Hyperion Valued at $100 Million

Earth 2 Tech reports the valuation of “nuclear battery” maker Hyperion at $100 million.

Hyperion has some lofty goals for its nuclear-in-a-box modules. It’s aiming to build several factories around the world to produce a first batch of 4,000 units. The transportable nuclear modules, each with a price tag of about $25 million, are expected to pump out 70 megawatts of heat and 25 MW of electricity via a steam turbine, targeting off-the-grid applications and developing countries where there isn’t a dependable electric grid.

25 MW is suitable for a small city. It is a clean alternative to burning gas or coal to generate the electricity, and doesn’t contain material that can be stolen to produce atomic weapons. Read the story for more about the regulatory hurdles Hyperion faces.