Lightbridge Corporation President and CEO Seth Grae recently told investors and equity analysts at the 27th annual ROTH Capital Partners conference in Laguna Niguel, Calif. that Lightbridge’s patented, metallic fuel technology can help global nuclear utilities achieve improved operating economics.
Grae said the company will realize significant revenue streams from technology licensing fees and royalties originating from the growing $25 billion nuclear fuel market.
He noted progress made in four areas, including collaboration with Canadian Nuclear Laboratories to fabricate fuel rod samples in 2015 and 2016; leveraging Lightbridge’s Nuclear Utility Fuel Advisory Board (NUFAB) to secure a letter of intent by 2016 from at least one utility for lead test assembly demonstration; beginning test reactor irradiation of fuel samples by early 2017; as well as entering into a cost-sharing arrangement with an industry partner, government, or both, by late 2017 or early 2018.
Grae also said Lightbridge metallic nuclear fuel enables increased power output from existing and new build commercial reactors, generating the lowest cost power on the grid and improving reactor safety.
“Nuclear utilities operating existing 1,100 megawatt reactors can generate 10 percent more power and approximately $60 million in incremental revenue per reactor over a 24 month cycle by using Lightbridge metallic fuel,” he said.
