Portable nuclear reactor maker Hyperion gets funding

Chris Morrison | April 17th, 2008 |

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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