Lightbridge to improve safety, economics of nuclear power market

Lightbridge could improve safety and economics of nuclear power market
Lightbridge could improve safety and economics of nuclear power market | Courtesy of

Lightbridge Corporation is in a unique position to improve the safety and economics of the growing commercial and global nuclear power market.

The corporation’s novel, metallic nuclear fuel technology has brought the commercial nuclear energy market to remarkable levels of activity.

This new technology has allowed the company to increase its power output without greatly increasing its costs. It can be implemented from either new or preexisting commercial reactors. Metallic nuclear fuel is now the lowest cost power on the grid.

Additionally, the technology improves the safety of the nuclear reactors.

As of today, there are 435 operable civil nuclear reactors spread throughout 32 countries. There are more than 70 reactors under construction.

Experts at the International Energy Agency of the Organization for Economic Cooperation and Development estimate that there will be a 60 percent increase in nuclear capacity due to power upgrades and reactor construction by 2035. They also estimate that the global market for nuclear fuel now stands at $25 billion.

"Lightbridge fuel technology addresses the biggest issues facing nuclear power, making existing and new reactors much more economically competitive and much safer," Seth Grae, president and CEO of Lightbridge Corporation, said. "There is a resurgence of orders for nuclear power in China, Europe, Russia and India. Nuclear is going to be a very large and fast growing industry around the world. We think by addressing the economic and safety issues of nuclear, Lightbridge will have a major place in the nuclear power space."

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