$200 Million More Invested Into Right-Sized Advanced Nuclear Power
Wednesday, February 1, 2017 at 08:10PM
Uranium Stocks

In this picture taken on Thursday, June 25, 2015, water vapor rises from cooling towers of a conventional large nuclear power plant. (AP Photo/Petr David Josek) A complete SEALER power plant likely would fit inside one of the small cylindrical buildings in the foreground.

 

LeadCold and Essel Group ME have announced an agreement for a $200 million (USD) investment to build uranium-fueled power sources. Their systems, trademarked SEALER, are designed to compete with diesel generators to supply dependable power to communities and industries in remote areas of the world.

SEALER (Swedish Advanced Lead Reactor) is a fast spectrum nuclear reactor that uses low enriched uranium oxide fuel (19.5%) cooled by molten lead.

The companies involved describe their agreement as enabling "...LeadCold to license and construct the first privately-funded lead-cooled nuclear power plant."

Who Are These New Players In The North American Advanced Nuclear Industry?

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