Energy – Page 4 – East Tennessee Economic Council

General Fusion Closing Oversubscribed $130M Transitional Financing Round

General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. Combined with broad financial support from the Canadian, U.K., and U.S. governments, the General Fusion Series E round supports aggressive pursuit of several near-term initiatives and milestones in its program to commercialize Magnetized Target Fusion (MTF). In addition to a portfolio of important individual investors, which includes Jeff Bezos, Tobias Lütke, and Kam Ghaffarian, Series E brings a new syndicate of major institutional and family office investors to General Fusion. These anchoring investors include Temasek, GIC, the Jameel Investment Management Company (JIMCO), and the Business Development Bank of Canada (BDC), as well as broader participation from other capital market segments represented by investors such as a large U.S. state pension plan and the hedge fund firm Segra Capital.

December 8, 2021

NRC ‘indicates acceptance’ of Kairos safety evaluation

The US Nuclear Regulatory Commission (NRC) has issued a draft safety evaluation report indicating its initial acceptance of Kairos Power’s source term methodology for its Kairos Power fluoride salt-cooled high temperature reactor (KP-FHR). The topical report, which Kairos submitted to the regulator in June 2020, is the first of its kind to be reviewed by the NRC.

November 30, 2021

Granholm Visits Oak Ridge-learns about ORNL wireless charging, batteries

U.S. Energy Secretary Jennifer Granholm visited Oak Ridge early this week. She began her day discussing DOE’s special relationship with the Oak Ridge community and then toured ORNL’s GRID-C facility and spoke about the infrastructure bill and the Build Back Better agenda.

November 23, 2021

Electric vehicles dominate list of efficient cars in 2022 Fuel Economy Guide

ORNL has released the federal government’s new 2022 Fuel Economy Guide. The report provides the latest fuel efficiency stats and money-saving tips for new and used vehicles. For the first time, two electric vehicles with a 500-mile driving range sit at the top of the guide’s 10 most fuel-efficient vehicles.

November 23, 2021

Oklo Teams with Centrus to Produce U.S.-based Fuel Supply

Oklo Inc. and Centrus Energy Corp. have signed a non-binding Letter of Intent to cooperate in the deployment of a High-Assay, Low-Enriched Uranium (HALEU) production facility. HALEU is an advanced fuel material that can be used to fuel both existing and advanced fission power plants.

November 23, 2021

Polymer discovery gives 3D-printed sand super strength

Researchers at the Department of Energy’s Oak Ridge National Laboratory designed a novel polymer to bind and strengthen silica sand for binder jet additive manufacturing, a 3D-printing method used by industries for prototyping and part production.

November 16, 2021

ANS Urges Congress to Address Availability of HALEU for Advanced Reactor Fuel

Congress needs to take swift action to build a domestic supply of high-assay low-enriched uranium (HALEU) to fuel advanced reactors, the American Nuclear Society declares in a September 14 letter to the Senate Energy and Natural Resources Committee.

September 22, 2021

TVA Creates ‘In Charge: Life with an Electric Vehicle’ Video Series

The ‘In Charge: Life with an Electric Vehicle Series’ was created to engage and inform consumers on the many benefits of EVs. Watch the five-episode series where host Raven Hernandez takes you behind the wheel of five super-charged electric vehicles (EVs) in this high-energy, road-tripping video series.

September 15, 2021

Viewpoint: Demonstration AND test reactors: both are necessary for innovation

The impacts of climate change are playing out in real-time all over the world, including in the United States. Oppressive heat domes have blanketed most of the country, severe flooding and storms continue to grow in intensity, and forest fires on the West Coast are ripping through acres of dry land with smoke that can be seen all the way on the East Coast.

September 7, 2021

High-Power Wireless Vehicle Charging Technology Licensed by HEVO

DOE’s ORNL has licensed its wireless charging technology for electric vehicles to Brooklyn-based HEVO. The system provides the world’s highest power levels in the smallest package and could one day enable electric vehicles to be charged as they are driven at highway speeds.

September 1, 2021