Powerful New Energy Technology under Development for Remote Locations by Hyperion Power Generation, Inc.
LOS ALAMOS, N.M.--(Business Wire)--
To bring the benefits of nuclear power - reliable, clean energy
with no greenhouse gas emissions - to remote locations, Hyperion Power
Generation, Inc. is developing a small, transportable power module.
John R. "Grizz" Deal, the company's CEO, has announced the completion
of another development phase and that the company has now begun
discussing installation commitments with interested parties, for
commercial deployment starting in 2013.
The Hyperion Power Module (HPM) was conceived at Los Alamos
National Laboratory and licensed to New Mexico-based Hyperion for
commercialization under the laboratory's technology transfer program.
Inherently safe and proliferation-resistant, the HPM utilizes the
energy of low-enriched uranium fuel in a technology unlike any other
currently in use or in development. Approximately 4,000 units of the
same design, each offering 70 megawatts of thermal (heat) energy, or
27 megawatts of electricity via steam turbine, will be produced and
sealed at manufacturing sites. That amount of electricity can power
20,000 average American-style homes or the industrial equivalent for
$20 to $30 million each.
"Throw out what you know about nuclear energy generation --
Hyperion is unlike any other power reactor," said Deal. "We are
employing proven science and engineering, but in a whole new way to
achieve a power source that's safe, secure, and transportable. For
communities and industrial operations in remote locations independent
of a local grid, Hyperion will change their entire energy paradigm."
The HPM was originally created to provide affordable and
emission-free heat, steam, and electricity for recovery and processing
heavy oil in oil sands and shale fields. "The HPM is the solution that
industry needs to make their product economically and environmentally
feasible," said Deal. "But, what we've found is that HPM also has
enormous potential for developing or remote communities off a major
grid. It provides consistent energy for clean water and modern
infrastructure. For emergency response or peacekeeping installations,
it provides crucial energy independence from vulnerable local
sources."
More information about Hyperion can be found at
www.hyperionpowergeneration.com.
Hyperion Power Generation, Inc., Los Alamos
Deborah Blackwell, APR, 703-722-2821
Deborah@hyperionpowergeneration.com.
Copyright Business Wire 2008
