September 04, 2009

Hyperion Power Generation Update

Dan Yurman has an updated interview of the CEO of Hyperion Power Generation.

John (Grizz) Deal is an expressive driver of an entrepreneurial start-up that has spun out unique nuclear reactor technology from the Los Alamos National Laboratory (LANL). It’s not a conventional reactor with fuel rods and cooling systems. Instead, it is a 25 MW “battery” that is expected to be compact and light enough to be delivered on the back of a truck. The vision is a user will pop it into a hole in the ground and have to replace the fuel just once every five years. Hyperion Power Generation claims 122 potential users have signed options to buy one and a quarter of them are in the U.S. The primary output of Hyperion’s “battery” is heat. A customer that wants to buy one to make electricity has to get their own turbines and power distribution network. Deal claims he can deliver his pocket reactor for $1,000/Kw, or $25 million, and that the balance of plant for one will come in at another $1,000/Kw for a market maker price of $2,000/Kw.

Deal says he will deliver Hyperion's reactor for commercial sale in 2013. To get here, he has daunting challenges to overcome including raising $65 million to complete the design, get it licensed by the NRC, develop a supply chain, and, most importantly, build a factory to make it.

For a location he’s looking at Idaho Falls, ID, a “nuclear city” which last year went all out to successfully get French nuclear giant Areva to commit to build a $2 billion uranium enrichment plant 18 mile west of town.

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