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First steps for a dedicated Lightbridge Fuel fabrication facility in Ohio

The message from the United States delegation at COP28 is clear: We need to triple the global nuclear energy supply by 2050 to reach our climate goals. Lightbridge Corporation (NASDAQ: LTBR) is ramping up the fabrication of advanced nuclear fuels for safer and more efficient power generation, starting with a contract for Centrus Energy Corp to prepare to add a dedicated Lighbridge facility at the American Centrifuge Plant site in Ohio.
At COP28 in Dubai, Lightbridge announced a contract with Centrus Energy Corp, committing to conduct a front-end engineering and design (FEED) study to add a dedicated Lightbridge Pilot Fuel Fabrication Facility (LPFFF) at the American Centrifuge Plant in Piketon, Ohio.
The agreement between Centrus Energy and Lightbridge was signed during COP28 in Dubai
The agreement between Centrus Energy and Lightbridge was signed during COP28 in Dubai

What this means is that, once the study is completed, Lightbridge will have a pilot facility dedicated to producing Lightbridge Fuel that can be utilized to power both existing and future nuclear reactors. The facility will be able to utilize high-assay low-enriched uranium (HALEU) produced on the site by Centrus.
The FEED study will identify infrastructure and licensing requirements as well as the estimated cost and construction schedule for the LPFFF, paving the way for construction to begin after its completion in 2024.
"This agreement with Centrus marks a landmark moment for Lightbridge as we take concrete steps towards establishing a pilot-scale facility to manufacture Lightbridge Fuel,” commented Seth Grae, President and Chief Executive Officer of Lightbridge. “This facility will be instrumental in paving the way for cleaner, safer, and more efficient nuclear energy by bringing HALEU to existing reactors as well as to new reactors, large and small.”
A groundbreaking development at COP28 was the commitment from the United States alongside other countries to triple the global supply of nuclear energy by 2050. Powering nuclear reactors safely and efficiently with advanced fuels will be integral to meeting that goal, and by scaling up production Lightbridge will be prepared to contribute to a safer and cleaner future energy system. “We are thrilled to partner with Centrus, leveraging their deep expertise and infrastructure to bring this vision to life,” said Seth Grae.
  • Chris Ndungu

    9 w

    The idea is impressive!

    • Ann Nyambura

      10 w

      It's good to see concrete steps being taken.

      1
      • George Kariuki

        12 w

        Great. This aligns with the growing global urgency for cleaner energy solutions.

        1
        • dickson mutai

          12 w

          A forward-thinking initiative for a complex challenge ... cool

          3
          • Esther Wanjiku

            12 w

            Bravo light bridge

            2
            • Rotich Kim

              12 w

              Great leaders you have demonstrate clearly on how we can go to get our environment safe and conducive for all of us

              2
              • Rukia Ahmed Abdi

                13 w

                It's encouraging to see a commitment to addressing climate change through nuclear energy, as highlighted by the United States delegation at COP28. The focus on tripling the global nuclear energy supply aligns with the urgency of climate goals. Lightbridge Corporation's dedication to fabricating advanced nuclear fuels in Ohio is a positive step towards achieving safer and more efficient power generation. This initiative holds promise for contributing to sustainable energy solutions

                3
                • Joseph Githinji

                  13 w

                  Congratulations 👏

                  5
                  • Princess

                    13 w

                    Congratulations 👏

                    6
                    • Rashid Kamau

                      13 w

                      Very inspiring!

                      7
                      • Ingmar Rentzhog

                        13 w

                        Congrats!

                        7
                        • Munene Mugambi

                          13 w

                          A great way towards solving our energy crisis by provision of more and cleaner energy

                          5
                          • Kevin

                            13 w

                            Amazing work

                            11
                            • Tabitha Kimani

                              13 w

                              Wow. Thank you for this great contribution towards solving the climate crisis. Keep up !

                              11
                              • Sarah Chabane

                                13 w

                                Great to see that things are moving forward for Lightbridge

                                6
                                • Simon Bergbom

                                  13 w

                                  Interesting read. Thanks for sharing!

                                  6
                                  • Adam Wallin

                                    13 w

                                    Congratulations!

                                    6
                                    Welcome, let's solve the climate crisis together
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