Larsen & Toubro and Clean Core Thorium Energy announce Strategic Partnership in Clean Energy
- 18 October 2024
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Mumbai: Larsen & Toubro (L&T), Indiaās leading technology-powered conglomerate offering solutions in sectors of national importance, and Clean Core Thorium Energy (CCTE), a US-based advanced nuclear fuel company, announced the signing of a Memorandum of Understanding (MoU) to collaborate on providing efficient solutions globally in clean energy through the CCTEās patented ANEELā¢ fuel (Advanced Nuclear Energy for Enriched Life). The ANEELā¢ fuel will promote clean energy, non-proliferation, enhanced safety, decarbonisation of hard-to-abate industries and circular economy.
The ANEELā¢ fuel is made of thorium and enriched uranium developed for use in Pressurised Heavy Water Reactors (PHWR), Canada Deuterium Uranium (CANDU) Reactors and Advanced Nuclear Reactors. Proliferation-resistant ANEELā¢ fuel is expected to significantly reduce life-cycle operating costs and the waste produced (by over 85% while improving safety due to its Accident- Tolerant Fuel characteristics). Also, the ANEELā¢ fuel will offer added advantage of energy security by large scale deployment of thorium and reduce uranium consumption.
At a signing ceremony held in Mumbai, L&T and CCTE jointly stated that the mission of this partnership is to accelerate nuclear power deployment globally, particularly in developing countries which require large amount of carbon-free electricity for their growth.
On the occasion, Mr Anil Parab (Whole-time Director & Sr Executive Vice President, Heavy Engineering and L&T Valves) said, āIn view of increasing demand for nuclear energy across the globe, we are in the process of identifying new opportunities to offer āOne Stop Solutionsā to our customers. Establishing a world-class supply chain for ANEELā¢ fuel, by leveraging L&Tās manufacturing prowess, is a step in that direction. L&T will support CCTE within the purview of the Indian legal framework.ā
Mr. Mehul Shah, Founder and CEO of CCTE, said: āIn partnering with a market leader like L&T with specialised expertise in engineering and manufacturing, we can realise our vision of sustainable clean and safe energy through the deployment of ANEELā¢ fuel globally. This partnership will activate Indo-US civil nuclear co-operation signed back in 2008.ā
Under a Strategic Partnership Project Agreement with the US Department of Energy (DOE), CCTEās ANEELā¢ fuel is currently undergoing accelerated irradiation testing and qualification in the Advanced Test Reactor at Idaho National Lab, and is on its way to achieving planned burn-up targets of up to 60 GWd/T. Clean Core has also been actively partnering and engaging with key industry players including regulators, utilities and suppliers to achieve the successful commercialisation of the ANEELā¢ fuel by 2026.
