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SEGUNDO, Calif., May 22, 2024
/PRNewswire/ -- Radiant Industries, Incorporated, and Amsted
Graphite Materials LLC have entered into a Memorandum of
Understanding (MOU) aimed at fortifying the domestic supply chain
for nuclear-grade graphite. The MOU, effective as of May 21, 2024, signifies a strategic collaboration
between two industry leaders committed to advancing clean energy
technology within the United
States.
As part of the increased collaboration between the two
companies, Radiant has placed a significant purchase order with
Amsted Graphite Materials for its PCEA™
nuclear-grade graphite to support Radiant's development of their
Kaleidos microreactor, set to be the world's first portable,
zero-emissions power source serving remote locations.
Radiant has been selected as one of three advanced nuclear
energy developers to receive funding from the U.S. Department
of Energy for developing and testing microreactor designs in the
Demonstration of Microreactor Experiments (DOME) test bed at Idaho
National Laboratory. Radiant's Kaleidos microreactor will utilize a
graphite core and meltdown-proof TRISO fuel with a targeted power
output of 1 MW for three years. Following successful testing that
is scheduled to begin in 2026, Radiant targets commercial
production units in 2028.
The success of Radiant's Kaleidos Demonstration Project,
along with the viability of subsequent commercial projects, will
depend in critical part on supply certainty and affordability of
nuclear-grade, medium and fine grain graphite required for
application in a nuclear environment.
"We are thrilled to formalize this strategic relationship with
Amsted Graphite Materials," said Tori Shivanandan, Chief
Operating Officer of Radiant. "By joining forces to secure a
reliable supply of critical graphite materials, we are investing in
the success of our Kaleidos Demonstration Project and laying a
solid foundation for the future of clean energy in the United States."
A global leader in graphite material science with over 100 years
of experience in the carbon and graphite industry, Amsted Graphite
Materials stands as the largest U.S.-owned synthetic graphite
producer. The company is part of the Chicago-based diversified manufacturing
conglomerate Amsted Industries, which provides the stability and
resources necessary to continually invest in research and
development of graphite materials.
The MOU underscores the mutual commitment of Radiant and
Amsted Graphite Materials to reduce reliance on foreign sources of
nuclear-grade graphite, enhance U.S. advanced manufacturing
capabilities and bolster the security of U.S. nuclear energy supply
chains. Key objectives outlined in the MOU include collaborative
efforts in policy advocacy at federal, state and local levels,
strategic discussions with third parties, exploration of
public-private partnerships with the U.S. government, and
participation in testing and R&D programs with universities and
government laboratories.
"Our collaboration with Radiant is a significant step toward
strengthening America's nuclear energy infrastructure,"
said Gavin Noel, Vice President and General Manager of Amsted
Graphite Materials. "As the United States moves toward a cleaner,
more resilient energy future, our partnership underscores the
essential role of graphite in ensuring the security and
sustainability of innovative technologies."
About Radiant Industries
Radiant is a clean energy
startup building a nuclear microreactor. A climate-friendly
alternative to diesel generators, Radiant's Kaleidos 1MW
microreactor will be the world's first portable, zero-emissions
power source that works anywhere. The company plans to test its
development reactor by 2026, and if successful, it will be the
first new commercial reactor design to achieve a fueled test in
over 50 years. Radiant's microreactor can bring power to remote
parts of the world and provide backup power for life-saving
applications in hospitals or disaster-relief scenarios.
About Amsted Graphite Materials
Amsted Graphite
Materials is part of the Amsted Industries family of companies, a
diversified group of market-leading, global manufacturers serving
the automotive, rail, commercial vehicle, and construction markets
that combine leading-edge manufacturing processes with a history of
continuous innovation. Amsted Graphite Materials' West Virginia facility supplies customers in
over 35 countries with a wide portfolio of extruded, molded,
isomolded, powder and particulate carbon and graphite
materials.
Media Contacts
Katherine
Bouvier
kbouvier@amstedrail.com
Alison Patch
alison.patch@radiantnuclear.com
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SOURCE Amsted Graphite Materials