Nuclear power pack gains backers

When friends ask Los Alamos entrepreneur John “Grizz” Deal what he’s up to these days, he says, “I’m working on the world’s first transportable nuclear reactor.”

Deal is the CEO of Hyperion Power Generation Inc., with an office in Santa Fe and a co-development team at Los Alamos National Laboratory.

The company announced Wednesday that it has completed its second round of development and is off to the races toward a goal of producing about 4,000 hot-tub sized power generators.

With a price tag of $20-30 million each, Deal said the Hyperion Power Module would be a big deal.

“This is the largest tech-transfer opportunity out of the Department of Energy – ever – much less Los Alamos,” he said. “We’re committed to a long-term investment."

The strategy involves refinancing as the company goes into production and probably a public offering.

The company has letters of intent from six customers for a dozen units by 2013, he said, and has begun exploratory talks about locating a factory, possibly in southern New Mexico.

Deal founded LizardTech, an imaging software company, one of the first commercial spin-offs from LANL in the mid-’90s. He captained it through a period of strong growth until it was sold to Celartem Inc.

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