Hogan Lovells represented nuclear fuel technology development company Lightbridge Corporation (NASDAQ: LTBR) 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
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.
Lightbridge Corporation develops thorium-based, proliferation-resistant nuclear fuels. The Company also offers consulting and strategic advisory services. The company, led by Thomas Graham Jr, Seth Grae and Linda Zwobota, is based in Mc Lean, (VA).
Lightbridge was represented by a Hogan Lovells team that included a number of attorneys across offices and practice groups, including team lead senior counsel Steve Miller (Picture), partners Amy Roma, Jeffrey Whittle, and David Crandall, and associates Polly Sims, and Agathe Michel-de Cazotte.
Involved fees earner: Steven Miller – Hogan Lovells; David Crandall – Hogan Lovells; Amy Roma – Hogan Lovells; Jeffrey Whittle – Hogan Lovells; Polly Sims – Hogan Lovells; Agathe Michel-de Cazotte – Hogan Lovells;
Law Firms: Hogan Lovells;
Clients: Lightbridge Corporation;