Lightbridge Corporation (NASDAQ: LTBR) is developing and commercializing next generation nuclear fuel technology that will increase the power output of existing and new reactors, reduce nuclear waste and enhance proliferation resistance. The Company also is a leading provider of nuclear energy advisory services to commercial and governmental entities worldwide.
Lightbridge is well positioned to serve the growing market opportunity for next generation nuclear fuel. Global nuclear power generation is projected to increase by more than 73% by 2035. Worldwide, 435 reactors are in operation today, and 63 reactors are under construction, including 26 in China and 6 in India. For the first time in more than 30 years, the Nuclear Regulatory Commission in 2012 approved construction and operating licenses for 2 U.S. reactors. License applications are pending for 26 reactors in 14 states. Nuclear power generation is less expensive per megawatt and more reliable with longer lasting plants, compared with wind and solar generation.