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Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that Texas A&M University ("TAMU") has been awarded approximately $1,000,000 by the U.S. Department of Energy's ("DOE") Nuclear Energy University Program R&D Awards to study the deployment of advanced nuclear fuels in Small Modular Reactors. The project will be conducted over three years and will be funded in its entirety by the DOE, with the goal of bringing collaborative teams together to solve complex problems to advance nuclear technology and understanding. The study will consist of a comprehensive characterization of the performance of Lightbridge Fuel™ inside a small modular reactor ("SMR") designed by industry leader NuScale Power (NYSE:SMR). Structural Integrity Associates ("SI") will perform the thermal evaluation of Lightbridge Fuel in the SMR using its PEGASUS simulation software, a next generation fuel evaluation and design optimization tool. The study will generate unique sets of experimental data of friction factor, flow, and heat transfer behavior under normal and off-normal conditions. An abstract of the study can be found here: https://neup.inl.gov/FY23%20Abstracts/CFA-23-29356_TechnicalAbstract_2023CFATechnicalAbstractCFA-23-29356.pdf.
Prof. Yassin A. Hassan, Principal Investigator of the study and Director of the Center for Advanced Small Modular and Micro Nuclear Reactors (CASMR) at Texas A&M University, commented, "The Center is excited for this opportunity to collaborate with industry leaders Lightbridge, NuScale Power and Structural Integrity Associates. This award brings together the unique expertise of academia and industry to enable significant advancement in the commercialization path for next-generation nuclear fuels. This collaboration marks an exciting opportunity to make substantial progress in the future of nuclear energy."
José N. Reyes, Ph.D., Co-founder and Chief Technology Officer of NuScale Power commented, "NuScale is pleased to work with Texas A&M University and Structural Integrity Associates to assess the performance of Lightbridge's highly advanced fuel in our groundbreaking small modular reactor. Highly efficient fuel performance benefits not only our customers, but also the environment. Additionally, it further enhances the flexibility and reliability of our industrial applications such as high temperature process heat and hydrogen production."
Tony Robinson, Chief Nuclear Officer, Structural Integrity Associates, Inc., commented, "Putting our PEGASUS technology to work in collaboration with the Center for Advanced Small Modular and Micro Nuclear Reactors (CASMR) at Texas A&M University, Lightbridge Corporation, and NuScale Power is an exciting opportunity for us. This group of innovators represents the forefront of nuclear technology development and exemplifies how cooperative research between government, academia, and industry helps to move the entire industry forward. The experiment will not only provide critical data for advanced fuel technology deployed in a leading SMR design, but it is also a great example of how combining innovative experimental work with cutting-edge simulation and modeling is critical in crafting the future of nuclear power. We are proud to be a part of this important project."
Seth Grae, President and CEO of Lightbridge stated, "We are pleased to be working with Texas A&M University, NuScale Power, and Structural Integrity Associates on this important study. Texas A&M is a world-renowned leader in nuclear engineering education, NuScale is a global leader in developing SMRs, and Structural Integrity Associates is a leading provider of specialty engineering services in the power and utility industry. We are confident that they will provide the expertise and resources necessary to make this project a success. We greatly appreciate the support from DOE for this important research and experimental work. We believe that this project will provide valuable insights into the performance of Lightbridge Fuel™ in NuScale SMRs and will help to pave the way for the widespread adoption of this next-generation nuclear fuel technology."
