Alternate Energy Holdings, Inc. Signs MOU With Hyperion Power to Manufacture Small, Modular Nuclear Reactors in China and Market World-Wide
Alternate Energy Holdings, Inc. signed a memorandum of understanding with New Mexico-based Hyperion Power Generation, Inc. The MOU is the beginning of a joint venture between the two companies to license, build and market Hyperion’s small modular nuclear reactors (SMRs) earlier post) on a world-wide basis.
Hyperion announced the ultra-small reactor, which already has more than 150 purchase commitments from customers such as mining and telecom companies, in 2009. Hyperion transportable reactors are sealed at the factory and are not refueled onsite. When the reactor has exhausted its fuel, it is returned to the factory and a new reactor is installed in its place.
Alternate Energy Holdings is the US’ only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.