Portable nuclear reactor maker Hyperion gets funding
Hyperion Power Generation wants to sell something that looks a bit like a giant battery to off-grid areas and small towns, filled with a uranium hydride mix that can provide up to about 27 megawatts of energy continuously over a period of several years.
We wrote about the idea last December, along with several similar ones. At the time it had only been funded by a nearly unknown venture firm called Purple Mountain Ventures. But Hyperion has now picked up a new investment from the Altira Group, showing there might be something to the business plan.
The funding amount was undisclosed, but Earth2Tech has a few more details on the nuclear “batteries”: 30 percent cheaper than traditional reactors, with 50 percent lower operating costs. Now they just need a good scheme to dispose of the things — I’m guessing it won’t be a grocery store kiosk.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.