Areva NP, Lightbridge to Jointly Develop Nuclear Fuel Assemblies

 Areva NP, Lightbridge to Jointly Develop Nuclear Fuel Assemblies

Lightbridge Corp. (Nasdaq: LTBR) signed a joint development agreement with Areva NP for fuel assemblies for Lightbridge’s next generation metallic nuclear fuel technology.
The companies will work together to assess establishing a joint venture in 2016 to develop, manufacture and commercialize the fuel assemblies. They will share the cost of the work scope to be performed under the agreement, with Areva NP contributing in-kind for its share of the costs.
As part of the joint venture, Areva NP and Lightbridge will agree on terms and conditions to complete the remaining scope of work to demonstrate and commercialize the fuel assemblies based on Lightbridge’s metallic nuclear fuel, and a technology licensing arrangement and other agreements needed to form and operate the joint venture company. The agreement will remain in force until the formation of the joint venture or December 31, 2016 at the latest.
Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...