Hyperion Power Generation, one of three companies hoping to develop small, portable nuclear reactors using Savannah River Site facilities and expertise, is changing its name to Gen4 Energy.
The Denver company’s proposed product is a small power reactor that would be factory sealed with enough fuel for 10 years. Its previous name was the Hyperion Power Module.
In addition to Gen4 Energy, two other firms – Holtec International subsidiary SMR and NuScale Power LLC – also announced agreements with SRS earlier this month.
The partnerships would allow companies to use SRS’s land, research facilities and nuclear expertise to support potential private-sector development, testing and licensing of prototype modular reactor technology.
Any reactor designs produced would undergo licensing scrutiny by the Nuclear Regulatory Commission before commercial use or production. The program could yield commercial production of portable reactors in 10 to 20 years.