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Private Sector | Karnataka - India | PID: 203421
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Prahlada Ramarao, Former Distinguished Scientist DRDO and currently the Chief Innovation Officer, HYLENR, said “LENR reactors utilize low-energy nuclear reactions to generate excess heat. By applying a small volume of electricity to stimulate these reactions, LENR can produce significantly more heat than the input energy, making it a potentially game-changing technology for power generation.”
The Team has invested the last 10 years into developing the patented technology and we plan to further invest and raise funds to commercialize the product in an accelerated mode. The advanced research and development facility of HYLENR is located at T-HUB, Hyderabad. One more development center is located in an electronic city in Bengaluru.
Durairajan stated. “We intend to reach out to the global market for our LENR application ranging from outer space to Domestic space and will be forging partnerships for GTM outside India, Said, Ram Ramaseshan, Board Member, HYLENR, Ram is based in Detroit handling the Overall strategy, and Global relations for HYLENR. Our goal is to further scale up LENR units for field testing and demonstration projects, and partner with research institutions and labs for advanced analysis, applications, and optimization. Additionally, collaborate with regulatory bodies to establish safety standards and approval processes to ensure successful deployment and commercialization of LENR technology (the art of making atomic nuclei merge and, ideally, harnessing the resultant additional energy).
Varaprasad, Chief Scientific Officer HYLENR, added. “Early applications of LENR are in direct heat consumers, space applications, renewable energy, clean mobility, and calamity energy solutions. Its advantages are to offer clean, efficient heating alternatives to fossil fuels and to reduce CO2 emissions.
Based on the potential applications and theoretical benefits of LENRs, some analysts and organizations have attempted to estimate their future market size: Precedence Research: Estimates the global Small Modular Reactor (SMR) market (which could potentially include LENRs) is pegged at USD 8.06 billion. The startup is also seeking strategic investments of USD 10 Million to further accelerate productization, scaling of efficiency, research and development, and business development.
| Updated on: 20 - Sep - 2024
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