Barriers to nuclear power have existed for decades. The two biggest challenges for increasing carbon-free nuclear energy are waste disposal and cost. In Phase 3, we aim to play a leading role in providing solutions to nuclear power growth by recycling and reusing spent nuclear fuel, and by transforming long-lived radioactive waste into shorter-lived or stable materials.
Spent nuclear fuel still contains more than 90% of its energy capacity. It can be recycled and reused in power plants. We are well into research and development to make this a reality in the United States and beyond. We plan to scale technologies we've developed in Phase 2, including separation science that can be used to help return fuel to nuclear reactors, as well as to recoup a variety of precious metals.
We plan to scale our fusion technology to take nuclear waste mitigation a step further. We aim to use transmutation (converting one element or isotope into another through nuclear reactions) to drastically shorten the life of long-lived radioactive waste, which makes up less than 1% of current waste streams. Some radioisotopes can take millions of years to decay, but we believe — through additional experience and advancements in fusion technology — those harmful, long-lived products can be transformed into other radioisotopes that decay in decades, or less.
We've designed our four-phased approach to produce meaningful outcomes at each stage as we work toward fusion energy. Here's what we're working toward through Phase 3: Recycling Nuclear Waste.
We stand apart from other fusion companies because we have commercialized fusion today and we are scaling our technology. During each of our four phases, we’re perfecting core competencies needed for commercially viable fusion, producing useful products, building shareholder value, and reinvesting in future growth.
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