Alternate Energy Holdings, Inc. (AEHI) has signing of a memorandum of understanding with Hyperion Power Generation, Inc. The MOU is the beginning of a joint venture between the two companies to license, build and market Hyperion's small modular nuclear reactors worldwide.
"I am extremely excited and honored to be a partner with Hyperion and its equally impressive 25MWe Hyperion Power Module. It is one of the most innovative products I've seen in my 46 years in the nuclear industry," said Don Gillispie, AEHI CEO and chairman.
" Because of its small size the power plant's applications are limitless and could fuel a huge variety of important facilities including: hospitals, desalinization plants, emergency facilities, industrial parks, factories, military bases, and even small towns for many years."
Hyperion’s CEO John “Grizz” Deal suggested that China could be one of the key target markets for its Hyperion Power Module.
"We chose AEHI to assist us in this endeavor because the company is independently operated, [and] has unprecedented connections in the international community, especially in China,” he said.
Last year Hyperion announced that it had received more than 150 purchase commitments for from customers such as mining and telecom companies. The firm’s CEO also told NEI in September that the company was planning to set up three manufacturing facilities: one in the USA to support the North and Latin America markets, a second in the UK to be the European hub, and a third in Asia, probably Japan.
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