L&T, Clean Core Thorium tie-up to boost global clean energy solutions

24 Oct 2024 CW Team

Larsen & Toubro (L&T) announced a partnership with the US-based company Clean Core Thorium Energy (CCTE) to deliver global clean energy solutions. This collaboration focuses on enhancing nuclear power deployment, especially in developing nations that need substantial carbon-free electricity for growth.

The agreement includes a Memorandum of Understanding (MoU) to utilize CCTE's patented ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, which integrates thorium and high assay low-enriched uranium. This fuel is designed for use in pressurized heavy water reactors, such as CANDU reactors.

ANEEL fuel promises to significantly lower life-cycle operating costs and reduce waste by over 85%, while also improving safety with its Accident Tolerant Fuel characteristics. It aims to enhance energy security through large-scale thorium deployment, decreasing reliance on uranium.

L&T emphasized that the ANEEL fuel will support clean energy initiatives, promote non-proliferation, enhance safety, and contribute to the decarbonization of challenging industries. Anil Parab, L&T's Whole-time Director, highlighted the company's commitment to identifying new opportunities and establishing a robust supply chain for ANEEL fuel, aligning with Indian regulations.

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