HYPERION POWER COMPLETES FIRST FORMAL MEETING WITH U.S. NRC.

—WASHINGTON, DC

For Immediate Release

Press Contact: Deborah Deal Blackwell, APR or Claire Gimble

Phone: +1 (703) 722-2821 (USA)



Email: pressathyperionpowergenerationdotcom  (pressathyperionpowergenerationdotcom)  

HYPERION POWER COMPLETES FIRST FORMAL MEETING WITH U.S. NRC.


WASHINGTON, DC, December 09, 2010 — Hyperion Power Generation (HPG) has completed its first formal presentation of the Hyperion Power Module (HPM) to the United States’ Nuclear Regulatory Commission (NRC) and related documents are now available through the agency’s Agencywide Documents Access and Management System (ADAMS). Visit: wba.nrc.gov (simple search on Hyperion Power).

The HPM is the first of Hyperion Power’s designs for safe, self-contained, simple-to-operate nuclear power reactors, small enough to be manufactured en masse and transported in its entirety via ship, truck, or rail. The HPM will deliver 70 megawatts of thermal energy, or approximately 25 megawatts of electricity. This amount of energy is enough to supply electricity to 20,000+ average American-style homes or the industrial/commercial equivalent.

“We are pleased to have completed the formal initial step toward licensing our first Mini Power Reactor design “, says Mark Campagna, Chief Nuclear Officer and COO of Hyperion Power. “We look forward to working with the NRC as they continue to enhance the licensing review process for small reactors and the much-appreciated support they render in the pre-application process” (www.nrc.gov/reactors/advanced.html).

About Hyperion Power Generation, Inc. — Hyperion Power Generation Inc. is a privately held energy innovation company formed to develop and commercialize mini power reactors (MPRs) and small modular nuclear reactors (SMRs) featuring advanced technology. The company’s first designs leveraged 40+ years of experience by the United States’ Los Alamos National Laboratory (“LANL”). The reactor design to be commercialized first, known as the Hyperion Power Module (“HPM”), is designed to fill a previously unmet need for a transportable power source that is safe, clean, sustainable, and cost-efficient.

About The U.S. Nuclear Regulatory Commission (NRC) was created as an independent agency by Congress in 1974 to enable the nation to safely use radioactive materials for beneficial civilian purposes while ensuring that people and the environment are protected. The NRC regulates commercial nuclear power plants and other uses of nuclear materials, such as in nuclear medicine, through licensing, inspection and enforcement of its requirements.

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Press Contact: Claire Gimble

Phone: +1 (703) 722-2821 (USA)



Email: pressathyperionpowergenerationdotcom  (pressathyperionpowergenerationdotcom)