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Palisades nuclear plant may land up to $300M in state funds for restart bid
https://www.mlive.com/public-interest/2023/04/palisades-nuclear-plant-may-land-up-to-300m-in-state-funds-for-restart-bid.html
Monticello nuclear plant tritium leak
https://www.mprnews.org/story/2023/03/22/what-we-know-about-the-monticello-nuclear-plant-radioactive-tritium-leak
I wouldn't compare this tritium leak to devastating toxic railroad accidents.
That would be like comparing apples to oranges.
The actual amount of leaked tritium at Monticello isn't even close to be considered a serious health concern.
Additionally, Tritium has a half-life of about 12 years. And that's it.
On the other hand...
Chemical spills contaminating our freshwater supplies and oceans with "Forever Chemicals" (Camp Lejeune, DuPont PFAS, Norfolk Southern etc.) are far, far worse.
These cancer causing chemicals basically stay "forever"
You can't even eat deep sea fish anymore without concerns of getting mercury poisoned.
The newest "electric car" hype is just another nail in our coffins.
Most people don't get it... or simply don't give a f**k.
Are we trying to save humanity or our way of life?
That's the main question we should ask ourselves.
Welcome to the "Planet of the Humans"
Cheers!
This article appeared in a nearby Illinois newspaper about a leak at a nuclear plant in Minnesota. It was the second leak in the same spot. That's a bad way to start and finish a story.
https://www.news-gazette.com/news/nation-world/radioactive-water-leaks-at-minn-nuclear-plant-for-2nd-time/article_1e798622-7167-5f0d-a1bd-46b6b10d5c45.html
This article shows the maddening facts: the old plants with their genuinely scary problems need to be replaced with the new, less scary HALEU fuels. The fact that our incompetent politicians can't figure out the obvious is a fraudulent game of three-card monty, similar to the old shell game. In the end, it's a game they're playing with people's lives. Like the disgraceful no show when Norfolk Railway exploded millions of gallons of chemicals into the air of a small Ohio town, destroying it for a generation or two. And nobody cared.
This F'ers aren't going to give it up even though the safer fuels seem to be available and ready to go. And if a large spill occurs before HALEU takes hold, larger and more dangerous than the one above, the risk is setting back all nuclear work for years if not decades.
It makes me wonder if there are any adults in the room or are they all just blank-eyed suits who really don't care about the new version of this industry.
Hot functional testing begins at Vogtle 4
https://www.world-nuclear-news.org/Articles/Hot-functional-testing-begins-at-Vogtle-4
Georgia Power has announced that the last series of major tests ahead of initial fuel load is under way at the second new nuclear unit at the site near Waynesboro, Georgia.
Vogtle 4 pictured in February (Image: Georgia Power)
Hot functional testing verifies the successful operation of reactor components and systems together and confirms the reactor is ready for fuel load.
Tests are carried out under the temperatures and pressures that the reactor systems will be subjected to during normal operation, but without nuclear fuel inside the reactor. Heat generated by the unit's four reactor coolant pumps will be used to raise the temperature and pressure of plant systems to normal operating levels, Georgia Power said. Once these are achieved and sustained, the unit's main turbine will be raised to normal operating speed using steam from the plant. During the series of tests, nuclear operators will be able to exercise and validate procedures as required ahead of fuel load.
Construction of Vogtle 4 - the second of two Westinghouse AP1000 units at the Vogtle site, already home to two operating pressurised water reactors - began in November 2013. Timelines issued by the company earlier this year have suggested that fuel loading is envisaged in June, and the company says it is projected to enter service in "late fourth quarter 2023 or first quarter 2024".
Vogtle unit 3 reached first criticality earlier this month.
Southern Nuclear will operate the new units on behalf of co-owners Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities.
Congrats on finding Haleu. I bet he was alongside Waldo, both of them fading into background.
I read down a couple of rabbit holes and found the word zirconium, so I thought Lighbridge might be nearby. But nope. Not a trace. Does it seem odd that Lightbridge is so important to this process and yet getd almost zero notice?
Now, I don't care all that much if Lightbridge gets named, but I would like to know that each time a zirconium bar, pellet or algorithm is plugged in a patent payment twinkles somewhere on a Ligbtbridge spreadsheet.
The years of dangling planetary patents before us now need to resemble chimes which go Ka'ching.
If not, has this all just been a fairy tale?
US microreactor company sets up HALEU subsidiary
https://www.world-nuclear-news.org/Articles/US-micro-reactor-company-sets-up-HALEU-subsidiary
Days after raising USD4.14 million towards research and development of its ZEUS portable advanced nuclear microreactor, NANO Nuclear Energy Inc has formed a subsidiary to develop, improve, and accelerate domestic US production of high-assay low enriched uranium (HALEU).
The ZEUS microreactor is designed to fit inside a standard shipping container (Image: NANO Nuclear Energy)
HALEU Energy Fuel Inc. "will focus on the future development of a domestic HALEU fuel fabrication pipeline for the broader advanced nuclear reactor industry, a national laboratory fuel supply, and providing fabricated fuels for research purposes" as well as playing a crucial role in powering the ZEUS reactor, the company said.
NANO Nuclear Energy CEO James Walker said the company had come to understand the "unique importance" of HALEU fuel in the development and propagation of advanced nuclear reactors both for the company and for national nuclear technology development. "As such, we saw the opportunity to create a domestic fuel producer and distributor, and at the same time become a truly vertically integrated nuclear energy company," he said.
New York-based NANO says it is "looking to disrupt the SMR space" by "building smaller, cheaper, and safer nuclear energy". The ZEUS portable microreactor, currently in development, features a fully solid core, removing heat through thermal conduction without the need for coolant and pumps. It is designed to fit inside a standard ISO shipping container, taking advantage of existing transportation infrastructure, and the modular reactor will be able to connect with local power grids or power systems, the company says. The company said that "former senior freight and logistics executives" were the leading investors in the oversubscribed USD4.14 million funding round which closed on 13 February.
NANO was set up by entrepreneur Jay Jiang Yu who became the company's first chairman and president in April 2022. "When I was first inspired to form NANO Nuclear, I could not envision the momentum that we have witnessed in this past year," he said. "Now, we are on our way to becoming a truly vertically-integrated company."
USA, Indonesia announce partnership on SMRs
https://www.world-nuclear-news.org/Articles/USA,-Indonesia-announce-partnership-on-SMRs
The USA and Indonesia have announced a strategic partnership to help Indonesia develop its nuclear energy programme, supporting Indonesia's interest in deploying small modular reactor (SMR) technology to meet its energy security and climate goals.
The signing of the agreement (Image: US Embassy in Jakarta)
A Memorandum of Agreement, as well as affiliated grants and contracts, was signed during the Indo-Pacific Business Dialogue in Bali, Indonesia. The agreement advances the goals of the Just Energy Transition Partnership (JETP) and will strengthen Indonesia's leadership in the ASEAN region on the deployment of advanced, safe and secure nuclear energy technologies, working toward the goal of net-zero emissions in Indonesia by 2060.
Under the agreement, the US Trade and Development Agency (USTDA) has awarded a grant to PLN Indonesia Power to provide assistance to assess the technical and economic viability of a proposed nuclear power plant, to be located in West Kalimantan. It will include a site selection plan, power plant and interconnection system design, preliminary environmental and social impact assessment, risk assessment, cost estimate and regulatory review.
Indonesia Power selected NuScale Power to carry out the assistance in partnership with a subsidiary of Fluor Corporation and Japan's JGC Corporation. The proposed 462 MWe facility would utilise NuScale's SMR technology.
In addition, cooperation will include USD1 million in new funding for capacity-building for Indonesia, building on its existing partnership under the US Department of State Foundational Infrastructure for the Responsible Use of SMR Technology (FIRST) Program. This includes support in areas such as workforce development, stakeholder engagement, regulations and licensing.
So, Vogtle 3 and Nine Mile Point are opening new, or rebuilt, non-HALEU fuled nuclear plants in US.
Do I understand this right?
WTF: the nuclear industry must be in F'ed-up shape to open new plants without using the safest fuel possible.
Somebody should write a take-no-prisoner's report regarding HALEU vs the industry.
If the industry itself is not standing up for and pushing the safety aspects of HALEU, then there is something shaky about what is being said about it.
Can anybody explain opening a non-HALEU plant?
Constellation starts hydrogen production at Nine Mile Point
https://www.ans.org/news/article-4810/constellation-starts-hydrogen-production-at-nine-mile-point/
A nuclear-powered hydrogen production facility has commenced operation at Constellation Energy’s Nine Mile Point plant, the company announced this week. The facility is the first of its kind in the United States to generate hydrogen using nuclear power, courtesy of the New York plant’s two boiling water reactors, the 620-MWe Unit 1 and 1,287-MWe Unit 2.
The milestone is part of a $14.5 million cost-shared project between Constellation and the Department of Energy—with $5.8 million coming from the DOE—aimed at demonstrating how nuclear plants can help lower the cost and scale up clean hydrogen production. (Other nuclear plant owners working with the DOE on hydrogen production projects include Energy Harbor, at Davis-Besse; Xcel Energy, at Prairie Island; and Arizona Public Service, at Palo Verde.)
The hydrogen generation system at Nine Mile Point. (Photo: Constellation Energy)
Using 1.25 MW of zero-carbon energy per hour, the Nine Mile Point hydrogen generation system’s proton exchange membrane electrolyzer, manufactured by Nel Hydrogen, produces 560 kg of clean hydrogen per day, more than enough to meet the plant’s operation hydrogen use, Constellation said, also noting that the system helps set the stage for potential large-scale deployments at other clean energy centers in the company’s fleet that would couple clean hydrogen production with storage and other on-site uses.
In addition, according to the announcement, Constellation is working with public and private entities to pursue development of regional hydrogen production and distribution hubs and has committed to investing $900 million through 2025 for commercial hydrogen production using nuclear power. This includes participation in the Midwest Alliance for Clean Hydrogen, Northeast Clean Hydrogen Hub, and Mid-Atlantic Hydrogen Hub, all of which are exploring projects to develop hydrogen infrastructure in collaboration with the DOE, the company said.
High on hydrogen: “Hydrogen will be an indispensable tool in solving the climate crisis, and Nine Mile Point is going to show the world that nuclear power is the most efficient and cost-effective way to make it from a carbon-free resource,” declared Joe Dominguez, Constellation’s president and chief executive officer. “In partnership with DOE and others, we see this technology creating a pathway to decarbonizing industries that remain heavily reliant on fossil fuels, while creating clean energy jobs and strengthening domestic energy security.”
Kathryn Huff, head of the DOE’s Office of Nuclear Energy, said, “This accomplishment tangibly demonstrates that our nation’s existing reactor fleet can produce clean hydrogen today. DOE is proud to support cost-shared projects like this to deliver affordable clean hydrogen. The investments we’re starting to make now through the bipartisan infrastructure law and Inflation Reduction Act will even further expand the hydrogen market to create new economic and environmental benefits for nuclear energy.”
Vogtle 3 reaches first criticality
https://www.world-nuclear-news.org/Articles/Vogtle-3-reaches-first-criticitality
Initial criticality means that the nuclear fission reaction in the reactor is now self-sustaining, meaning the reactor can begin producing heat that will be used to make steam to produce electricity.
The reactor's power output will now be raised to prepare it for synchronisation to the electric grid, and the start of electricity generation. Operators will then take the unit through a gradual power increase until it reaches its full power output. Tests to ensure all systems are operating together and to validate operating procedures will be carried out throughout the start-up process before the unit is declared to be in commercial operation. Georgia Power currently projects an in-service date for Vogtle 3 in May or June.
Two Westinghouse AP1000 units are being built at the Vogtle site near Waynesboro in Georgia, which is already home to two operating pressurised water reactors. Georgia Power President and CEO Chris Womack said the company remains focused on bringing the unit online safely. Initial criticality is one of the final steps in the startup process and has required "tremendous diligence and attention to detail" from the teams involved, he said.
"When you consider the history of safe and reliable operations at Vogtle Units 1 and 2 for decades now, it puts today’s milestone in perspective that Plant Vogtle will be a four-unit site making it the largest of its kind in the US. This is a truly exciting time as we prepare to bring online a new nuclear unit that will serve our state with clean and emission-free energy for the next 60 to 80 years," he said.
The last reactor to start up in the USA before Vogtle 3 was Watts Bar unit 2, in 2016. Construction of that reactor began in 1973 and was suspended in 1985 before work resumed in 2007.
Construction of the two AP1000s - so-called Generation III+ reactors with fully passive safety systems and a modular construction design - began at Vogtle in 2013, with work starting on unit 3 in March and unit 4 in November of that year. Southern Nuclear and Georgia Power, both subsidiaries of Southern Company, took over management of the construction project in 2017 following Westinghouse's Chapter 11 bankruptcy. A strategic partnership of Cameco Corporation and Brookfield Renewable Partners is currently in the process of acquiring Westinghouse in a transaction expected to close before the end of this year.
"We are honoured to share this incredible moment with Southern Nuclear, Georgia Power and the project's co-owners, and with the entire team at Vogtle," Westinghouse President and CEO Patrick Fragman said. "This is a significant step toward delivering clean, reliable and safe power to the people of Georgia for generations to come."
The units are co-owned by Georgia Power, Oglethorpe Power, MEAG Power and Dalton Utilities, and will be operated by Southern Nuclear. Unit 4 is currently expected to enter service before the end of the first quarter of 2024.
Four AP1000 units are in operation in China with four more under construction, and two more planned. The design has also selected by Poland for its nuclear energy programme and is being considered for deployment in countries including Bulgaria and Ukraine.
"Vogtle 3 will soon be supplying clean electricity to millions of people in Georgia," World Nuclear Association Director General Sama Bilbao y León commented. "Congratulations to all those who have worked so hard to deliver this project. Now, the pace of new nuclear construction must accelerate globally to meet decarbonisation goals and ensure energy security."
The Real Obstacle to Nuclear Power
It’s not environmentalists—it’s the nuclear-power industry itself.
https://www.theatlantic.com/magazine/archive/2023/03/climate-change-nuclear-power-safety-radioactive-waste/672776/
Carbon-Free Energy: Nuclear Waste
Why Nuclear Waste May Be An Overlooked Climate Solution[
https://www.huffpost.com/entry/nuclear-waste-solution_n_63dd62f3e4b01e928871180a
Oklo Prepares for the Deployment of its Commercial-Scale Fuel Recycling Facility
https://www.businesswire.com/news/home/20230125005319/en/Oklo-Prepares-for-the-Deployment-of-its-Commercial-Scale-Fuel-Recycling-Facility-with-the-Submission-of-its-Licensing-Project-Plan
Taiwan has too many variables. The article goes through many and none of them are simple.
Taiwan has a struggle over nuclear, as does other countries.
Taiwan voted to disband nuclear years ago and leaders are simply following through.
On other hand, it doesn't make much sense to buy and re-open with the old, pre-haleu tech and fuel.
Why not wait? Once the new, safer fuel begins showing research proving safer progress, all conversations become easier.
Fear is unlikely to lessen until the waste and safer fuel issues are tamed.
Taiwan is also too smart to get ahead of the currently mad world. We need Haleu to find it's voice and that is still non-existing.
And perhaps most of all, IMHO, Taiwan isn't returning to nuclear until the Ukraine situation lessens. Then maybe China slows their world plans.
Taiwan Is Retreating From Nuclear Energy
At What Cost?
https://www.huffpost.com/entry/taiwan-nuclear-power-plants_n_63d2e635e4b01a43638cc6b1
Why the Fusion Breakthrough Matters
A tiny amount of energy but a very big deal.
https://www.thebulwark.com/heres-why-the-fusion-breakthrough-decades-in-the-making-matters/
Fusion seems to also have a fuel problem. Not sure LTBR can adapt. In this article it speaks of 2035 when fusion might be ready. Hopefully, during that time, LTBR has a few good years.
https://www.science.org/content/article/fusion-power-may-run-fuel-even-gets-started
Nuclear Fusion Energy Breakthrough
A major breakthrough in nuclear fusion by researchers at the Lawrence Livermore National Laboratory (LLNL) in California will be announced by Energy Secretary Jennifer Granholm today at 10 a.m. ET.
Watch Live Online: https://www.energy.gov/livestream
https://www.msn.com/en-us/news/technology/nuclear-fusion-energy-breakthrough-watch-llnl-announcement-live-online/ar-AA15dEYn
Good article. Charen is a level-headed interviewer.
Smaller, Safer Nuclear Power
And the role they could play in the energy economy.
by Ted Nordhaus August 16, 2022
https://www.thebulwark.com/smaller-safer-nuclear-power/
Crypto and Twitter Are Imploding at the Same Time and It Is Glorious
Christmas came early.
https://thetriad.thebulwark.com/p/crypto-and-twitter-are-imploding
"Three great forces rule the world: stupidity, fear and greed." (Albert Einstein)
Cleaning up delusions...
Quote:
"Kevin O'Leary says bitcoin mining needs to move to nuclear power in order to clean up the delusion of carbon credits."
Oh well...
O'Leary would be better off to read some books about economics and clean up his delusions about "cryptocurrencies"... which in reality aren't currencies at all and nothing but a worthless pile of "smoke & mirrors." Only a delusional fool would invest in such garbage. And besides that... why would we want to waste nuclear power to create literally "nothing"??? Amazing stupidity.
But it is as they say: "There's a new sucker born every day"
https://www.theatlantic.com/technology/archive/2022/11/sam-bankman-fried-bankruptcy-crypto-ftx/672104/
Stupidity simply never dies...
https://www.history.com/news/tulip-mania-financial-crash-holland
Good luck!
Biden-Harris Administration Announces $150 Million To Improve Nuclear Research and Development Infrastructure at Idaho National Laboratory
October 25, 2022
Investments from President Biden’s Inflation Reduction Act Will Support and Advance Next-Generation Nuclear Fuels and Reactor Technologies Critical to Achieving America’s Climate Goals
WASHINGTON, D.C. — The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced $150 million in funding provided by President Biden’s Inflation Reduction Act for infrastructure improvements at DOE’s Idaho National Laboratory (INL) to enhance nuclear energy research and development. The funding will support nearly a dozen projects at INL’s Advanced Test Reactor (ATR) and Materials Fuels Complex (MFC), both of which have been operational for more than 50 years and serve an instrumental role in advancing nuclear technologies for federal agencies, industry, and international partnerships. Nuclear energy generates nearly a fifth of America’s electricity?and accounting for half of all domestic clean energy generation, making it a critical tool to reaching President Biden’s goal of 100% clean electricity by 2035.
Full article: https://www.energy.gov/articles/biden-harris-...evelopment
I understand your point completely.
I have been investing in penny stocks for over 50 years. Usually, when I discover that a reverse split is coming I immediately dump my position. The stock nearly always dips following the split, and then I buy it back and achieve a lower cost basis.
But in this case I want to hold for Long Term for a really big gain. So I think I might buy some PUT options to make a few bucks on the down side. Throughout this year I have been selling covered CALL options that have all expired in my favor. So I am used to playing the options and acquiring more shares on the dips.
Of course, the measure might not pass if it does not get the votes. Apparently the insiders do not own enough shares to get it passed on their own. I guess it could go either way.
Actually, I am way more focused on the changing weather patterns, the increasing cost of energy, and the overall worldwide problem, etc. I am less focused on this one stock. In my opinion, Lightbridge is a piece of the larger puzzle, and I think they are very well positioned to be a gigantic success story.
Always do your own Due Diligence.
Going_4_it wrote,, "... if they are going to be successful then they are going to need a lot more shares to sustain the growth."
Yes, I agree. More shares are needed. I bought under $10, thinking it was good. But only a few years ago they survived by doing a 1 for 10 reverse split, making total shares just under 4 mil. And I held, believing the company had it right.
The company survived partly because people held.
Yes, the company needs more shares. They could get more shares if they would reverse the reverse split by doing a 10 for 1.
That would make the shareholders who held whole. And provide many available shares to raise funds . But they're not doing that. It's a disappointing sleazeball move.
I believe in the company. But this remains a disappointing move.
I would not be owning this stock if I didn't believe Lightbridge is going to be a huge success. And in my opinion it is just a matter of time before the stock breaks out.
So, if they are going to be successful then they are going to need a lot more shares to sustain the growth. I have been trading in this stock for years so I know it well. Up until last year the float was about 4 million shares. Then earlier this year they increased it to about 11 million. And as a result the share price has suffered.
So up to now, in consideration of the potential for growth, the number of outstanding shares has been minuscule. Anything under v$10 a share is considered to be a "penny stock". The future growth scenario I am suggesting is why the number of shares must be increased and soon. Right now is when this should happen.
And what will future growth look like?
The Lightbridge fuel rods are intended to retrofit LWR (Light Water Reactors) and to be used in the future SMR (Small Modular Reactors) that will come to market over the next few years.
Currently, there are about 99 LWR in the US fleet, and 3 under construction. The total world wide fleet is about 359 reactors in current operation. Each one of these reactors is a candidate for use of Lightbridge fuel.
About 3 or 4 years ago Lightbridge put on a audio conference available on the net. The CFO spoke and said that the company would eventually offer the fuel rods on a royalty basis in order to share in the abundant extra profit that the power companies would receive for using these fuel rods. And that each installation would generate about $10 million in royalties per reactor per refueling cycle to Lightbridge. So you can do the math; given the number of LWR worldwide the financial potential for income could be several billion dollars per year.
I am only relating what I heard in the audio conference. I don't recall any of the details, date and names, etc. And I have never seen any written transcript of that conference. And I have no idea if the company has changed plans or scenario of how to benefit from the future sales, etc. But it did give me a lot of "food for thought" and has sustained my investment here for years.
Some who read my post may think that I am deliberately hyping or pumping this stock. All I can say is that I have been a shareholder for a long time. Because you either believe in nuclear energy or you don't. Carbon neutral wind and solar energy are great, but the two together can not possibly meet the growing energy demands of our country, let alone the world. Until fusion energy arrives, in about 30 years, nuclear will be the only viable alternative. And it can be done safely if better designed fuel rods are used.
In conclusion I would like to add that the Lightbridge fuel rods are currently being tested in the National Test Reactor in Idaho. I must assume that at some point the fuel rods will be certified for use in grid connected reactors. All Lightbridge needs is just one sale and the stock will take off. This is total W.A.G. on my part but I am predicting $40/share by the end of 2023. Please do your own due diligence.
So this current proxy vote is asking current shareholders to dilute themselves.
The honorable thing would be to support/reward the shareholders who took the risk and held through the last few years. This would mean reversing the 1 for 10 reverse split by doing a 10 for 1 split, giving us back our original number of shares as the price rises.
Diluting the stock, as they have slowly done, and now adding more dilution without recognizing the shareholders who held is, basically, punishing good behavior.
Be better LTBR. Give us this one.
Zelenskiy Offers to Share Nuclear Power With Europe Amid Energy Crisis
Inflation Reduction Act - That's not what I'd call it but pinch your nose and take a look. Hidden within on pages 305-311 it looks to me like nuclear energy is given the same incentives as solar and wind: 0.3 cents per kilowatt hour. Gaining some quiet respect.
https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_of_2022.pdf
That was a very good interview by Seth Grae. Thanks for posting it. It is, perhaps, the most coherent discussion I've heard in a public forum. Also, the Ameritrade interviewer asked knowledgeable questions. Grae even said the words: High-Assay, Low-Enriched Uranium.
Grae also spoke of LTBR fuel working in a Nuscale small reactor. That would be a game changer, too. If LTBR successfully fuels the small reactors, then the large, dinosaur-reactors will begin to fall like dominoes. And within a span of time, likely a decade or more, safe nuclear power will be powering all the electric vehicles and bitcoin miners :)
Interview on the TD Ameritrade Network - July 29, 2022
Here's recent article about Nuscale and their small modular reactor:
https://www.popularmechanics.com/science/energy/a40787934/nuscale-small-modular-reactor-design-approved/
The small reactors are getting the publicity. This article doesn't mention LTBR, but clearly states the viability of small over large.
This makes sense as the fear of nuclear involves massively large and complex reactors while Nuscale speaks of their small and manageable reactors. The article even mentions plug in and play, if a second reactor is needed.
Such talk flies in the face of LTBR as its thesis is about refitting the old, massive, scary and complex plants.
LTBR needs a narrative to help the public reframe their understanding. The old nuke plants with their old tech and massive buildings needs a bridge to a new understanding.
Perhaps Nuscale is the Trojan horse, proving how the new nuclear is HALEU and safe, thereby allowing LTBR to come through the same door with their plan to forever revamp the old, scary and existing nuclear sites.
And then LTBR arrives--with its drawer full of patents--covering LTBR tech and fuel to change nuclear plants worldwide. In this transition, nuclear power and fuel is transformed from boogeyman to being the world' greenest energy souce.
Now that's poetry. Let's hope LTBR can do it without much more dulution .
Another patent in the belt. LTBR seems to be hoping that any sale anywhere of HALEU fuel will trigger a patent payment for Lightbridge.
If only...
https://www.ltbridge.com/news-media/press-releases/detail/363/lightbridge-receives-notice-of-allowance-on-key-patent-from
Kevin O'Leary says bitcoin mining needs to move to nuclear power in order to clean up the delusion of carbon credits.
I watch this YouTube news channel, Breaking Points. Yesterday, they had on a proponent for a Nuclear Green New Deal. Interesting discussion, no pulled punches. This show is often ahead of the curve as to what reaches mainstream news. So, this may be a good sign.
SMR company NuScale pivots from development to delivery - 20 June 2022
"NuScale Power has announced it is making a strategic shift from product development to product delivery as commercialisation of its VOYGR small modular reactor (SMR) power plants approaches."
"...a six-unit VOYGR plant which is to be built at a site at Idaho National Laboratory - plus "landmark customer engagements" in Poland and Romania ..."
https://www.world-nuclear-news.org/Articles/SMR-company-pivots-from-development-to-delivery
This press release fits nicely with the recent CEO Seth Grae interview. He mentioned that Lightbridge fuel rods will be tested at Idaho National Lab, and that there is increased interest from Eastern Europe nations, etc.
Although no one has actually said so,,, What do you want to bet that the Lightbridge fuel rods will actually be tested in the NuScale Power VOYGR SMRs for early delivery in Idaho, etc.?
All the pieces are falling into place here... I am thinking this will be a $40 share price in 2024, if not sooner.
Lightbridge CEO Seth Grae Scheduled to Appear on the TD Ameritrade Network Today (6/14) at 4:10 PM ET 8:00 AM ET 6/14/22 | GlobeNewswire
RESTON, Va., June 14, 2022 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced today that its President and CEO Seth Grae is scheduled to appear on the TD Ameritrade Network today at 4:10 PM ET. To watch the appearance, go to: https://tdameritradenetwork.com/.
Mr. Grae will join "Market on Close" hosted by Oliver Renick, the lead anchor at TD Ameritrade Network. Mr. Grae will discuss how nuclear power can help combat rising gas prices and food shortages, and what makes Lightbridge Fuel(TM) an attractive option for the nuclear industry.
With the world-wide trend of energy shortage and the increasing climate problems, it seems to me that this company should get at least one sale of their innovative fuel rods sometime in the near future. Just speculation on my part, connecting the dots. There could be a tremendous upside to the stock price.
A couple of years ago in an investors call it was estimated that Lightbridge would earn up to $10M per reactor upgrade, in a kind of revenue sharing arrangement based on cost saving. The rods are supposed to produce about 30% more power and do it more safely, while lengthening the refueling cycle by a couple of years. The resulting cost saving to the plant owner is about $30M per fuel cycle.
And there are over 100 reactors in the US. So if something breaks to the good then this is going to be a big money maker and grow real fast. At this point all we can do is hope. For me this stock has always been a kind of hidden gem and I have owned it for at least a decade and I still believe in the prospects going forward.
As the old Monty Python saying goes: "Expect the Unexpected".
Energy Outlook
https://www.eia.gov/outlooks/steo/report/electricity.php
https://www.eia.gov/outlooks/steo/images/Fig34.png
https://tradingeconomics.com/commodities
Natural gas
$1.86 in April of 2020
$9.28 in June of 2022
Actually, the posted article is also a video running on CNBC:
I was watching this video and realized it was current, not old. So, I was going to post it but you beat me to it. Nice job.
Article: Working in the Diablo Canyon reactor control room turned this mom into a nuclear advocate
https://www.cnbc.com/2022/06/07/the-diablo-canyon-control-room-turned-this-mom-into-a-nuclear-advocate.html
Notice of Allowance from the Eurasian Patent Office for its CANDU-type nuclear fuel assembly design.
May 05, 2022
https://www.ltbridge.com/news-media/press-releases/detail/357/lightbridge-receives-notice-of-allowance-on-new-patent-from
RESTON, Va., May 05, 2022 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Eurasian Patent Office for its CANDU-type nuclear fuel assembly design. Specifically, this is a divisional patent of the 2015 PCT application relating to a CANDU-type fuel assembly having a mixed grid pattern.
According to the World Nuclear Association, there are 47 CANDU-type pressurized heavy water reactors in use around the world.
Seth Grae, President and Chief Executive Officer of Lightbridge Corporation, commented, “Today’s Notice of Allowance further expands our intellectual property portfolio in Eurasia, a potential target market for Lightbridge Fuel™, which is designed to enhance the operating safety and efficiency of existing reactors, including CANDU-type pressurized heavy water reactors, as well as water-cooled small modular reactors that are being developed.”
California promised to close its last nuclear plant. Now Newsom is reconsidering
https://www.latimes.com/environment/story/2022-04-29/california-promised-to-close-its-last-nuclear-plant-now-newsom-is-reconsidering
We Went Inside the Largest Nuclear Fusion Reactor
HALEU gets an article. No mention of LTBR.
https://x-energy.com/media/news-releases/x-energy-triso-x-selects-oak-ridge-horizon-center-for-first-commercial-advanced-reactor-fuel-fabrication-facility-in-north-america
X-Energy seems to use pellet fuel, not rods as does LTBR. I assume this will be a competition once the differences become clear. Let's hope LTBR gets their name into the news soon.
CNBC segment with Ernest Moniz, the Energy Futures Initiative CEO and former U.S. secretary of energy. The first half is about oil. At marker 3 min. the conversation goes into nuclear.
He says the new plants will be ready by "mid-century."
He also speaks of the already existing nuclear plants needing to be upgraded to modern standards.
While not mentioning LTBR, he speaks to what LTBR is built to do.
Seems important that it was on CNBC:
https://www.cnbc.com/video/2022/03/29/another-potential-source-for-volatility-in-oil-is-waning-russian-oil-demand-says-former-u-s-energy-secretary-moniz.htmle
What happens if Nuscale offers $100 per LTBR share? $500? $1000?
LTBR has $16 mil cash, two full years. The future looks interesting despite the current shitshows on the nightly boxes we watch.
A HALEU safe, mobile reactor within hours from any crisis site in the country, and/or world. Imagine a mash-like unit with medical, food, housing, communications, connectivity, all powered by a trucksized reactor. That will be a game changer.
New Army Mobile Nuclear Reactors
Will the Army have its own mobile nuclear reactors on the battlefield?
https://www.defensenews.com/video/2022/03/07/will-the-army-have-its-own-mobile-nuclear-reactors-on-the-battlefield-miltech/
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Lightbridge Corporation is a nuclear energy pioneer developing proliferation resistant fuel technology and offering integrated advisory services for existing and emerging nuclear programs. The Company's mission is to establish a new standard in global nuclear power generation based on a core philosophy of transparency, non-proliferation, safety and operational excellence.
In 1992 Lightbridge Corporation was formed to develop and deploy nuclear fuel designs developed by Dr. Alvin Radkowsky, one of the founding fathers of the U.S. nuclear industry and one of the industry’s most respected nuclear engineers. Dr. Radkowsky, formerly head of the U.S. Navy Nuclear Propulsion Program, was a key member of the design team that built Shippingport, the world’s first first full-scale commercial nuclear power plant, and supervised more nuclear fuel core designs that were implemented and successfully operated than any other nuclear engineer in the history of the industry. A true pioneer, Dr. Radkowsky also sought to sever the link between nuclear weapons and nuclear power, and he developed thorium-based nuclear designs which would not produce weapons suitable plutonium in nuclear spent fuel.
To help realize Radkowsky's vision, Lightbridge Corporation went to Russia in 1994 and collaborated with nuclear scientists and engineers at the prestigious "Kurchatov Institute" research center. Since the original invention by Dr. Radkowsky, the technology initially underwent extensive scientific development and evaluation, and has now for over four years-been in the engineering development phase, including technology scale-up in a live research reactor. The company is now focused on advanced testing and commercialization of the technology.
Lightbridge Corporation's development and testing has followed standard industry protocols and is embarking on the next phase accelerating activities leading to the demonstration of Lightbridge Corporation's fuel technology in lead-test assemblies for use in a full-size commercial reactor - the final technology development phase before commercial deployment into multiple power plants.
Lightbridge Corporation's nuclear fuel designs are protected by U.S. patents and their foreign equivalent in several countries. We are continuously analyzing new intellectual property as it comes out of our research and development activities to ensure all inventions are protected either through patents or trade secrets. The Company is currently implementing a program to expand the patent portfolio.
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8300 Greensboro Drive, Suite 800
McLean, VA 22102 USA
Tel. +1.703.918.4904
Fax +1.703.935.1490
Board of Directors | Management Team | |
VICTOR ALESSI DANIEL MAGRAW, JR. KATHLEEN TOWNSEND SETH GRAE AMBASSADOR THOMAS GRAHAM, JR. | SETH GRAE President, Chief Executive Officer, Member of the Board of Directors AMBASSADOR THOMAS GRAHAM, JR. Executive Chairman of the Board ANDREY MUSHAKOV Executive Vice President / International Nuclear Operations JAMES D. GUERRA Chief Operating Officer, Chief Financial Officer and Treasurer, Executive Vice President JESSE FUNCHES Nuclear Regulartory Expert JON JOHNSON Senior Vice President, Nuclear Regulartory Expert JAMES MALONE Chief Nuclear Fuel Development Officer DR. ALEXEI MOROZOV Managng Director of Russian Brance Office |
Technical Advisory BoardThe Technical Advisory Board (TAB) is comprised of internationally recognized engineering experts with extensive experience in advanced nuclear fuel design and development, advanced reactor design, and nuclear fuel economics. The members are also recognized for leading research and design engineering projects at major U.S. nuclear, defense and aerospace companies. The TAB leverages this experience to assist us in further developing and deploying of our nuclear fuel designs. | International Advisory BoardThe International Advisory Board (IAB) is comprised of prominent and influential individuals from a variety of backgrounds, including business, government, energy, and academia. The IAB members serve as strategic advisors as the Company expands its international reach. | |
Ernie H. Kennedy
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George D. Crowley, Jr. |
Original co-founders of Thorium Power, Inc. in 1992
Dr. Alvin Radkowsky, inventor of Thorium Power's original fuel design and a pioneer nuclear scientist, initiated and supervised more nuclear core designs which were actually built and successfully operated than any other nuclear engineer in history. He was a member of the prestigious US National Academy of Engineering and a fellow of both the American Physical Society and American Nuclear Society. At the end of 2001, Dr. Radkowsky was awarded the Alvin M. Weinberg Medal for outstanding international technical and policy leadership in nuclear science and technology. It was given to him as recognition for his "seminal contributions and innovations in the engineering development of nuclear power."
Dr. Radkowsky was the original Chief Scientist for the US Naval Nuclear Propulsion Program directed by the late Admiral H.G. Rickover. Dr. Radkowsky headed the design teams for the US Navy's nuclear submarines, aircraft carriers, and other surface ships. He also headed the design team for the first commercial nuclear power plant, in Shippingport, Pennsylvania.
He received a special award from the Secretary of the Navy for an invention that increased the endurance of the Nautilus submarine prototype from a few weeks to many years. This invention has been declassified and is used in virtually all commercial reactors.
Alvin Radkowsky received his Master's Degree at George Washington University under Professor Edward Teller, and his Ph.D at Catholic University of America under Professor Karl F. Herzfeld.
Dr. Radkowsky passed away on February 17, 2002.
Joel B. Grae has built his career around starting high- technology companies and building them to the point of commercialization. He co-founded Thorium Power with Alvin Radkowsky. He has also acted as attorney and business consultant to foreign multinational consortiums and companies.
Mr. Grae has sponsored biotech research at major universities, including Yale, Cornell and Rensselaer Polytechnic Institute. He founded MelaRx Pharmaceuticals, Inc. as a privately-held company to support research at Yale and was its Vice President of Technology from 1992 until MelaRx merged with Vion Pharmaceuticals, Inc. (formerly OncoRx Pharmaceuticals, Inc.) in 1995. Vion is now a publicly traded company.
Mr. Grae is a graduate of New York University School of Law and is a member of the New York Bar.
Points of Contact
Peter Charles
Director of Corporate Affairs and Investor Relations
+1.703.918.4932
ir@thoriumpower.com
PR/Media Contact:
David Bassiouni, Jr.
Weber Shandwick
tel. +1.917.403.1136
dbassiouni@webershandwick.com
Investor Relations Contact:
David Waldman
Crescendo Communications
tel. +1.212.671.1021
dwaldman@crescendo-ir.com
Lightbridge Corporation's Investor Relations Compehensive Home Page
Overview
Lightbridge Corporation is a nuclear energy pioneer and the leading developer of thorium-based nuclear fuel designs. The Company’s technologies include nuclear fuel designs optimized to address key concerns about traditional nuclear power, including nuclear proliferation and nuclear waste.
http://ir.ltbridge.com/phoenix.zhtml?c=121550&p=irol-irhome
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