Power Group Online Article |  | |
5 October 2006 -- GE Energy's nuclear business and Australia materials technology developer Silex Systems Limited have received the U.S. government authorizations required to proceed with an agreement granting GE exclusive rights to develop and commercialize Silex's advanced, laser-based uranium enrichment technology.
The SILEX technology is a process for enriching uranium used as fuel in commercial nuclear reactors. GE said it is designed to be an ultra-efficient, more cost-effective production system than existing, extremely energy-intensive gaseous diffusion or capital-intensive centrifuge enrichment methods.
The agreement provides for a phased approach to the commercialization of the SILEX technology and the potential construction of a commercial enrichment facility.
These operations would be funded by GE and built at GE's existing nuclear energy headquarters and technology site in Wilmington, North Carolina, US, or another suitable location in the United States. In return, GE will provide Silex with a series of scheduled payments as specific technology development milestones are reached, and ultimately royalty payments based on revenues generated by commercial operations using the SILEX Technology.
|
Return to Previous Page
Power Engineering Webcasts | |
|
Sponsored White Papers Library | | |
|
|
|
|
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
