private limited liability company headquartered oregon designs markets small projected technology commercially available year founded based research funded funding cut scientists program obtained related patents started technology company largest investor assets frozen investigation company experienced financial new funding obtained later currently planning power plant idaho designs feet feet vessels use conventional light water cooling methods module intended kept underground pool expected produce electricity uses passive water circulation operate powered pumps equipment corporate history early history founded based research funded conducted colleges beginning time nuclear department developing passive water circulation techniques cooling nuclear plants research grant ended group scientists continued work built test lab actual scale technology inherited related patents university exchange small equity company founded year funding round january undisclosed sum began seeking certification february raised million financing employees cities oregon washington oregon submit plans small widely expected government approval evaluated consortium utility companies called funding difficulties rebound january largest investor investigated later guilty operating scheme sec investigation related dealings assets frozen expecting additional funding company started making pay cuts executives looked new funding sources company employees laid months september obtained loan hire employees october acquired majority interest company million promised million working capital according investment saved company financially prior investor separate agreement gave rights construct based power plants august said support efforts help obtain funding intended provide funding help bring market awarded funding round second round funding december won million cost sharing funding share expense pursuing government approval program followed agreement million funding year period match private funding december founder ceo succeeded current ceo early deployments march signed agreement allowing partners build operate based nuclear power plant following month energy northwest said didn immediate plans construct nuclear power plant evaluated available technologies identified best available option time july announced effort study demonstrate western united_states called plans build based power plant western united_states november announced building expected idaho plant expected completed markets small nuclear commercially available designs use light water approach cooling power generation common conventional nuclear plants water heated nuclear core base vessel heated water flows upwards inside steam generators heat transferred steam generators water cooler sinking device cycle repeated heat transferred steam generators create steam turns turbine drives electrical generator vessel expected feet feet weigh tons metric tons pre fabricated delivered barge special trucks assembled site units designed produce electricity require standard percent enriched fuel years design rely powered water pumps equipment company claims shut continue cooling indefinitely event devices intended kept ground pool absorb shock earthquakes concrete lid pool event power lost normal cooling systems pool water begins absorb heat comparisons expected market cooling similar systems conventional power plants alternative cooling systems metals expected operate higher efficient temperatures approved company estimates unit plant cost comparison estimated costs conventional nuclear power carbon plant gas fired plant excess gas fired plant carbon executive director said like ideal rural towns need small power plants access natural gas plants expected time materials space construct power sources expanded meet changing power needs operations offices oregon near portland oregon charlotte north_carolina maryland headquarters production facility located maintains test facility additional test facilities italy
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