Framatome and Ultra Safe Nuclear Corporation (USNC) intend to form a joint venture to manufacture commercial quantities of Tri-structural Isotropic (TRISO) particles and Ultra Safe Nuclear's proprietary Fully Ceramic Micro-encapsulated (FCM) fuel.

Framatome and Ultra Safe Nuclear have signed a non-binding Heads of Terms Agreement to integrate their complementary resources through a joint venture to bring commercially viable, fourth-generation nuclear fuel to market for USNC's Micro-Modular reactor (MMR) and other advanced reactor designs.

"Ultra Safe Nuclear is a pioneer in the manufacture of both TRISO-based nuclear fuels and micro reactors, both of which contribute to a clear and attainable path toward a low carbon future," said Ala Alzaben, senior vice president for North America Fuel at Framatome. "As one of the safest and most committed manufacturers of nuclear fuel in the world, we are proud of our unmatched regulatory record. This partnership is consistent with our vision to make our unique assets available to advanced reactor designs."

"Framatome is an important strategic partner in our quest, and this move is a crucial step towards our vision of socially and environmentally responsible zero-carbon nuclear power," said Francesco Venneri, CEO of Ultra Safe Nuclear. "We look forward to continuing our collaboration with Framatome to bring commercial quantities of TRISO particles and FCM fuel to market.

Ultra Safe Nuclear's collaboration with Framatome follows the opening of USNC's Pilot Fuel Manufacturing (PFM) facility in August, the first and only privately funded facility in the U.S. to manufacture TRISO particles. In addition, the facility's engineers employ additive manufacturing - also known as '3D printing' - to fabricate FCM fuel. The modular production lines for TRISO particles and FCM fuel, already demonstrated at scale at the PFM facility, are rapidly repeated to increase capacity to meet growing demand for the MMR and advanced reactor technologies more broadly.