X-energy and Centrus Energy to Develop Fuel for Advanced Nuclear Reactors
06 Setembro 2017 - 8:30AM
Business Wire
Companies will develop plan for production of
fuel forms based on UCO TRISO
X Energy, LLC (X-energy) and Centrus Energy Corp. (NYSE
American: LEU) have signed a memorandum of understanding to explore
collaboration toward production of fuel for advanced nuclear
reactors, the two companies announced today. X-energy, a pioneering
advanced reactor and fuel company, and Centrus, an experienced
nuclear fuel technology company, will work toward the development
of a fuel fabrication facility. Based on the uranium oxycarbide
(UCO) tristructural isotropic (TRISO) fuel form, this facility
would provide fuel to X-energy reactors and advanced nuclear
reactor companies around the world.
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Dr. Kam Ghaffarian, X-energy chief executive officer stated,
“X-energy is focused on both our high temperature gas-cooled
reactor development and the fuel needed to power our reactors. The
Department of Energy has spent close to $400M in developing and
qualifying the UCO TRISO particle in preparation for advanced
reactor commercialization. X-energy, in partnership with Centrus
and taking advantage of its domestic enrichment experience and
engineering know-how, is anxious to evaluate how we can together
move UCO TRISO into final fuel form production, benefitting many in
the industry.”
“X-energy’s innovative reactor design is a potential
game-changer for America’s nuclear industry,” said Daniel Poneman,
Centrus Energy president and chief executive officer. “Our
technical and engineering teams are eager to help X-energy develop
TRISO fuel for their reactor. We agree that American leadership in
the global nuclear market requires that we develop an end-to-end
domestic capability, from high-assay low-enriched uranium
enrichment through fuel production, for next-generation
reactors.”
Under the MOU, the companies will jointly prepare a deployment
plan for X-energy’s TRISO fuel technology; design a cost-effective,
highly automated fuel manufacturing process line; and seek funding
for a future commercial fuel production facility.
About X-energy
X-energy is an advanced nuclear reactor design and TRISO-based
fuel fabrication company. X-energy is developing an innovative
nuclear power plant design solution. The Xe-100 is a 200MWt (76MWe)
high temperature gas-cooled pebble bed modular reactor that
requires less time to construct, uses factory-produced components,
cannot melt down, and is "walk-away" safe without operator
intervention. In concert with Xe-100 design, X-energy is actively
producing TRISO-based fuel forms and will implement pilot scale
manufacturing capacities starting in 2018. Reactor and fuel
activities are supported by $34M in private investment and a
five-year $53M U.S. Department of Energy Advanced Reactor Concept
Cooperative Agreement award. Twitter: @xenergynuclear; Facebook:
facebook.com/xenergynuclear, www.x-energy.com
About Centrus Energy
Centrus Energy is a trusted supplier of enriched uranium fuel
for commercial nuclear power plants in the United States and around
the world. With world-class technical and engineering capabilities,
Centrus is advancing the next generation of centrifuge technologies
so that America can restore its domestic uranium enrichment
capability in the future.
Since 1998, the company has provided our utility customers with
more than 1,750 reactor years of fuel, which is equivalent to 7
billion tons of coal. We provide value to our utility customers
through the reliability and diversity of our supply sources –
helping them meet the growing need for clean, affordable,
carbon-free electricity.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “will”,
“should”, “could”, “would” or “may” and other words of similar
meaning. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For Centrus Energy
Corp., particular risks and uncertainties that could cause our
actual future results to differ materially from those expressed in
our forward-looking statements include, the continued impact of the
March 2011 earthquake and tsunami in Japan on the nuclear industry
and on our business, results of operations and prospects; the
impact and potential extended duration of the current supply/demand
imbalance in the market for low-enriched uranium (“LEU”); pricing
trends and demand in the uranium and enrichment markets and their
impact on our profitability; the impact of government regulation
including by the U.S. Department of Energy and the U.S. Nuclear
Regulatory Commission; uncertainty regarding our ability to
commercially deploy competitive enrichment technology; changes in
the nuclear energy industry; and other risks and uncertainties
discussed in our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the fiscal
year ended December 31, 2016 and subsequent Quarterly Reports on
Form 10-Q, which are available on our website at
www.centrusenergy.com. We do not undertake to update our
forward-looking statements except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170906005926/en/
X-energyMelanie White Lyons,
301-363-2839mlyons@x-energy.comorCentrusJeremy Derryberry,
301-564-3392derryj@centrusenergy.com
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