Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

GEN4 Energy Team Awarded Advanced Reactor R&D Grant



  GEN4 Energy Team Awarded Advanced Reactor R&D Grant

Two year project will develop models to predict natural circulation flow in
next generation reactors

Business Wire

DENVER -- November 13, 2013

Gen4 Energy, Inc. has formally been notified that its team has been awarded a
two year grant from the Department of Energy to conduct research and develop
natural circulation designs for advanced nuclear reactors that utilize a lead
bismuth coolant.

Investment in advanced nuclear reactors is part of the Obama Administration’s
all-of-the-above strategy to accelerate clean energy leadership, enable a
low-carbon economy, cut carbon pollution, and support the President’s plan to
spark innovation across a wide variety of energy technologies including
emerging nuclear technologies.

Gen4 Energy has assembled a strong University, National Laboratory and
commercial team that includes: MIT and the University of South Carolina, Los
Alamos National Laboratory and the Idaho National Laboratory, URS Corporation,
and SRS USA LLC (a subsidiary of SRS Servizi di Ricerche e Sviluppo).

Bob Prince, CEO of GEN4 Energy said, “We are very pleased that DOE has
selected the Gen4 Energy team. A thorough understanding of natural circulation
flow is a critical R&D priority as several advanced reactor concepts,
including the Gen4 reactor, use it as a key safety measure. The transition to
natural circulation flow is necessary to safely remove decay heat from the
reactor in the event pumping power is lost to the reactor core. This project
will develop computer models that will help us visualize natural circulation
flow and integrate it into safe, reliable next generation advanced nuclear
reactor designs.”

Gen4 Energy, based in Denver, Colorado, was founded in 2007, to develop an
advanced design nuclear reactor referred to as the Gen4 Module (G4M). The G4M
produces 25 MW of electricity to power remote mining or oil and gas
operations, large government complexes, and isolated and island communities.
The design intent for the G4M is to provide safe and reliable power that is
available 24/7, emitting no greenhouse gasses, and operates for 10 years
without refueling. It is planned to be manufactured in a factory, transported
to the installation site completely sealed, and after its useful life replaced
with an entirely new power module.

Contact:

Gen4 Energy, Inc.
Paul Brienza, 303-495-5043
Info@gen4energy.com
www.Gen4energy.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement