Ultra Safe Nuclear Stock

usnc.comEnergy / Clean EnergyFounded: 2011

Ultra Safe Nuclear is a nuclear energy technology company that is focused on developing and commercializing advanced nuclear reactors that are safe, efficient, and cost-effective. The company's reactors are based on the innovative Micro-Modular Reactor (MMR) technology, which is designed to provide clean, reliable, and affordable power to a wide range of customers, including remote communities, industrial users, and military bases. Ultra Safe Nuclear is committed to advancing the state of the art in nuclear energy and to making a positive impact on the environment and society.

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Team

Management Team

Francesco Venneri
Chief Executive Officer
Pam Apps
Chief of Staff
Dan Stout
Chief Nuclear Officer
Kelsey Souza
Chief Operating Officer
Chris Carson
Chief Financial Officer
Steve Cuevas
General Counsel

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Ultra Safe Nuclear Corporation (USNC) has announced a technology breakthrough that allows its Micro-Modular Reactor (MMR) to produce three times more power. The company's patented Fully Ceramic Microencapsulated (FCM) fuel can now work with either high-assay low-enriched uranium or low-enriched uranium and operate at various power levels. This flexibility enables USNC to serve a range of customers with a single standardised design.
Ultra Safe Nuclear Corporation (USNC) has chosen Jacobs to support the design and development of its micro modular reactor (MMR) in the UK. The MMR, which uses TRISO particle fuel and is cooled with helium, is expected to help transition away from fossil fuels. The UK government has awarded USNC funding to build a demonstration reactor in the country. Jacobs will support the front-end engineering design programme as a leading subcontractor to USNC.
Seattle-based Ultra Safe Nuclear Corporation (USNC) has developed a micro modular reactor (MMR) aimed at replacing gas plants and supporting the transition to renewable energy. The UK Department for Energy Security and Net Zero has awarded USNC a grant of up to £22.5m to develop the MMR, which could be used for hydrogen or sustainable aviation fuel production. Engineering multinational Jacobs has joined the project to support design and development.
Ultra Safe Nuclear Corporation (USNC) plans to invest $232 million in a micro-reactor assembly plant in Gadsden, Alabama. The facility, which will be the first commercial-scale microreactor production facility in the US, will create 250 jobs. The plant will manufacture, assemble, test and inspect non-radiological modules for its advanced microreactors. Construction is set to begin in 2024, with operations starting in 2027.
Updated on: Jul 26, 2024

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