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Stock impact report

US says Gates-backed reactor company's planned application needs work [Reuters]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Reuters
application for a high-tech reactor needs more work, an issue that a critic of the technology said could delay development of the plant in Wyoming. TerraPower LLC, is trying to build the $4 billion Natrium reactor in Wyoming on the site of an old coal plant. The permit application is expected this month. So-called advanced nuclear reactors like Natrium that use new materials and fuel types are supported by the administration of President Joe Biden as a potential way to fight climate change. The U.S. Department of Energy has authorized up to $2 billion of taxpayer money for the Natrium project. The U.S. Nuclear Regulatory Commission on March 19 sent TerraPower a 40-page overview , opens new tab of a "pre-application readiness assessment" of safety and environmental issues for the reactor. TerraPower had asked NRC for the assessment ahead of its construction permit application. The NRC told TerraPower that the company made several references to technical and licensing reports th Show less Read more
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