Lightbridge Corporation an advanced nuclear fuel technology company, and Framatome, a leader in nuclear fuel, components and reactor services, have reached a Settlement Agreement (the 'Agreement') that dissolves the Enfission joint venture.
As per the terms of the Agreement, Lightbridge and Framatome are each free to pursue their ongoing technology development without any constraints. Lightbridge has agreed to pay approximately $4.2 million, consisting of unpaid invoices and certain other costs incurred by Framatome.
Framatome and Lightbridge retain all intellectual property rights to their respective background technology. The Agreement resolves all disputes between the companies and terminates all agreements pertaining to the joint venture.
Related Links
Framatome
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com
Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.
With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.
Our news coverage takes time and effort to publish 365 days a year.
If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution. |
SpaceDaily Contributor
$5 Billed Once
credit card or paypal
|
 |
SpaceDaily Monthly Supporter
$5 Billed Monthly
paypal only
|
Nuclear power is important for a decarbonized, resilient energy system
Palo Alto CA (SPX) Mar 17, 2021
Electric Power Research Institute President and CEO Dr. Arshad Mansoor this month stressed the importance of nuclear generation to the resilience of the U.S. electric power system and expressed confidence in the potential for new and emerging nuclear energy technologies to support continued grid decarbonization.
In a virtual panel discussion sponsored by the U.S. Nuclear Regulatory Commission (NRC) Office of Nuclear Reactor Regulation, Mansoor pointed to the exceptional performance of ERCOT nuclea ... read more
del.icio.us
Digg
Reddit
Google
