Hyperion Power Generation to deploy Hyperion reactor at the DOE Savannah River Site

Denver, March 5, 2012 — Hyperion Power Generation, the Department of Energy — Savannah River, and Savannah River National Laboratory committed to deploy a privately-funded Hyperion reactor at the DOE Savannah River Site.

The recent DOE announcement of the partnership is based on an executed memorandum of agreement between the parties that establishes next steps towards deployment. These steps include working toward target dates for land use, site services and technical assistance agreements, with licensing to be accomplished under the authority of the U.S. Nuclear Regulatory Commission.

Hyperion Power Generation Inc., based in Denver, Colorado, was founded in 2007, and is working with Los Alamos National Laboratory to design a nuclear reactor referred to as the Hyperion Power Module.

The HPM is designed to power remote mining or oil and gas operations, large government complexes, and isolated or remote communities and islands. The HPM design intent is to produce 25 MW electric and to use uranium nitride fuel and lead-bismuth eutectic coolant. The reactor vessel is to be sealed at the factory, sited underground, and replaced with a new module after a designed core life of ten years.

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