Mentioned:
Standard Nuclear has been selected for new grant funding from the Department of Energy. And they’re planning to use it to find new ways to make TRISO fuel from plutonium.
What’s happening:
- The United States Department of Energy’s research agency ARPA-E has selected Standard Nuclear (NYSE: STDN) for $7M USD in research and development funding
Why it matters:
- The new funding from ARPA-E will be used by Standard Nuclear to develop TRISO fuel particles made from plutonium and other material recycled from spent nuclear fuel
Going deeper:
- Standard Nuclear will work directly with private nuclear fusion company SHINE Technologies to develop TRISO fuel particles
- ARPA-E also selected Oklo (NYSE: OKLO) for a grant to accelerate research and development of nuclear fuels made from plutonium and other material recycled from spent nuclear fuel
The intrigue:
- Standard Nuclear previously made waves when they cut a long term fuel supply agreement with nuclear microreactor startup Radiant Industries
