Today, this MOU represents our first step on a journey that promises to yield tremendous benefits for all of us. (Lee McIntire, TerraPower CEO)
Bellevue, Wash. (PRWEB) September 23, 2015
TerraPower, LLC signed a memorandum of understanding (MOU) with China National Nuclear Corporation (CNNC).
This MOU is a significant milestone in our discussions and made possible under policies and agreements for cooperation by the governments of United States and China and allows opportunities to collaborate in a variety of ways.
The two companies plan to work together to complete the traveling wave reactor (TWR) design and commercialize TWR technology. Cooperation between TerraPower and CNNC will speed technology development, promote clean energy growth, and enable global economic growth in both countries.
“Today, this MOU represents our first step on a journey that promises to yield tremendous benefits for all of us,” said Lee McIntire, TerraPower CEO. The TerraPower-CNNC collaboration on advanced nuclear technology aims to benefit the world by pioneering new options in civilian nuclear energy that address safety, environmental and cost concerns.
TerraPower, LLC is a private nuclear energy technology company, headquartered in Bellevue, Washington, with a mission to advance nuclear energy technologies. TerraPower’s traveling wave reactor is a central project that presents new innovation opportunities in the fields of engineering, physics and computer science. Since the company’s inception in 2006, it has grown to more than 120 full-time professionals who engage more than 100 diverse U.S.-based technical consultants and suppliers to responsibly to improve options for global access to clean, secure and affordable electricity.