Transatomic Folds Its Tent ~ Its Leagcy May Live On
- Oct 3, 2018 7:23 pm GMT
- One of the first entrepreneurial startups in the complex field of designing new nuclear reactors, founded in 2011, has called it quits.
- The firm faced twin challenges of a long development time and an uncertain degree of competitive technology advantage over other designs.
- The decision by Transatomic to roll up the sidewalks was based on a conclusion by the firm’s lead developers, both holding Ph.Ds in the nuclear energy field from MIT, that they could not deliver a commercially successful design that runs on spent nuclear fuel nor one using a molten salt concept.
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