Orano and SHINE Technologies Sign an Agreement for the Recycling of Used Fuel in the USA - Seite 2

“Our goal is to stand up an operational pilot facility by the early 2030s. While this is challenging, our track record with the Chrysalis facility shows that we know how to navigate the complex design, regulatory, and build aspects of 10 CFR part 50 nuclear facilities and do so cost-effectively. The lessons learned in the execution of that project are directly applicable to waste recycling, and uniquely position us for timely delivery on this important national priority,” said Greg Piefer, Founder and CEO of SHINE Technologies. “This agreement for closing the nuclear fuel cycle launches our company’s planned Phase 3 business along our path to ultimately achieving commercialized fusion energy.”

***

About Orano
As a recognized international operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges. Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle. Every day, the Orano group’s 17,000 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.

Orano, giving nuclear energy its full value.

About SHINE Technologies

Headquartered in Janesville, Wisconsin, SHINE Technologies stands as an industry leader in next-generation fusion, deploying innovative fusion technology that seamlessly combines safety, cost-efficiency, and environmental responsibility. SHINE is at the forefront of creating non-carrier-added lutetium-177—a vital component in cutting-edge medical treatments.

SHINE’s commitment to innovation extends beyond the realms of industry and healthcare. Drawing on its fusion technology expertise, the company has set its sights on addressing one of energy's most complex challenges—nuclear waste recycling and fusion energy. With a comprehensive and visionary approach, SHINE is steadfastly driving advancements across multiple sectors, leaving an indelible mark on the domains of technology, healthcare, and sustainable energy solutions.

¹ MOX (Mixed oxide): fuel made from mixtures of uranium and plutonium oxides
² Enriched Uranium (ERU) fuel: fuel made from reprocessed uranium from used fuel

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229420223/en/