Ultra Safe, Framatome Plan Joint Venture

French nuclear service giant Framatome and Seattle-based Ultra Safe Nuclear Corporation (USNC) announced Thursday they intended to form a joint venture to manufacture commercial quantities of Tri-structural Isotropic (TRISO) particles and Ultra Safe Nuclear’s proprietary Fully Ceramic Micro-encapsulated fuel.

Ultra Safe The companies have signed a non-binding agreement to integrate their resources through a joint venture to bring fourth-generation nuclear fuel to market for advanced reactor designs including USNC’s Micro-Modular reactor.

The joint venture expects to begin manufacturing TRISO particles and FCM fuel in late 2025. TRISO fuel production capacity will be used in the manufacture of Ultra Safe Nuclear’s FCM fuel and available to the broader commercial market. The partners have developed concrete plans to support rapid expansion to meet demand growth in the U.S. and global markets.

The MMR Energy System is ae fourth-generation nuclear energy system. The MMR is being licensed in Canada and the U.S. and will be the first commercially available “nuclear battery.” MMR deployments are moving forward, including projects at Chalk River, which is on target for first power in 2026, and the University of Illinois Urbana-Champaign, targeted for first power in 2027.

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