Enfission, is a new joint venture with Framatome to develop, license and sell nuclear fuel assemblies based on the Lightbridge-designed technology.

Lightbridge's technology aims to make existing and new nuclear power plants significantly more economical and safer, Grae said. Its deployment could add "meaningful amounts" of clean power without having to build new reactors. This, he said, would help to justify the economic case for existing plants to continue in operation, and to extend their operating licenses, but help to justify the economic case for building new units.

Framatome was formed from the spin-off of Areva Group's nuclear reactor operations and is owned by is owned by the EDF Group (75.5%), Mitsubishi Heavy Industries (19.5%) and Assystem (5%).