Nuclear fuel technology development company Lightbridge Corporation (NASDAQ: LTBR) was represented by a cross-practice Hogan Lovells team in its recently announced joint venture with Framatome, a leading provider of nuclear fuel, components, and reactor services. Under the announced deal, the two companies agreed to form Enfission, a 50-50 joint venture company to develop, license, and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property. IP aspects, of this joint venture were handled by IPMT partner Jeff Whittle, in collaboration with a cross-practice team under lead senior counsel Steve Miller and partner Amy Roma.
“Professionals at Hogan Lovells work seamlessly across practice areas and continents, providing the highest quality legal counsel. The firm has played essential roles in our recent achievements,” said Seth Grae, Lightbridge president and CEO.
The advanced nuclear fuel technology produced by Enfission will work in existing and new nuclear reactors and improve economics by increasing power output and enabling longer fuel cycles. It will also dramatically improve reactor safety and be more accident tolerant and safer than current fuel technologies. Both parties anticipate building a new fuel-manufacturing facility in Virginia or Washington State with support deployment of lead-test assemblies in the U.S. in the 2020 timeframe.