstration Fast Reactor

Retrieved on: 
Wednesday, July 12, 2023
Conceptual, Partnership, TerraPower, JAEA, GX, Generation, Policy, Research, Tsuruga, Fukui, Japan Atomic Energy Agency, Joyo, Government, Cabinet, Nuclear energy, MHI, R, Ōarai, Ibaraki, Mitsubishi FBR Systems, Uranium mining, Fukushima Daiichi Nuclear Power Plant

Will Undertake Conceptual Design and R&D of Sodium Fast Reactor, Toward Operation in 2040s

Key Points: 
  • Will Undertake Conceptual Design and R&D of Sodium Fast Reactor, Toward Operation in 2040s
    TOKYO, July 12, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has been selected as the core company in charge of the conceptual design of an demonstration fast reactor which the Japanese Government aims to place into operation in the 2040s.
  • MHI will oversee both the conceptual design as well as research and development (R&D) for the sodium-cooled fast reactor in partnership with Mitsubishi FBR Systems, Inc. (MFBR), an MHI Group engineering company that handles the development and design of fast reactors.
  • In 2007, MHI was selected as the core company in charge of a research program which was focused on the practice uses of fast reactors.
  • These activities will enable faster reactor development and the establishment of in-house sodium testing facilities necessary for reactor R&D.

BWXT Awarded an Engineering Contract from TerraPower for the Natrium™ Demonstration Project

Retrieved on: 
Wednesday, August 2, 2023
Other Defense, Contracts, Utilities, Nuclear, Energy, Technology, Defense, Government Technology, Engineering, Aerospace, Other Technology, Manufacturing, Canada, U.S. Department of Energy, Office of Inspector General, TerraPower, U.S. Department of Defense Strategy for Operating in Cyberspace, Electricity, BWXT, Form 10-K, Risk, DOE, Sodium, BWX Technologies, Investment, Security (finance), Annual report, NYSE, Renewable energy, Uranium mining

BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with TerraPower to design the Intermediate Heat Exchanger for the Natrium Demonstration Project.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with TerraPower to design the Intermediate Heat Exchanger for the Natrium Demonstration Project.
  • It transfers heat from the primary sodium in the primary heat transport system to the intermediate heat transport system.
  • Successful design of the Intermediate Heat Exchanger by BWXT Canada Ltd. is key to the planned achievements of the Natrium Demonstration Project’s power generation.
  • BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, design, suitability and impact of the Intermediate Heat Exchanger to be designed by BWXT under the contract with TerraPower.