{"id":11959,"date":"2017-01-26T12:00:00","date_gmt":"2017-01-26T09:00:00","guid":{"rendered":"https:\/\/vo.afonico-test.ru\/novosti-otrasli\/leadcold-seals-funding-agreement-with-essel\/"},"modified":"2026-03-24T14:18:35","modified_gmt":"2026-03-24T11:18:35","slug":"leadcold-seals-funding-agreement-with-essel","status":"publish","type":"post","link":"https:\/\/vosafety.ru\/en\/novosti-otrasli\/leadcold-seals-funding-agreement-with-essel\/","title":{"rendered":"LeadCold seals funding agreement with Essel"},"content":{"rendered":"

LeadCold, the lead-cooled small nuclear reactor technology company, has said licensing and construction of a demonstration SEALER (Swedish Advanced Lead Fast Reactor) in Canada has moved a step closer thanks to $200\u00a0million in funding from Essel Group Middle East.<\/strong><\/h4>\n

In October last year, Essel Group ME\u00a0\u2014 a subsidiary of Indian multinational conglomerate Essel Group\u00a0\u2014 announced it had agreed to invest $18\u00a0million in Swedish-Canadian LeadCold. Essel said that funded was intended to enable LeadCold to complete a pre-licensing design review of the SEALER reactor with the Canadian Nuclear Safety Commission (CNSC) and to aid research and development efforts necessary to obtain a licence to build commercial SEALER units in Canada\u201d.<\/p>\n

However, LeadCold has now announced that it signed an investment and financing agreement for $200\u00a0million on 20\u00a0January, which it said will enable it to license and construct \u201cthe world\u2019s first privately funded lead-cooled nuclear power plant.<\/p>\n

\u201dUsing advanced technology, small nuclear reactors may provide clean and safe base-load energy in locations where today diesel power is the only choice, such as in Arctic regions, remote islands, off-grid communities, mining and the shipping industry\u201d, it said, adding that diesel generators are responsible for 3% of global greenhouse gas emissions.<\/p>\n

The small lead-cooled SEALER design is claimed to generate 3\u201310\u00a0MWe over a 10\u201330\u00a0year period without refueling. After operation, the first SEALER units will be transported to a centralised recycling facility.<\/p>\n

LeadCold says its engineers have developed novel aluminium steel alloys that are highly corrosion-resistant in contact with liquid lead. This, the company claims, “addresses the major obstacle having hampered the commercial implementation of this technology\u201d.<\/p>\n

In late December, the CNSC agreed to conduct phase 1\u00a0of a vendor design review for the SEALER design concept. A pre-licensing vendor design review is an assessment, carried out at the request of a vendor, of a nuclear power plant design based on its reactor technology. The objective of the review is to verify the acceptability of a design with respect to Canadian nuclear regulatory requirements and expectations, as well as Canadian codes and standards. It does not certify a reactor design or involve the issuance of a licence. The review is estimated to take 15\u00a0months according to LeadCold\u2019s schedule for submissions.<\/p>\n

The investment agreement with Essel Group ME will enable LeadCold to complete the prelicensing review with the CNSC; complete a detailed engineering design of the reactor; carry out the R&D necessary for licensing the design in Canada; and, licence and construct a full-scale 3\u00a0MWe demonstration unit.<\/p>\n

Also in December, LeadCold signed a roadmap agreement with KIC InnoEnergy\u00a0\u2014 the European company for innovation in sustainable energy\u00a0\u2014 to work together to commercialise the use of SEALER in off-grid applications.<\/p>\n

LeadCold aims to obtain a licence to construct a demonstration SEALER unit in Canada by the end of 2021. It anticipates having the unit ready for operation in 2025. The company estimates the future cost of purchasing a SEALER reactor at CAD100\u00a0million ($76\u00a0million).<\/p>\n

LeadCold is a spin-off from the Royal Institute of Technology (KTH) in Stockholm, where lead-cooled reactor systems have been under development since 1996. The company was founded in 2013\u00a0as a joint stock company. It has a Canadian subsidiary registered in Alberta, Northwest Territories and Nunavut.<\/p>\n","protected":false},"excerpt":{"rendered":"

LeadCold, the lead-cooled small nuclear reactor technology company, has said licensing and construction of a demonstration SEALER (Swedish Advanced Lead Fast Reactor) in Canada has moved a step closer thanks to $200\u00a0million in funding from Essel Group Middle East. In October last year, Essel Group ME\u00a0\u2014 a subsidiary of Indian multinational conglomerate Essel Group\u00a0\u2014 announced…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"yst_prominent_words":[],"translation":{"provider":"WPGlobus","version":"2.10.5","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"acf":[],"_links":{"self":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts\/11959"}],"collection":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/comments?post=11959"}],"version-history":[{"count":1,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts\/11959\/revisions"}],"predecessor-version":[{"id":16317,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/posts\/11959\/revisions\/16317"}],"wp:attachment":[{"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/media?parent=11959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/categories?post=11959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/tags?post=11959"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/vosafety.ru\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=11959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}